Riverlane, the global leader in quantum error correction technology, today announced that it has raised $75 million in Series C funding to deliver its groundbreaking quantum error correction (QEC) roadmap. The funding will enable Riverlane to expand operations to meet surging global market demand for QEC technology, with the goal of achieving one million error-free quantum computer operations by 2026.

Oxford Ionics, a world leader in trapped-ion quantum computing, today announced it has been selected by the United States’ Defense Advanced Research Projects Agency (DARPA) for its Quantum Benchmarking Initiative (QBI).

Rigetti Computing, Inc. (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that it was selected to participate in the Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI). The primary goal of QBI is to determine if any approach to quantum computing can achieve utility-scale operation by 2033. QBI will use a multi-stage approach, Stages A, B, and C, to assess the proposed concepts, with each stage representing an increased level of scrutiny. Rigetti will advance to Stage A, a 6-month performance period focused on the Company’s utility-scale quantum computer concept worth up to $1 million upon completion of program milestones.

Quantinuum, the industry leader in quantum computing with the world’s highest performing quantum computer, will work with NVIDIA as a founding collaborator on breakthroughs at the NVIDIA Accelerated Quantum Research Center, where operations are expected to begin later this year.

Xanadu, a leader in photonic quantum computing, has published a research article in the peer-reviewed journal Physical Review Letters, demonstrating how photonic qubits can be used to enact any quantum error correction (QEC) code—including codes that use a lot less qubits to suppress errors. This work opens the door to reducing the number of physical qubits needed for early fault-tolerant quantum computation, while preserving an error correction threshold comparable to other performant QEC codes. The flexibility and feasibility of Xanadu's photonic approach is highlighted, especially when considering the finite qubit resources that will be available in early utility-scale quantum computers.

Riverlane, a global leader in quantum error correction (QEC), has announced the appointment of Liz Durst as Vice President of QEC Community. Liz is a highly regarded leader in the quantum computing industry with extensive experience developing open-source tools and fostering global technology communities. Her expertise will be instrumental in advancing QEC and accelerating Riverlane’s mission to make quantum computing useful, sooner.

Nu Quantum releases a Quantum Error Correction (QEC) theory paper demonstrating how a modular quantum computing architecture of interconnected processors is compatible with high-rate and efficient quantum error correction codes, charting a path towards fault-tolerant distributed quantum computing.

WiMi Hologram Cloud Inc. ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the research of a new quantum algorithm—the Holographic Quantum Linear Solver (HQLS), which aims to provide a more efficient and resource-efficient quantum algorithm for solving the Quantum Linear System Problem (QLSP). This algorithm is based on a combination of Variational Quantum Algorithms (VQA) and the classical shadow framework, overcoming the hardware resource bottlenecks of traditional quantum linear solver algorithms.

Despite comprising over 300 vendors the QC market is at a nascent stage of market development. The reality is that essentially all vendor revenue to date comes from customers who are experimenting with QC technology – not using it for operational purposes. However, Omdia believes that 2025 will mark an important shift upwards in the trajectory of QC vendor revenue growth, partially because of a shift from experimentation to operation.

Pasqal, a global leader in neutral atom quantum computing, has today announced an ambitious partnership with Riverlane, a frontrunner in quantum error correction (QEC) technology, to accelerate the race towards fault-tolerant quantum computing – a critical milestone, where errors are corrected in real time, for unleashing the full potential of quantum computing.