British quantum computing software startup Riverlane lands £3.25 million

Cambridge-based quantum computing software developer Riverlane has secured £3.2 million in a funding round led by Cambridge Innovation Capital and Amadeus Capital Partners, with the participation of Cambridge Enterprise. The company plans to use the money to hire more quantum software researchers and computational physicists.

Riverlane applies quantum computing to the simulation of microscopic systems. The startup says that this kind of simulation can replace expensive laboratory tests. Riverlane also mentioned that it’s working with a few academics and companies on early use cases for the software, including developing new battery materials and drug treatments.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.