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Google backs Boston quantum startup QuEra in $230M debt round
Quantum computing, long relegated to the realm of theoretical, feels like it is back on the agenda as a potentially viable alternative to the expensive
The company, which is currently being led by an interim CEO — the enterprise tech vet Andy Ory — declined to give a timeline for that next equity funding round. For the moment, given we have yet to see a fully-functioning, commercially available quantum machine, a lot of the work among these and other companies are doing is scattered across a range of approaches, all aiming for ways to improve error and fail rates when computations are carried out. As compute gets more expensive and new technologies like AI are putting ever greater pressure on resources, the industry is looking for solutions that could leapfrog those workloads, or at least complement them, with something more powerful.
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