QuEra Computing, a Boston-based company specialising in neutral-atom quantum computing, has secured over US$230 million in funding to advance the development and production of large-scale, fault-tolerant quantum computers.
The funding round includes new investors such as Google, SoftBank Vision Fund 2, and Valor Equity Partners, alongside existing investors like QVT Family Office and Safar Partners, all of whom participated.
Of the total sum, US$60 million will be disbursed upon meeting a pending funding condition.
“This round represents a significant milestone for QuEra as we continue to deliver on our promise of scalable, fault-tolerant quantum computing,”
said Andy Ory, Interim CEO of QuEra.
“Since our last funding round in 2023, we have achieved impressive scientific, technical, and commercial milestones, which have dramatically increased the value of our business. This new investment will fuel our next phase of growth, enabling us to deliver large-scale quantum solutions that address critical business challenges for our customers.”
With this investment, QuEra will accelerate the development of fault-tolerant quantum computing technology, expand its team of scientists and engineers, and enhance its capacity to build and test high-performance neutral-atom computers.
The company will also broaden its collaborations with global research organisations, Fortune 500 companies, and government programmes.
QuEra’s progress reflects the increasing demand for fault-tolerant quantum systems, which are expected to transform sectors such as finance, pharmaceuticals, logistics, and cybersecurity.
Featured image credit: edited from freepik
