Atom Computing Finalizes Up to $100 Million Award to Advance Fault-Tolerant Quantum Computing
Atom Computing has signed an agreement for up to $100 million with the U.S. Department of Commerce to accelerate research and development of fault-tolerant, utility-scale quantum computers.
- Raised
- up to $100 million
- Target market
- Companies and researchers
- Use of funds
- Developing critical technologies in-house, expanding parallel engineering and testbed infrastructure, and strengthening R&D collaboration with key supply chain partners to support manufacturing scale-up and long-term growth
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Quick Answers
What is the latest news about Atom Computing?
Atom Computing has signed an agreement for up to $100 million with the U.S. Department of Commerce to accelerate research and development of fault-tolerant, utility-scale quantum computers.
What does Atom Computing do?
Atom Computing develops large-scale quantum computers for companies and researchers using arrays of optically trapped neutral atoms. Its on-premises systems provide computational tools and logical-qubit capabilities for complex applications.
How much did Atom Computing raise?
Atom Computing raised up to $100 million.
How will Atom Computing use the funding?
Atom Computing plans to use the money for developing critical technologies in-house, expanding parallel engineering and testbed infrastructure, and strengthening R&D collaboration with key supply chain partners to support manufacturing scale-up and long-term growth.
Where is Atom Computing based?
Atom Computing is based in USA.
Who are the key people at Atom Computing?
Key people named in this report: Dr. Ben Bloom (CEO and Founder) and Jonathan King, PhD (Chief Scientist & Co-Founder).