Apr 16, 2021

Quantum Computing Software Specialist Riverlane Secures $20M in Series A Funding

Posted by in categories: computing, finance, quantum physics

January 25, 2021

CAMBRIDGE, England, Jan. 25, 2021 — Riverlane, a quantum software company, today announces that it has raised $20m in Series A funding to build Deltaflow, its operating system for quantum computers. Over the past year, Riverlane has signed up 20% of the world’s quantum hardware manufacturers to use Deltaflow and will use the funding to expand internationally to the US, Europe and beyond.

The round was led by European technology venture capital fund Draper Esprit, and supported by existing investors, Cambridge Innovation Capital, Amadeus Capital Partners, and the University of Cambridge.

Quantum computers will change the world by solving problems that are fundamentally impossible to solve on classical computers. This step change in computing power will have an enormous impact on a variety of industries, for example the pharmaceuticals and materials industry. Over the next five years we will continue to see rapid progress in quantum hardware development and, as the quantum industry develops, it’s vital that software is built on a solid foundation.

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