Oratomic raises $475 million at a $5.4 billion valuation

The funding round comes three months after Oratomic’s Series A. Its total funding has reached $775 million, which will support development of utility-scale, fault-tolerant quantum computers, according to HPCwire. British startup Universal Quantum also announced more than $100 million in Series A funding, pursuing a different approach to quantum computing.

• Oratomic’s previous valuation was $1.5 billion, according to The Next Web.
• Oratomic uses reconfigurable neutral-atom arrays, according to SiliconANGLE.
• Universal Quantum develops modular trapped-ion systems, according to SiliconANGLE.

Covered by 4 publishers within 5 hours of the first report.

• Wall Street Journal: Quantum Startup Oratomic Now Worth $5.4 Billion After Series-B Funding

Reporting4

WSJ Wall Street Journal Quantum Startup Oratomic Now Worth $5.4 Billion After Series-B Funding · Isabelle Bousquette 7:00 AM

TNW The Next Web Oratomic reportedly hits $5.4bn as Gartner sees quantum revenue top $1bn · Cristian Dina 9:36 AM

SA SiliconANGLE Oratomic raises $475M for neutral-atom quantum computing, Universal Quantum nets $100M+ · Kyt Dotson 11:35 AM

HPC HPCwire Oratomic Reaches $775M in Total Funding to Build Utility-Scale Fault-Tolerant Quantum Computers · Andrew Jolly 11:36 AM

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Topics Quantum computing