ORCA Computing Raises $15 Million To Speed Up The Development Of Its Light-Based Quantum Computers

ORCA Computing, a British quantum computer startup, has raised a $15 million series A investment to fund their quantum project of developing near-term photonic quantum computers. The investment was led by a group of deep technology investors, including Octopus Ventures, Oxford Science Enterprises, Quantonation, and Verve Ventures. Developing quantum qubits to the size capable of executing complex quantum algorithms is a huge task. It requires a lot of money, hence the funding. Quantum computers can transform trillion-dollar industries, including autonomous vehicles, drug discovery, and military defence. ORCA has partnered with the UK Ministry of Defence (MoD). 

Orca is developing scalable quantum computers for future data processing capabilities like machine learning. These quantum computing systems integrate with real-world technologies. The company claims that its software allows small-scale photonic processors to use single light units. Presently, quantum computers operate at sub-zero conditions. Otherwise, the qubits become unstable. This temperature requirement is a challenge in quantum technology.

Orca’s quantum computers will operate at room temperatures, a milestone in quantum computing technology. The company’s mission is to put photonic systems in the hands of users and give them short and long-term value. The two-year-old startup was newly appointed lead in a key Innovate UK project to develop ‘the quantum data center of the future worth  £11.6 million. They lead a 15-strong consortium including BP, Airbus, Riverlane, KETS, BT, and five leading UK universities. With an expert team and a pioneering component-focused approach, ORCA is crossing milestones in quantum technology.

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