What is Riverlane?
Founded in 2016, Riverlane is dedicated to developing the Quantum Error Correction Stack. This technology is crucial for addressing the millions of data errors that currently impede the progress of quantum computers, preventing them from achieving widespread practical application. By tackling these errors, Riverlane aims to unlock the full potential of quantum computing for complex problem-solving across various industries.
How much funding has Riverlane raised?
Riverlane has raised a total of $93.7M across 2 funding rounds:
Series B
$18.7M
Series C
$75M
Series B (2023): $18.7M with participation from Altair, Molten, ARI Simulation, and HPC High Performance Computing
Series C (2024): $75M led by EDBI, ETF Partners, Cambridge Innovation Capital, and Planet First Partners
Key Investors in Riverlane
EDBI
EDBI is a global investor based in Singapore, focusing on high-growth technology sectors since 1991. The company aims to create value and empower businesses to build sustainable legacies through strategic investments.
ETF Partners
ETF Partners supports talented entrepreneurs and management teams with investment capital and experience. The company's funds come from institutional investors, global corporations and family offices. The company creates value by investing in technology companies that make a difference.
Cambridge Innovation Capital
Cambridge Innovation Capital is a leading venture investor focused on supporting promising entrepreneurs in life sciences and deep tech within the Cambridge ecosystem. With a unique relationship with the University of Cambridge, they leverage their expertise and extensive network to identify and back innovative start-ups.
What's next for Riverlane?
The substantial enterprise-level funding Riverlane has garnered, particularly the recent major strategic investment, signals a pivotal growth phase for the company. This capital infusion is expected to accelerate the development and deployment of its Quantum Error Correction Stack, positioning Riverlane to play a key role in the advancement of quantum computing hardware and software. The company's trajectory suggests a focus on scaling its operations and solidifying its position as a leader in the quantum technology sector.
See full Riverlane company page
