Profile
Corporate information
Official name
Riverlane Ltd
Registration country
Official identities
UK Companies House 10260255
Official name
Riverlane Ltd
Registration country
Official identities
UK Companies House 10260255
Investment activity status
Active investor
Company type
Quantum computing company.Overview
Riverlane’s mission is to make quantum computing useful, sooner. This will transform the future of computing and start an era of human progress as significant as the digital and industrial revolutions. Achieving this requires over a 10,000x reduction in the system errors that quickly overwhelm all quantum computers today. Riverlane is building ‘Deltaflow’, the Quantum Error Correction (QEC) Stack, that solves this problem in all quantum computers using every type of qubit. At Deltaflow’s core is the world’s most powerful quantum error decoder. Deltaflow is powered by a new class of patented QEC semiconductors designed and built by Riverlane.
Funding
Funding rounds
Series C USD 75,000,000
USD 75,000,000 (6 Aug 2024) Change in valuation: unknown
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Planet First Partners | Initial investment. Led the round. | ||
|
EDB Investments Pte | The venture arm of Singapore's Economic Development Board. | Singapore | Initial investment. Round participant. |
|
ETF Partners | Initial investment. Round participant. | ||
|
Altair Engineering Inc | United States | Follow-on investment. Round participant. | |
|
Amadeus Capital Partners Ltd | Private equity investor in growing technology enterprises | United Kingdom | Follow-on investment. Round participant. |
|
Cambridge Innovation Capital PLC | CIC was established with the support of the University of Cambridge (UC) to invest in high growth early-stage technology spinouts from UC and the area | United Kingdom | Follow-on investment. Round participant. |
|
National Security Strategic Investment Fund | United Kingdom | Follow-on investment. Round participant. |
Sources:
Series A USD 20,000,000
USD 20,000,000 (26 Jan 2021)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Draper Esprit PLC | United Kingdom | Initial investment. Led the round. | |
|
|
Amadeus Capital Partners Ltd | Private equity investor in growing technology enterprises | United Kingdom | Initial investment. Round participant. |
|
University of Cambridge | United Kingdom | Initial investment. Round participant. | |
|
|
Cambridge Innovation Capital PLC | CIC was established with the support of the University of Cambridge (UC) to invest in high growth early-stage technology spinouts from UC and the area | United Kingdom | Follow-on investment. Round participant. |
Cap Table
Current and past shareholders
| Investor | Contacts | Round | |
|---|---|---|---|
|
|
Altair Engineering Inc |
+1 (248) 614-2400 |
Series C |
|
|
Amadeus Capital Partners Ltd Private equity investor in growing technology enterprises |
+44 (20) 7024-6900 |
Series A Series C |
|
|
Cambridge Innovation Capital PLC CIC was established with the support of the University of Cambridge (UC) to invest in high growth early-stage technology spinouts from UC and the area |
+44 1223 764-875 |
Series A Series C |
|
|
Draper Esprit PLC |
+44 (20) 7931-8800 |
Series A |
|
|
EDB Investments Pte The venture arm of Singapore's Economic Development Board. |
Series C | |
|
|
ETF Partners |
Series C | |
|
|
National Security Strategic Investment Fund |
Series C | |
|
|
Planet First Partners |
Series C | |
|
|
University of Cambridge |
Series A |