A new AI-based toolset developed by scientists at Q-CTRL enables quantum computers to optimize their own performance autonomously without user intervention, resulting in a 2X reduction in errors in comparison to hardware defaults.
The company considers this a critical step towards fully abstracted quantum computer hardware powered by AI that will help accelerate the development of quantum computers and applications, pushing the industry closer to delivering real-world business value.
‘Headless’ e-commerce platform Fabric raises $43M
Fabric, a startup powering e-commerce for companies like GNC and ABC Carpet and Home, has raised $43 million in Series A funding.
The announcement comes less than four months after Fabric announced its $9.5 million seed round. CEO Faisal Masud said Fabric hadn’t intended to raise more funding so quickly, but given its growth and investor interest, the startup’s leadership team had to ask, “Do we delay the growth or do we just go now?”
The answer is probably self-evident, since you’re reading this funding story. The round was led by Norwest Venture Partners, with Norwest’s Scott Beechuk joining Fabric’s board of directors. Redpoint Ventures and Sierra Ventures also participated.
Press release content from Accesswire. The AP news staff was not involved in its creation.
Berkeley SkyDeck Fund Hits Milestone as Most Active Seed Fund with More Than 100 Investments in Three Years
January 27, 2021 GMT
The SkyDeck Fund supports the next generation of global startups through the Berkeley SkyDeck accelerator program; applications for the next cohort now being acceptedBERKELEY, CA / ACCESSWIRE / January 27, 2021 / Berkeley SkyDeck Fund, the official .
The SkyDeck Fund supports the next generation of global startups through the Berkeley SkyDeck accelerator program; applications for the next cohort now being acceptedBERKELEY, CA / ACCESSWIRE / January 27, 2021 / Berkeley SkyDeck Fund, the official .
The SkyDeck Fund supports the next generation of global startups through the Berkeley SkyDeck accelerator program; applications for the next cohort now being accepted
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The SkyDeck Fund supports the next generation of global startups through the Berkeley SkyDeck accelerator program; applications for the next cohort now being accepted
BERKELEY, CA / ACCESSWIRE / January 27, 2021 / Berkeley SkyDeck Fund, the official investment partner for top global startup accelerator UC Berkeley SkyDeck, is proud to announce a major milestone today. The $23.5 million fund has completed more than 100 investments in just three years, making it one of the world s most active seed funds. The SkyDeck Fund is backed by Sequoia Capital, Sierra Ventures, Mayfield Fund, and Canvas Ventures, along with additional venture capital firms, individuals, and large corporations.
The SkyDeck Fund, which was founded in December 2017, invests in every startup that goes through the SkyDeck accelerator program as well as later-stage startups with Berkeley founders. One such later-stage investment is Iota Biosciences, founded by UC Berkeley professors, which was acquired in 2020 b