Total amount raised
$247 Millions
Latest funding date
Location
QuEra Computing has successfully raised $230 million in a recent financing round to accelerate the development of large-scale fault-tolerant quantum computers. The company specializes in quantum computing technology using neutral atoms, offering products like the Aquila Analog Computer and Bloqade software.
Keep reading to explore the intricacies of QuEra Computing's fundraising journey and the investors backing this innovative platform.
What Is QuEra Computing?
QuEra Computing, founded in 2018, is a pioneering company in the quantum computing industry. Based in Boston, Massachusetts, the company specializes in developing large-scale quantum computers using neutral atom technology.
Founded by Dirk Englund, John Pena, Markus Greiner, Mikhail Lukin, Nathan Gemelke, and Vladan Vuletic, QuEra employs between 101 and 250 people. Their innovative approach aims to solve complex problems in fields like chemistry, materials science, and machine learning.
How Much Funding Has QuEra Computing Raised?
- Convertible Note
- Amount Raised: $230M
- Date: February 2025
- Lead Investors: SoftBank Vision Fund, Google Quantum AI, Valor Equity Partners
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To advance quantum science and build manufacturing capacity in Massachusetts.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: October 2024
- Lead Investors: Google Quantum AI
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at strategic partnerships and technological advancements.
- Venture Round
- Amount Raised: $17M
- Date: November 2021
- Lead Investors: Rakuten
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance initial development and operational capabilities.
QuEra Computing has raised a total of $247M in funding. The current valuation is over $1 billion.
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, focusing on large-scale investments in technology companies. It is one of the largest technology-focused venture capital funds in the world.
- Investment Focus Areas: Technology, artificial intelligence, robotics, advanced technologies
- Notable Investments: Uber, WeWork, ARM Holdings
- Google Quantum AI
- Details: Google Quantum AI is a business unit of Google focused on quantum computing research and development. It aims to build quantum processors and develop new quantum algorithms.
- Investment Focus Areas: Quantum computing, artificial intelligence, cloud computing
- Notable Investments: Waymo, DeepMind, Verily
- Valor Equity Partners
- Details: Valor Equity Partners is a private equity firm that invests in high-growth companies across various sectors, including technology. The firm is known for its hands-on approach to scaling businesses.
- Investment Focus Areas: Technology, consumer, industrial sectors
- Notable Investments: Tesla, SpaceX, Addepar
- Safar Partners
- Details: Safar Partners is a venture capital firm investing in early-stage technology companies. The firm focuses on groundbreaking innovations and high-tech fields.
- Investment Focus Areas: Early-stage technology companies, innovative and high-tech fields
- Notable Investments: Specific notable investments are not detailed in the sources.
- QVT Family Office
- Details: QVT Family Office is an investment firm managing the assets of QVT Financial LP. The firm focuses on a diverse range of investment opportunities.
- Investment Focus Areas: Diverse investment opportunities, including technology and innovation
- Notable Investments: Specific notable investments are not detailed in the sources.
What's Next for QuEra Computing?
QuEra Computing stands at the cusp of significant advancements in the quantum computing industry. With a recent $230 million funding round, the company is poised to develop large-scale fault-tolerant quantum computers and expand its workforce. This financial backing underscores the immense potential of their technology to revolutionize various sectors, from material science to optimization problems.
Future fundraising opportunities appear promising, given the strong interest from major investors like Google and SoftBank. As QuEra continues to hit milestones, it is likely to attract even more substantial investments. However, the path forward is not without challenges. The company must navigate technical hurdles in quantum computing and face stiff competition from other well-funded startups.
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