Friday
Jun212019
UK quantum algorithm start-up targets first opportunity
Friday, June 21, 2019 at 9:43AM A UK start-up developing software for quantum computers has received £3.25 million ($4.1 million) in funding.
Riverlane, based in Cambridge, is working with leading quantum computing hardware companies as well as large corporates interested in benefiting from the technology.
The start-up will use the funding to grow the company and has already identified the most promising applications for the technology.
“A lot of people are building hardware using various technologies such as iron trap or supercomputing qubits,” says Steve Brierley, CEO of Riverlane. “What we are trying to do is make that [hardware] useful as soon as possible.” A qubit is the shorthand term for a quantum bit.
