‘Passing of torch’ in quantum computing race as Toronto’s Xanadu raises $100-million from Bessemer, CIA, Jeff Skoll

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Christian Weedbrook, founder of the quantum technologies company, Xanadu, listens in as Varun Vaidya, left, discusses the working principle of one of the building blocks of quantum computers, at their office in Toronto on June 20, 2019. Tijana Martin/The Globe and Mail Toronto startup Xanadu Quantum Technologies Inc. has raised US$100-million led by U.S. venture capital giant Bessemer Venture Partners as competition intensifies to bring quantum computers to market. The financing, first reported by The Globe and Mail this month, is also backed by Canadian billionaire Jeff Skoll’s Capricorn Investment Group and U.S. investment giant Tiger Global and past investors Georgian, OMERS Ventures and U.S. venture capitalist Tim Draper. The funding values Xanadu at US$400-million post-transaction. Notably, BDC Capital and In-Q-Tel, the U.S. Central...

Liquid Instruments raises $13.7M to bring its education-focused 8-in-1 engineering gadget to market – TechCrunch

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Part of learning to be an engineer is understanding the tools you’ll have to work with — voltmeters, spectrum analyzers, things like that. But why use two, or eight for that matter, where one will do? The Moku:Go combines several commonly used tools into one compact package, saving room on your workbench or classroom while also providing a modern, software-configurable interface. Creator Liquid Instruments has just raised $13.7 million to bring this gadget to students and engineers everywhere. Image Credits: Liquid Instruments The idea behind Moku:Go is largely the same as the company’s previous product, the Moku:Lab. Using a standard input port, a set of FPGA-based tools perform the same kind of breakdowns and analyses of electrical signals as you would get in a larger or analog device. But being digital saves a lot of space that would...

Liquid Instruments raises $13.7M to bring its education-focused 8-in-1 engineering gadget to market

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Part of learning to be an engineer is understanding the tools you'll have to work with — voltmeters, spectrum analyzers, things like that. But why use two, or eight for that matter, where one will do? The Moku:Go combines several commonly used tools into one compact package, saving room on your workbench or classroom while also providing a modern, software-configurable interface. Creator Liquid Instruments has just raised $13.7 million to bring this gadget to students and engineers everywhere.Students at a table use a Moku Go device to test a circuit board.Image Credits: Liquid InstrumentsThe idea behind Moku:Go is largely the same as the company's previous product, the Moku:Lab. Using a standard input port, a set of FPGA-based tools perform the same kind of breakdowns and analyses of electrical signals as you would get in a larger or analog...

Back Market, platform for refurbished tech gadgets, raises $335 million

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Back Market, an online platform for buying, selling and servicing refurbished tech gadgets, said on Tuesday it raised $335 million in its latest funding round which valued the company at $3.2 billion.The company, started in France in 2014, aims to make it easier for customers to buy refurbished gadgets like iPhones without having to worry that the seller may be peddling stolen or broken goods, said Chief Executive Thibaud Hug de Larauze.To ensure the quality of the refurbished-goods merchants, Back Market has a strict onboarding policy, he said. That includes an acceptance rate to join the platform of only 30%, followed by a sales limit of five items a day for 40 days to prove their products have low failure rates and their customer service meets the standards.“We basically take all the feedback from the clients. We make a quality score. And...

Edge computing orchestration startup Zededa raises $12.5M

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Join Transform 2021 this July 12-16. Register for the AI event of the year. Edge virtualization startup Zededa today announced it has raised $12.5 million in an oversubscribed extension to its series A round. The company says the funding will be used to bolster its customer acquisition efforts as it continues to expand the size of its workforce. Global internet of things (IoT) revenue hit an estimated $1.7 trillion in 2019, when the number of edge devices connected to the internet exceeded 23 billion, according to CB Insights. But despite the industry’s growth, not all organizations think they’re ready for it. In a recent Kaspersky Lab survey, 54% said the risks associated with connectivity and integration of IoT ecosystems remained a significant blocker. Zededa was cofounded in 2016 by Erik Nordmark, Roman Shaposhnik, Said Ouissal, and...

Grid computing software developer Incredibuild raises $140M

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Join Transform 2021 this July 12-16. Register for the AI event of the year. Incredibuild, a developer of grid computing software, today announced that it secured $140 million in funding from ScaleUp investor Insight Partners. The Tel Aviv, Israel-based startup says that the investment, which includes both primary and secondary components, will help expand Incredibuild’s U.S. operations to meet demand for its technology. Computationally intensive tasks like compiling software are often a massive time sink in development. According to Statista, 40% of engineers attribute software project failure to under-resourcing, with 22% blaming missed delivery timeline expectations and 21% pointing at time constraints and premature software releases. Incredibuild, which was founded in 2002 and inspired by NASA’s [email protected], offers a suite of grid...

Israeli quantum computing developer Classiq Technologies raises $10.5 million series A

Israeli quantum computing developer Classiq Technologies raises 105 million series
The company developed tools for the automatic translation of human ideas into quantum circuits Meir Orbach 16:1227.01.21 Israel-based Classiq technologies, which develops tools for converting human thought into quantum circuits, announced on Wednesday that it has raised $10.5 million in series A funding led by Team* Capital and Wing Capital.   The field of quantum computing is still in its early stages, making the task of developing algorithms for it a nearly impossible mission. After decades of research, only a meager number of quantum computing algorithms have been developed so far. While quantum hardware is being developed quickly, there remain major challenges to progress on the software front due to lack of abstractions, the basic principle driving software development.   Classiq Technologies'...

Finnish quantum computing firm IQM raises $46 million

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Nov 10 (Reuters) - Finnish quantum computing technology firm IQM has raised 39 million euros ($46 million) from investors including MIG and Tencent to boost its position in the emerging industry, it said on Tuesday.IQM, founded in 2018, develops quantum computers for research laboratories and computing centres, and has now raised a total of 71 million euros - making it one of the best-funded European firms in the sector.“Europe is ideally positioned to become a quantum leader for the future. Our decades of investment in science and research which are needed to power quantum breakthroughs play to our strengths,” it said.Quantum computers could operate millions of times faster than today’s advanced supercomputers. The technology is based on quantum bits, or qubits, that exponentially increase the amount of information that can be...