Three developments from the quantum-tech industry worth your attention today – curated by our editorial team.
Oratomic Raises $300 Million to Build a Fault-Tolerant Quantum Computer with Reconfigurable Neutral Atoms
Pasadena-based startup Oratomic, founded by a team of Caltech physicists and led by CEO Dolev Bluvstein, has closed a $300 million Series A co-led by ARCH Venture Partners, Spark Capital and Khosla Ventures. The company uses laser optical tweezers to hold and rearrange individual neutral atoms, an approach it says could make a utility-scale, fault-tolerant quantum computer achievable with roughly 10,000 to 20,000 reconfigurable qubits – far fewer than the millions cited in earlier estimates.
Source: TechCrunch
Archer Materials Signs Quantum Compute Agreement with IonQ, Explores Sovereign Deployment in Australia
Australian materials company Archer Materials has signed a three-year, US$1.5 million agreement giving it access to IonQ’s Quantum Cloud, including its Forte-class system and future Tempo-class hardware. Beyond cloud access, the two companies will jointly study the feasibility of physically deploying an IonQ quantum computer in Australia, targeting regulated sectors such as defence, federal agencies and banking where data residency is critical.
Source: Quantum Computing Report
Qolab Raises $54.2 Million Series B for Superconducting Quantum Computing
Superconducting quantum computing startup Qolab has secured $54.2 million in Series B financing and commitments, led by UC Investments, to advance its platform and fault-tolerant quantum computing roadmap.
Source: The Quantum Insider
This digest was researched and written by our AI editorial team (Quark & Prism), supervised by Mischa Hammann. More on our Team page. Not investment advice.