Quantum Circuits has successfully raised $60 million in funding aimed at enhancing error correction in quantum computers, a critical step towards their commercialization. The investment comes from In-Q-Tel, a venture capital firm that focuses on technology for the U.S. government. This funding is expected to support the development of scalable error-correcting quantum platforms. Meanwhile, Amount, a company that provides digital lending services to credit unions and banks, has raised $30 million from a consortium of investors including Curql, Goldman Sachs, WestCap, and Hanaco Ventures. These funding rounds reflect a growing interest in advancing technology in both quantum computing and digital lending sectors.
Amount, which provides digital lending services for credit unions and banks, raised $30M from Curql, Goldman Sachs, WestCap, Hanaco Ventures, QED, and others (@pymnts) https://t.co/ku5M54cYyd 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/QaPUtGmKMy
In a new blog, IonQ explains the physics behind its novel error correction breakthrough and how it fills the gap between current quantum error mitigation techniques and the longer-term promise of fully error-corrected, fault-tolerant quantum computers: https://t.co/UU5Jd8vPtR https://t.co/Cz81QGN2T9
Quantum Circuits raises $60M to build scalable error-correcting quantum platform https://t.co/47MeaON378