QuEra Computing, based in Boston, Massachusetts, has raised more than $230 million in financing to “accelerate the development and production of large-scale, fault-tolerant quantum computers”.Boston’s QuEra Computing raises more than $230mQVT Family Office and Safar Partners were among the company’s existing investors to contribute to this latest raise, alongside new investors Google (with sponsorship by the Google Quantum AI business unit), SoftBank Vision Fund 2 and Valor Equity Partners.Of this investment, $60 million “will be received in the near future upon satisfying a prerequisite funding condition, currently in progress”, the company states.Founded in 2018, QuEra utilises neutral atoms to develop its quantum computers based on research from both Harvard University and the Massachusetts Institute of Technology (MIT).The company says it will use the funding to build out its team of scientists and engineers “with a focus on technical and scientific talent”.QuEra adds it also has plans to “broaden its portfolio of application co-design, cloud and on-premises engagements” as well as strengthen its build and test capacity to “scale up and meet growing demand for high-performance neutral-atom computers”.“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,” comments QuEra interim CEO, Andy Ory.The company has identified the global financial services sector as one of the primary focus areas for this emerging and advanced technology.FinTech Futures has previously evaluated the application of quantum computing in the sector, highlighting its potential to revolutionise areas such as risk analysis, portfolio optimisation, fraud detection and complex financial modelling.
Mer. Feb 12th, 2025
