Insider Brief
Oratomic raised a $300 million Series A to accelerate development of fault-tolerant, utility-scale quantum computers.
The company plans to use the funding to expand quantum hardware fabrication, algorithmic research and its physics and hardware engineering teams.
Oratomic’s research suggests neutral-atom quantum systems may reduce the hardware needed for useful quantum computing, while also raising concerns about future risks to modern encryption.
Oratomic has raised a $300 million Series A financing round as the quantum computing startup moves to accelerate development of a fault-tolerant quantum computer that it says could reach commercial utility before the end of the decade.
