David Ryan’s Post

We're proud to support Riverlane, the global leader in quantum error correction technology, by investing in their $75 million Series C round alongside Planet First Partners, EDBI Pte Ltd, ETF Partners, Amadeus Capital Partners, AltaIR Capital, and NSSIF🚀 Having first invested in Riverlane during their seed round in 2019, CIC has continued to back them in every subsequent round, making Riverlane the first European quantum computing start-up to achieve a Series C raise. CIC identifies and supports top entrepreneurs in knowledge-intensive fields, helping them create world-leading companies with transformative global impacts. Riverlane's focus on quantum error correction and collaborations with quantum computer manufacturers worldwide can advance the global market and foster innovative applications that address social and environmental challenges in pharmaceuticals, chemicals, material science, and transportation 🌍 https://lnkd.in/gqnRaFp9 #QuantumComputing #Entrepreneurship #Impact

Australia's #quantum landscape is teeming with potential and promise, positioning the country as a significant player in the global quantum technology arena. Science and Innovation Minister Ed Husic MP says the Australian government is willing to support the work of quantum firms, recently telling quantum startups, "We will make the world take notice of your work." It's exciting to see the groundbreaking advancements in quantum computing and how this innovative field continues to steadily gain momentum. https://bit.ly/49ANhLK #quantumcomputing #quantumaustralia #quantumtechnology

“Existing quantum computers can solve some problems faster than any ordinary computer, but none of those problems has any practical use.” 😬 A lot of quantum computing is not even solutions in search of problems. A big chunk of the use cases simply aren’t practical, and likely never will be. https://lnkd.in/gR9v8NFq #vc #venturecapital #startups #entrepreneurs #entrepreneurship #tech #technology #innovation #deeptech #quantum #quantumcomputing #future #money #business

📰 News: 📰 🌟 Time for a Quantum Leap in Business! 🌟 Did you know that exploring quantum solutions for your small or medium-sized business can be a game-changer in terms of efficiency? With the potential to revolutionize computing as we know it, quantum technology holds immense promise for businesses of all sizes. 🔬🚀 Check out these eye-opening figures: - Tokyo-based Beyond Next Ventures Inc. raised ¥25.7 billion -$160 million- for cutting-edge tech and research startups, with 20% coming from pension funds. 💰💼 - Japan's government is actively promoting deep tech, including quantum computing, by offering subsidies and investing in startups. 🌐🔬 - Japanese Prime Minister Fumio Kishida aims to direct funding from the Government Pension Investment Fund into startups, boosting the startup ecosystem's growth. 🏦🌱 But why should you start exploring quantum solutions for your business? Here are the key benefits: 🚀 Quantum computing has the potential to solve complex problems exponentially faster than classical computers, leading to breakthroughs in various industries. 🌍 This technology can optimize logistics networks, financial modeling, drug discovery, and much more, making your business more efficient and competitive. 📈 Investing in quantum now positions your business ahead of the curve, ensuring you stay relevant and at the forefront of innovation. Let's start a conversation! Share your thoughts and questions about quantum computing and its potential for businesses. And don't forget to follow Spin Quantum Tech for more fascinating updates on the quantum revolution. 🌌👨💼 -QuantumComputing -FutureTech -Innovation -BusinessStrategy -StayAheadOfTheCurve -SpinQuantumTech -JoinTheConversation #Future #Futurism #Innovation #Business #ArtificialIntelligence #QuantumComputing #SQT https://lnkd.in/eFSc_Hrv

#QuantumComputing #EuropeanTech #StartupFunding 💻 Europe Sees Rise in Quantum Computing Race 📈 The appetite for quantum computing startups in Europe has been steadily increasing, with 2023 witnessing record levels of investments in this emerging technology. The latest addition to this trend is the new Quantonation Fund, which has joined the European quantum race by raising a substantial amount of capital to support cutting-edge quantum computing initiatives. 🔬 Key Takeaways from the Article: - Europe is experiencing a surge in investments in quantum computing startups. - The establishment of the new Quantonation Fund highlights the growing interest in quantum technologies in the region. 👩🏽💻 With the growing interest and investments in quantum computing, startups in the space are in a unique position to capitalize on this trend. One of the challenges that founders often face is fundraising, as securing capital is crucial for the growth and sustainability of their ventures. NextRound.ai can provide founders with the necessary tools and resources to streamline the fundraising process, connect with potential investors, and ultimately propel their quantum computing startups to new heights. 📍 Visit the NextRound.ai blog post for more details. 💰✅📎 👉🏽 Don't miss out on this opportunity! 🌤️ Source link: [Read more](https://lnkd.in/e8Q8Vbhx)

🟢 Quantum Error Correction Startup Riverlane Secures $75M in Series C Funding ➡️ Riverlane, a UK-based quantum computing startup specializing in error correction technology, has raised $75 million in a Series C round. The company is developing Deltaflow, a combination of QEC chips, hardware, and software capable of correcting billions of errors per second in quantum computers. 🟩 This funding marks a significant milestone as Riverlane becomes the first quantum computing startup in Europe to reach Series C. The round was led by sustainability-focused investors, including Planet First Partners, ETF Partners, and Singapore's EDBI, valuing the company at over $400 million. The quantum computing sector is maturing, with error correction technology being a critical component for practical applications. Riverlane's success signals growing investor confidence in quantum's potential, presenting opportunities for VCs to enter a field poised for significant breakthroughs and commercial viability. #VentureNews

Quantum computing is quickly becoming a hot topic in the tech world. With the potential to process calculations and build AI models at incredible speed, investors are taking notice. According to PitchBook data, a record number of quantum computing startups are raising capital, with deal count hitting an all-time high in 2023. Startups in the vertical secured 92 deals generating $1 billion in 2023, compared to $1.5 billion invested across 87 deals in 2022. At the same time, nearly all other tech verticals registered a drop in deal count. While consumer usage is still years away, investors remain bullish on the space. In January, Quantinuum raised $300 million in a round anchored by JP Morgan, giving the company a pre-money valuation of $5 billion. Check out PitchBook's data on the top 10 VC-backed quantum computing companies that have raised the most capital since 2019.

Today, the #Quantum 2024 Report has been released, thanks to the collaborative efforts of IQM Quantum Computers, OpenOcean, Lakestar, and The Quantum Insider. 📉 The report highlights a significant 50% decrease in #venturecapital investment in global quantum #startups for 2023. But is this the beginning of a #quantum winter? Not necessarily. 💡 Startups must now navigate their funding paths strategically, harnessing patient governmental capital and exploring the potential of short-term #quantumhybrid systems to unlock immediate #business value. Enjoy the reading: https://lnkd.in/dDhezjwV #QuantumComputing #QuantumTechnologies #InnovationInsights #QuantumSystems 🌟

📰 News: 📰 🌟 Exploring Quantum Solutions for SMBs: The Key to Efficiency 🌟 🚀 Quantum Circuits, Inc. secures final Series B investment of over $60 million as they gear up to unleash their game-changing quantum systems with built-in error detection. This breakthrough technology promises scalable and higher-fidelity computing, taking the world of business by storm! 💼 Led by ARCH Venture Partners, F-Prime Capital, Sequoia Capital, and Hither Creek Ventures, this investment round also includes heavy-hitters such as Canaan Partners, Fitz Gate Ventures, In-Q-Tel, Osage University Partners, Connecticut Innovations, Tao Capital Partners, and Tribeca Venture Partners. ⚡ Quantum Circuits, a spinout from Yale University, has its sights set on delivering unprecedented accuracy, performance, and scalability for quantum systems. Their innovative approach, featuring a powerful dual-rail qubit with built-in error detection, guarantees consistent and repeatable computing results – a game-changer for businesses seeking commercially viable systems. 🔋 President and CEO Ray Smets states, "Our full-stack quantum computing solution with error detection empowers algorithm developers to create cutting-edge solutions and achieve better results needed for commercial applications." The comprehensive Series B investment highlights the industry's unwavering confidence in their approach. ✨ Join the conversation and dive into the world of quantum computing! Share your thoughts and let us know how you envision the future of businesses with this transformative technology. And don't forget to follow Spin Quantum Tech for more exciting updates! 💫 -QuantumComputing -Innovation -BusinessEfficiency -QuantumSolutions -FutureTechnology -SpinQuantumTech -TransformingTheWorld #Future #Futurism #Innovation #Business #ArtificialIntelligence #QuantumComputing #SQT https://lnkd.in/ebyQEHhU

The Denver-Boulder region is on the brink of a quantum revolution! With the potential to transform entire industries, this breakthrough technology is poised to become the Silicon Valley of the future. CNBC explores how Denver-Boulder is fostering a thriving ecosystem of quantum computing startups, research institutions, and investors. Check out the article to learn more about this exciting development and how it will shape the future of innovation. From finance to drug discovery, the possibilities are endless. As we witness the dawn of the quantum age, it's clear that Denver-Boulder will play a pivotal role in shaping the future. #QuantumComputing #Innovation #DenverBoulder #SiliconValley