QuEra Computing Announces Investment From Google Quantum AI

Insider Brief

• QuEra Computing announced a strategic investment from Google Quantum AI to assist in QuEra’s efforts to develop scalable, fault-tolerant quantum computers, specifically using neutral atom technology.
• The investment builds on QuEra’s collaboration with Harvard and MIT and is expected to accelerate the company’s advancements in quantum error correction and other capabilities outlined in its strategic roadmap.
• This investment highlights Google’s recognition of diverse quantum technologies, expanding its focus beyond superconducting qubits and positioning QuEra as a leader in neutral-atom-based quantum computing solutions for industries like materials science, pharmaceuticals, and finance.

PRESS RELEASE — QuEra Computing today announced an investment in QuEra by Google Quantum AI. The investment marks a significant milestone in QuEra’s journey to develop and make available useful, scalable and fault-tolerant quantum computers and affirms the recent significant technical progress made by the company. The investment builds on a collaboration with Harvard and MIT, based on the groundbreaking research led by the laboratories of Mikhail Lukin, Vladan Vuletic, and Markus Greiner. Google Quantum AI’s investment in QuEra’s neutral atom technology adds to its portfolio of primary work in superconducting qubits.

The company did not release information on the size of the investment.

For QuEra, the investment will help to accelerate technology advancements in the neutral atom space, such as developing quantum error correction capabilities needed to deliver quantum computing solutions and delivering additional capabilities outlined in QuEra’s strategic roadmap, publicly announced in January 2024.

“Google Quantum AI’s strategic investment in QuEra, which we recently closed, is a testament to the strength of our technology, our world-class team, and our long-term partnerships with Harvard and MIT.  This investment from Google Quantum AI, coupled with an additional financing initiative to be announced in the coming weeks, allows us to execute on our vision and company strategy, and positions us as the recognized market leader for neutral atom-based quantum computing solutions,” said Andy Ory, Interim Chief Executive Officer of QuEra. “Google Quantum AI is a leader in quantum computing and this investment recognizes the potential of different quantum computing technologies, and specifically QuEra’s leading neutral-atom technology.”

QuEra’s quantum solutions are being developed for use cases in important verticals such as Materials, Chemicals, Life Sciences/Pharma, Government, Financial Services, and other compute-intensive industries, and may be used to enable novel AI/Machine Learning capabilities. QuEra invites interested parties to learn more about our quantum computing initiatives or to contact us directly for partnership opportunities. For additional information, please visit www.quera.com.