QuEra Computing has received a strategic investment from Google Quantum AI to expedite the development of scalable, fault-tolerant quantum computers using neutral atom technology. This funding marks a significant endorsement of QuEra’s progress and leverages collaborations with Harvard and MIT, based on research from the labs of Mikhail Lukin, Vladan Vuletic, and Markus Greiner. There will also be technical collaboration between QuEra and Google Quantum AI.
The investment aims to speed up advancements in quantum error correction, a critical step toward fault-tolerant quantum computing, and to achieve milestones outlined in QuEra’s strategic roadmap announced in early 2024.
Interim CEO Andy Ory emphasized that the investment reflects confidence in QuEra’s technology and team, as well as its partnerships with top academic institutions. The infusion of funds, combined with an additional soon to be announced financing initiative, will enable QuEra to execute its strategic vision, advancing its capabilities and expanding its reach in the quantum computing industry. The company also indicated that it will soon be making announcements about additional funding initiatives.
QuEra’s solutions target sectors such as materials science, pharmaceuticals, finance, and other computationally intensive industries, with potential applications in AI and machine learning. The company operates the world’s largest publicly accessible neutral atom quantum computer, available through cloud platforms and on-premises.
A press release from QuEra announcing this new investment can be accessed here.
October 15, 2024
