{"id":629930,"date":"2024-08-06T09:00:03","date_gmt":"2024-08-06T06:00:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/switzerland-of-quantum-computing-raises-75m-for-error-correction-chip\/"},"modified":"2024-08-06T09:00:03","modified_gmt":"2024-08-06T06:00:03","slug":"switzerland-of-quantum-computing-raises-75m-for-error-correction-chip","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/switzerland-of-quantum-computing-raises-75m-for-error-correction-chip\/","title":{"rendered":"#\u2018Switzerland of quantum computing\u2019 raises $75M for error-correction chip"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2c99ce03734\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2c99ce03734\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/switzerland-of-quantum-computing-raises-75m-for-error-correction-chip\/#Qubit_neutrality\" >Qubit neutrality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/switzerland-of-quantum-computing-raises-75m-for-error-correction-chip\/#Well-established_position_in_the_quantum_computing_market\" >Well-established position in the quantum computing market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/switzerland-of-quantum-computing-raises-75m-for-error-correction-chip\/#Generational_approach_to_investment\" >Generational approach to investment<\/a><\/li><\/ul><\/nav><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/img-cdn.tnwcdn.com\/image?fit=796%2C417&amp;url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2024%2F08%2FRiverlane-leadership-photo-e1722870833319.jpg&amp;signature=c795ef49ab08aa11037700e5360cc6c3\" \/><\/p>\n<div id=\"article-main-content\">\n                            <span style=\"font-weight: 400;\">UK-based Riverlane announced today it has secured $75mn in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> C funding to meet \u201csurging global demand\u201d for quantum error correction \u2014 and propel it on its path toward 1 million error-free quantum operations by 2026.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Quantum technologies hold the potential to forever alter the way in which we think about computation. Specifically, quantum computing can unlock a range of transformative capabilities across industries such as pharmaceuticals, logistics, and energy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But in order for that to h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en, two things need to occur \u2014 scaling of the number of physical qubits and a significant reduction in error rates.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Qubit_neutrality\"><\/span>Qubit neutrality<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are a number of technological pathways to create qubits, the fundamental units of information in quantum computing. There are so-called superconducting qubits, trapped-ion qubits, photonic qubits, neutral atom qubits, and more. However, they all have one thing in common \u2014 they are prone to errors.<\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/srrsbwkqwr?videoFoam=true&amp;autoPlay=true\" title=\"\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen=\"\" msallowfullscreen=\"\" width=\"100%\" height=\"100%\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Errors arise from physical and technical challenges, such as external electromagnetic interference, thermal noise, or control errors. These cause qubits to lose their quantum states, and affect the performance and reliability of quantum computers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The best quantum computers today can perform a few hundred operations before being overwhelmed by errors. To get to a place where quantum computing will solve actual problems this will need to increase to billions and eventually trillions of error-free operations. Quantum Error Correction, or QEC, is the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> that will bridge that gap, says Steve Brierley, founder and CEO of Riverlane.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Riverlane is building chips that solve the error correction in quantum computing. \u201cIn kind of the same way that GPUs were needed to scale up AI workloads, so error-correction chips are needed to scale up quantum computers,\u201d Brierley told TNW.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Quantum error correction works a lot like classical error correction in that it adds redundancy so that if any of the qubits fail, the system can still keep working. It does this by forming abstract \u201clogical\u201d qubits from a larger number of physical qubits. This allows for the detection and correction of errors without disturbing the encoded information.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Riverlane\u2019s QEC hardware and software are pathway-agnostic. They function with any of the approaches to quantum computing currently out there, and the company does not have a favourite horse in the race. \u201cWe are a bit like Switzerland,\u201d Brierley told us in a conversation earlier this year.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Well-established_position_in_the_quantum_computing_market\"><\/span>Well-established position in the quantum computing market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Riverlane supplies its technology to about half of the world\u2019s quantum computing companies, including \u201cbig tech\u201d (unspecified), Rigetti, Infleqtion, and the storied Oak Ridge National Laboratory in Tennessee, US. This established position has convinced investors to renew their confidence in the Cambridge startup, which came about not in a garage but at the founder\u2019s kitchen table, in a house on River Lane, in 2016.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Brierley has been \u201creally impressed\u201d by the current level of understanding around quantum computers and technology of investors.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWhen I founded the company the question was, \u2018What is quantum computing? Why should I be interested?\u2019 And that narrative and understanding has really progressed,\u201d he said. \u201cNow, people have a very clear understanding of the importance of quantum error correction and that it is the central next phase of quantum computing.\u201d\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Generational_approach_to_investment\"><\/span>Generational approach to investment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Planet First Partners led the Series C round. Sustainability-focused ETF Partners and Singapore\u2019s EDBI also participated, as did existing investors Cambridge Innovation Capital (CIC), Amadeus Capital Partners, the UK\u2019s National Security Strategic Investment Fund (NSSIF), and HPC leader Altair.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, Planet First and ETF,\u00a0 two of the largest investors, focus on the sectors of clean and climate tech. \u201cI think they\u2019re seeing that if we get to error-corrected quantum computers, they will have a huge positive impact in accelerating innovation in multiple industries, especially those that are really hard to decarbonise,\u201d Brierley said, adding that they were also the type of investors to take a long-term, generational approach.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The money will go toward scaling Riverlane\u2019s R&amp;D capabilities, developing its next generation product to begin shipping by the end of 2026, and achieving its milestone of 1 million error-free quantum operations (known as a MegaQuOp). This would mean that quantum computers could run computations impossible for even the world\u2019s fastest supercomputers to simulate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The funding will also unlock a host of new positions with the company (currently employing nearly 100 people), which will be looking to hire more <\/span><span style=\"font-weight: 400;\">hardware and software engineers, quantum scientists, and operational roles.\u00a0<\/span>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/riverlane-quantum-computing-error-correction-chip-series-c-75-million-dollars\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK-based Riverlane announced today it has secured $75mn in Series C funding to meet \u201csurging global demand\u201d for quantum error correction \u2014 and propel it on its path toward 1 million error-free quantum operations by 2026.\u00a0 Quantum technologies hold the potential to forever alter the way in which we think about computation. Specifically, quantum computing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":629931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280%2C640&url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2024%2F08%2FRiverlane-leadership-photo-e1722870833319.jpg&signature=06691f6675011a0e21d90eded51cef41","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-629930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/629930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=629930"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/629930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/629931"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=629930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=629930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=629930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}