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High Tech Series C Founded 2016

Riverlane

Riverlane is a quantum computing software company that provides operating systems for quantum computers, focusing on quantum error correction and performance verification. The company's software makes computing elements in the quantum stack accessible like CPUs and FPGAs, handling qubits, measurement strategies, noise models, and algorithms. Riverlane's technology addresses the critical challenge of quantum error…

📍 Cambridge, United Kingdom · Quantum Computing

Funding snapshot

Last roundSeries C
Amount$75M
Date6 August 2024
Total raised$122M
Valuation62,283,005 (Mar 25, 2021)
Team size198

About

Riverlane is a quantum computing software company that provides operating systems for quantum computers, focusing on quantum error correction and performance verification. The company's software makes computing elements in the quantum stack accessible like CPUs and FPGAs, handling qubits, measurement strategies, noise models, and algorithms. Riverlane's technology addresses the critical challenge of quantum error correction, which is essential for scaling quantum computers to practical utility. The company works with leading quantum hardware manufacturers and national quantum programs. Founded in 2016 and headquartered in Cambridge, United Kingdom, Riverlane has raised approximately $122 million at the Series C stage from investors including the European Innovation Council, Cambridge Innovation Capital, Amadeus Capital, University of Cambridge, Molten Ventures, Planet First Partners, ETF Partners, EDBI, Altair, British Business Bank, and the National Security Strategic Investment Fund.

Business model

Quantum Computing > Quantum Software > Development Platforms > Performance and Verification

Founders & team highlights

Serial Founder

Institutional investors

European Innovation Council Cambridge Innovation Capital Amadeus Capital University of Cambridge Molten Ventures Planet First Partners ETF Partners EDBI Altair British Business Bank Gov NQCC National Security Strategic Investment Fund Mainspring Fund Services Parkwalk

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