Riverland, Cambridge quantum computing startup, aims for Global Expansion
25 Jan, 2021
Riverland is looking forward to leaping into the cutting edge technology.
A significant quantum computing start-up crafted out of the Cambridge University completed its main significant fundraising activity to accelerate its global growth process. Riverland is the leader among a slew of British start-ups that aim to make advancements in cutting edge technology. The start-up is developing efficient software that will help people use advanced computers for various practical purposes. The machines can also boost chances of turning around the experimental technology into productive commercial products in the future.
Riverland is backed by Arm co-founder Hermann Hauser’s Amadeus Capital and recently announced the first significant fundraising event. It attracted around $20m from the existing owners, including Cambridge University and Draper Esprit. Quantum computers give increased power that can simplify complex calculations to drive massive innovation in chemicals, pharmaceuticals, and healthcare. Computers can also strengthen several other technologies like machine learning tools and artificial intelligence.