Oratomic raises $300M to build a viable quantum computer that needs only 20K qubits
Quantum computing startup Oratomic has raised $300 million in a Series A funding round to develop a utility-scale quantum computer using a laser-based atom-trapping approach. The company aims to achieve viability with significantly fewer qubits than competitors by focusing on advanced error correction.
Why it matters
This breakthrough could accelerate the timeline for commercially viable quantum computing, which has the potential to revolutionize fields from cryptography to material science.
A number of companies , betting on various architectural approaches, are trying to build the first commercially viable quantum computer capable of significantly outperforming current systems.
Oratomic , which entered the race earlier this year with the goal of developing the first utility-scale quantum computer by the end of the decade, said this week that it has raised $300 million. The massive Series A round was co-led by ARCH Venture Partners, Spark Capital, and Khosla Ventures, with participation from Bezos Expeditions, Index Ventures, General Catalyst, Lowercarbon Capital, Bain Capital, and others.
Founded by Caltech physicists, Oratomic uses lasers, which act as optical tweezers, to hold individual atoms in place as the basis for its quantum computer.
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