Atom Computing Raises More Than $300 Million to Accelerate Deployment of Fault-Tolerant, Neutral-Atom Quantum Computers

Insider Brief

Atom Computing has secured more than $300 million in total funding, including a $100 million Series C round and a $100 million Letter of Intent with the U.S. Department of Commerce, to accelerate development and deployment of fault-tolerant quantum computers.

The company recently demonstrated quantum error correction on a neutral-atom quantum computer and is participating in DARPA’s Quantum Benchmarking Initiative while deploying a commercial logical-qubit system with Microsoft.

Atom Computing plans to use the funding to scale higher-performance quantum systems, advance error correction and software capabilities, expand global deployments, and grow its engineering, research, and commercial teams.

PRESS RELEASE — Atom Computing today announced it has raised a total funding of more than $300 million to accelerate the development and deployment of commercial-scale fault-tolerant quantum computers. The total includes a $100 million Series C investment round and a signed Letter of Intent with the U.S. Department of Commerce for $100 million. The Series C round was led by Third Point Ventures, with participation from DCVC, Cisco Investments, and others.