Cambridge-based quantum computing startup Riverlane raises €3.7 million for its software to simulate laboratories

Riverlane Raises €3.7M in Seed Funding

Riverlane, a Cambridge-based quantum computing startup, has raised €3.7 million in seed funding led by Cambridge Innovation Capital and Amadeus Capital Partners. The company's software leverages the capabilities of quantum computers to accelerate the simulation of quantum systems, which can be used to replace laboratory tests in areas such as drug discovery. Riverlane plans to use the funding to demonstrate its technology across a range of quantum computing hardware platforms and expand its team of quantum software researchers and computational physicists.

Riverlane Raises €3.7 Million to Accelerate Quantum Computing Software Development

Riverlane is a Cambridge-based startup developing advanced quantum computing software, which it plans to use as a simulation engine for microscopic systems to replace laboratory tests in areas such as drug discovery. The company leverages the capabilities of the quantum computer, which operates using the principles of quantum mechanics. Riverlane is working with leading academics and companies on critical early use cases for its software, such as developing new battery materials and drug treatments.

Riverlane is a Cambridge-based startup developing advanced quantum computing software to replace laboratory tests in areas such as drug discovery.

6 years ago

Riverlane Raises €3.7 Million to Accelerate Quantum Computing Software Development

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