Glenn Manoff’s Post

Riverlane's mission—to make quantum computing useful far sooner than previously imaginable—has remained unchanged since day one.      Today, we're excited to share another milestone on that journey - Riverlane has raised $75 million in Series C funding 🚀      The round was led by Planet First Partners with participation from ETF Partners and EDBI Pte Ltd and existing investors Cambridge Innovation Capital, Amadeus Capital Partners, the National Security Strategic Investment Fund (NSSIF) and Altair.       As quantum computers continue to scale, quantum error correction (QEC) will be a critical enabler to unlock the industry's next wave of progress.      This investment will enable Riverlane to expand operations to meet growing demand for QEC technology from hardware companies and governments worldwide.      Thank you to our partners, investors and the incredible Riverlane team who have all made this milestone possible 🙏      For quantum computing, it's now no longer a matter of 𝘪𝘧 but when... 💥 📎 Read more: https://lnkd.in/eppA2BvG #quantumcomputing #quantumerrorcorrection #Riverlane

We are happy to announce our participation in the $75 million Series C funding round of Riverlane, the global leader in quantum error correction (QEC) technology ⚡ The funding will support Riverlane in expanding operations to meet global market demand for QEC technology, with the goal of achieving one million error-free quantum computer operations by 2026 ✅ Riverlane's Founder and CEO, Steve Brierley, had this to say: “Quantum error correction is the critical enabler for the industry’s next huge wave of progress, from today’s small error-prone machines to large and reliable quantum computers that will start a new age of human progress as significant as the digital revolution. Our partners recognise the value in working with Riverlane to deliver a solution that fits their needs - we are building the right product at the right time to seize this opportunity.” The round was led by Planet First Partners , with participation from ETF Partners and EDBI Pte Ltd alongside existing investors Cambridge Innovation Capital, Amadeus Capital Partners, the National Security Strategic Investment Fund (NSSIF), and Altair. Read the full release here 🔽 https://lnkd.in/eDv-kWHj #Riverlane #Quantum #QEC #VentureCapital

Our portfolio company, C12 announced today the closing of its second financing round of €18 million. The round was led by new and existing investors, Varsity, Verve Ventures and the European Investment Bank (EIB) and included historical investors 360 Capital, Bpifrance Digital Venture and BNP Paribas Développement. Congratulations to co-founders Pierre Desjardins and Matthieu Desjardins and the entire C12 team! Launched in 2020 by the Desjardins brothers, C12 is a pioneer in the development of quantum computers capable of tackling immensely complex computational tasks beyond the reach of today's most powerful supercomputers. Using carbon nanotubes as the building blocks of its quantum processor, C12 introduces an ultra-pure material that minimizes errors and dramatically improves qubit quality. This new round of financing will allow C12 to accelerate its R&D work to achieve a world-first that enables scalability: the first high-fidelity quantum operation on two distant spin qubits connected by a communication bus. Read the full press release: https://lnkd.in/epJ3hEq3 #quantum #technology #technews #quantumcomputing #carbonnanotubes #fundingnews #deeptech #startupnews

We were pleased to welcome Shadow Defra Minister, Daniel Zeichner, for a site visit at Molten Ventures-backed Riverlane. Riverlane is an innovative scale-up firm working on a critical challenge for quantum computing - Quantum Error Correction. Molten's support for Riverlane has been used to accelerate the development of Deltaflow.OS, Riverlane's operating system for error-corrected quantum computing. Achieving reliable error correction is the defining technical challenge for quantum computing to unlock its transformative potential. Riverlane is just one of over 1,000 promising tech scale-ups across the UK that have been supported by VCTs. The UK's tech sector is now the largest in Europe and the third largest globally, thanks in part to the valuable role VCTs play in funding innovative companies. #venturecapital #scaleup #tech #quantumcomputing

In a sign that the biggest media in the world are catching on to Quantum Circuits, Inc., today Bloomberg covered our Series B investment and differentiation in accelerating fault-tolerant quantum computing from others, including Mag 7 and Fortune 500s. We correct first, then scale. And it's resonating in the broader marketplace. Read here: https://lnkd.in/gTbHxQmP or https://lnkd.in/g3RT5Sq8

GP Bullhound is proud to announce the release of our latest report: Quantum Technology – Investing at the Inflection Point. Quantum technology has recently transitioned from the realm of science fiction to a field on the verge of transforming the world. In this report, we dissect this emerging technology and explain why now is the time to take it seriously. From an investor's perspective, we also discuss how to navigate the quantum market, providing insights to help identify the companies poised to lead this technological wave and the challenges they may face along the way. Download the full report here! https://lnkd.in/dMnA9BRV Callum Stewart, PhD  at GP Bullhound stated: "As investors start to recognise the groundbreaking potential of quantum technologies and are beginning to allocate accordingly, there is no one-size-fits-all approach to investing. As with every developing technology, each part of the value chain differs in its return, time horizon, and risk profiles. For investors looking to allocate a small pocket of capital to capture the broad expansion of the market, we suggest looking at hardware-agnostic investments like infrastructure software or supporting systems that are driving value creation today. Those with longer timeframes and more aggressive deployment plans should consider the underlying hardware or end application software for investment." #GPBullhound #QuantumTechnology #InvestmentOpportunities #TechInvesting #InnovationReport

Quantum computing is shifting from research-focused projects to enterprise solutions. What was once built in-house by field leaders is now part of a value-chain, with each system assembled from high-quality, specialized components—driving better scalability and reliability for commercial use. Qblox falls within the quantum computers and processors, or the control stack, element of the value chain. The Global Quantum Computing startups report offers an overview of the startups starting to provide those components: https://hubs.ly/Q02Rtftv0

🚨 Attention Quantum Investors! 🚨 The latest edition of Quantumweek for Investors by Global Quantum Intelligence, LLC is here, and it's packed with insights you won't want to miss! 🔍📈 While the overall private capital investment landscape in quantum has been relatively quiet as of late, it's impossible to ignore the recent strategic move by the Australian government to invest in PsiQuantum. 🇦🇺 This massive $940 million AUD investment is aimed at developing a groundbreaking 1 million qubit photonics-based quantum computer potentially creating 2,800 jobs and generating $5.1 billion in economic activity. 💼💰 Despite the somewhat subdued investment environment, this substantial investment adds yet another significant milestone for PsiQuantum to achieve and further elevates their already ambitious goals. 💡 💡 But that's not all! We dive into the key takeaways from recent conferences, including the RSA Conference and the 2nd Annual Stanford Responsible Quantum Technology Conference, where the focus was on addressing the quantum threat and the potential regulation of this transformative technology. 🔒🌐 🔧 Plus, we take a deep dive into the current state of the quantum computing hardware landscape with GQI's proprietary stack assessment tool. The analysis reveals the challenges and opportunities ahead as the industry works towards large-scale, fault-tolerant quantum computing systems. 🖥️🔬 Link to the #9 newsletter edition: https://lnkd.in/g9_wCmVV #invest #investor #quantum #quantumcomputing

UK Government and Innovate UK are increasing their investment in deep-tech, and Quantum is back in the spotlight. A new £9.5m fund likely supporting 10 ambitious projects with upto ~£3m funding each opens next week and closes just before Xmas. The winning projects will likely be collaborations across SME and academia. One for the SETsquared Bristol team? KETS Quantum Security Nu Quantum #deeptech #investment #quantum #grants

Ready to accelerate your quantum research? #Qblox has you covered. Our state-of-the-art control stacks offer unparalleled scalability and precision, giving you the tools you need to succeed in the quantum era. Build the modules you need to succeed. See more: https://lnkd.in/gMKemPgN #quantum #quantumphysics #quantumcomputing