Insider Brief
- QuEra Computing has raised over $230 million in financing to accelerate the development of large-scale, fault-tolerant quantum computers.
- The investment includes new backers such as Google, SoftBank Vision Fund, and Valor Equity Partners, alongside continued support from existing investors.
- The funding will support technology development, talent expansion, and scaling production to meet growing demand for neutral-atom quantum computing.
PRESS RELEASE — QuEra Computing, the leader in neutral-atom quantum computing, today announced it has successfully completed a financing of more than $230 million. The funds will be used to accelerate the development and production of large-scale, fault-tolerant quantum computers, reinforcing the company’s position at the forefront of quantum innovation.
The investment comes from new investors, including Google with sponsorship by the Google Quantum AI business unit, SoftBank Vision Fund, Valor Equity Partners, and others. They join QuEra’s existing investors, including QVT Family Office, Safar Partners, and all other major existing investors, who all participated. Of the $230M, $60 million will be received in the near future upon satisfying a prerequisite funding condition, currently in progress. This financing validates the considerable technical breakthroughs achieved by QuEra in collaboration with Misha Lukin, Markus Greiner, and their teams at Harvard, as well as Vladan Vuletic and his team at MIT. This financing was also made possible by QuEra’s commercial progress with major customers such as AIST, as well as the new strategic partnerships the company has cultivated.
“This round represents a significant milestone for QuEra as we continue to deliver on our promise of scalable, fault-tolerant quantum computing,” said Andy Ory, Interim CEO of QuEra. “Since our last funding round in 2023, we have achieved impressive scientific, technical, and commercial milestones, which have dramatically increased the value of our business. This new investment will fuel our next phase of growth, enabling us to deliver large-scale quantum solutions that address critical business challenges for our customers.”
“The transformative potential of quantum computing is immense, and QuEra is uniquely positioned to make it accessible and impactful,” said Kentaro Matsui, Managing Partner of SoftBank Investment Advisers. “SoftBank Vision Fund is thrilled to invest in a company that is shaping the future of computation as the next step of AI.”
“As early backers of QuEra, we are pleased to both significantly increase our investment and to welcome this new group of outstanding investors,” said Arthur Chu, QuEra board member and managing member of QVT. “We believe that this new capital will allow QuEra to extend its technological and commercial leadership in fault-tolerant quantum computing.”
Takuya Kitagawa, President of QuEra, says, “We are deeply grateful for the continued confidence of our existing investors and excited to welcome new strategic partners who believe in our team and share our long-term vision. Their support strongly advances our mission: to accelerate innovation by building scalable, useful, and fault-tolerant quantum computers.”
Ed Durkin, CFO of QuEra, added, “We are pleased to announce this very significant and successful financing. All our major existing investors have shown strong support by participating in this transaction, and we are thrilled to welcome such high-quality and knowledgeable new strategic and financial investors like Google and SoftBank Vision Fund, who share our long-term vision. This funding structure, coupled with our growing organic revenue stream, provides flexibility as we hit our development targets and scale production and provides the Company with a very long financial runway over the next several years.”
With this funding, QuEra will:
• Accelerate the development of fault-tolerant quantum computer technology.
• Rapidly expand its team of world-class scientists and engineers, with a focus on technical and scientific talent.
• Strengthening build and test capacity to scale up and meet growing demand for high-performance neutral-atom computers.
• Broaden its portfolio of co-design, cloud, and on-premises engagements with global research organizations, Fortune 500 companies, and government programs.
QuEra’s continued momentum highlights the growing market demand for fault-tolerant quantum systems, which are poised to revolutionize industries such as finance, pharmaceuticals, logistics, and cybersecurity.
