Riverlane raises £14.6m Series A funding led by Draper Esprit to expand internationally
The financing will support international expansion and development of the Deltaflow operating system.
Riverlane develops quantum error correction technology designed to eliminate system errors in quantum computers. The firm builds scalable decoder solutions compatible with all major qubit types.
Riverlane has secured £14.6m in Series A funding led by Draper Esprit to advance its quantum operating system, Deltaflow. The round included participation from existing backers Cambridge Innovation Capital, Amadeus Capital Partners, and the University of Cambridge. The company will use the capital to support international expansion into the US and European markets. This follows a seed round completed in June 2019.
From the founder
"For a quantum ecosystem to thrive, we urgently need an operating system. An operating system makes quantum computers useful – it allows programs and applications to run on many different machines. Riverlane aims to make our operating system Deltaflow a global standard."
Steve Brierley
Founder & CEO at Riverlane
Investor perspective
"Draper Esprit has a heritage of supporting world-changing technologies as they scale. Riverlane is showing what is already possible as quantum emerges into the commercial world and we’re excited by the traction they already display. Hardware manufacturers are already seeing the benefit from Deltaflow as Riverlane commercialise their technology. We look forward to seeing where Riverlane can go next."
Stuart Chapman
Director, Draper Esprit
Use of funds
- 01Expand into international markets
Investors
Stuart Chapman
Draper Esprit
Andrew Williamson
Cambridge Innovation Capital
Amelia Armour
Amadeus Capital Partners
Elaine Loukes
University of Cambridge
Categories
About the company
Riverlane
Riverlane builds quantum error correction technology to remove hardware errors.