“QuEra Computing, a Boston-based quantum computer developer, is coming out of stealth mode today with $17 million in funding from Rakuten, Day One Ventures and Frontiers Capital. Angel investors Serguei Beloussov and Paul Maritz also joined in the round.”
“The startup, which has built a commercially accessible quantum device, will use the fresh capital to develop customized algorithms to leverage the power of its architecture on quantum optimization and quantum simulation.”
“The QuEra team is building the world’s most powerful quantum computers to take on computational tasks that are currently deemed impossibly hard, Keesling said.”
“QuEra has completed the construction of their first 256-qubit device, which will soon be accessible to customers. The device holds the promise to prove useful today — not years from now — by targeting applications in quantum optimization and quantum simulation. According to the company, this is QuEra’s first step toward addressing today’s ‘impossible problems’ in materials, finance, chemistry, logistics, pharmaceuticals and more.”