Quantum startup Oratomic banks $300M to race straight to fault-tolerance
Oratomic Inc., a quantum computing startup, has raised $300 million in early-stage funding to scale its quantum hardware and accelerate its path to fault tolerance and error correction, creating the next generation of computing capabilities.
The Series A round, announced Monday, was co-led by ARCH Venture Partners, Spark Capital and Khosla Ventures. Other investors also participating in the round included Bezos Expeditions, Index Ventures, General Catalyst, Lowercarbon Capital, Bain Capital, Formation, Nebular and more than a half-dozen others.
Led by Chief Executive Dolev Bluvstein, the company launched in late March this year to build utility-scale quantum technology using neutral-atom technology in collaboration with scientists at the California Institute of Technology.
“Oratomic’s founding team all previously believed that commercially useful quantum computing was far away,” Bluvstein said in the launch press release. “Our new research advances simultaneously changed all of our minds. We have assembled a team of top experts across neutral-atom quantum computing, error-correction theory, artificial intelligence, and optical engineering and we are on a focused mission to build a utility-scale quantum computer.”
