Oratomic Secures $300M to Develop Commercial Quantum Computer
Oratomic, a startup founded by Caltech physicists, has raised $300 million to build a commercially viable quantum computer. The company uses lasers to hold individual atoms in place, a breakthrough that enables error correction with significantly fewer qubits than previously thought possible. This development could outperform current systems and has significant implications for the tech industry.
Key points
- Oratomic, a startup founded by Caltech physicists, has raised $300 million in Series A funding to develop a commercially viable quantum computer.
- The company uses lasers to hold individual atoms in place, a breakthrough that enables error correction with significantly fewer qubits than previously thought possible.
- The funding round was co-led by ARCH Venture Partners, Spark Capital, and Khosla Ventures, with participation from several other investors.
- Oratomic aims to develop the first utility-scale quantum computer by the end of the decade.
- The development of a commercially viable quantum computer could outperform current systems and have significant implications for the tech industry.
Oratomic, a startup founded by Caltech physicists, has secured $300 million in funding to develop a commercially viable quantum computer. The company's approach uses lasers to hold individual atoms in place, a breakthrough that enables error correction with significantly fewer qubits than previously thought possible.
This development could outperform current systems and have significant implications for the tech industry. Oratomic aims to develop the first utility-scale quantum computer by the end of the decade.
The funding round was co-led by ARCH Venture Partners, Spark Capital, and Khosla Ventures, with participation from several other investors. The company's CEO, Dolev Bluvstein, stated that the recent breakthrough has changed the minds of the founders, who previously thought quantum computing was too far away.
The development of a commercially viable quantum computer could have far-reaching consequences for various industries, including finance, healthcare, and climate modeling. As the tech industry continues to evolve, the potential applications of quantum computing will become increasingly apparent.
Sources
The WireByte editorial team synthesises technology news from multiple primary sources, verifies the facts, and links every source. Articles are produced with AI assistance and reviewed under our editorial policy.