The Withers tech team has advised Molten Ventures, the tech focused venture capital fund formerly known as Draper Esprit, on a £15 million Series B funding round for Cambridge-based quantum computing business Riverlane.
The funding round also consisted of computing (HPC) leader Altair and the National Security Strategic Investment Fund and returning investors Cambridge Innovation Capital and Amadeus Capital Partners.
Riverlane is developing solutions to quantum computing technology, including error correction that makes data processing more reliable. Its Deltaflow.OS operating system creates error-free logical qubits.
Cambridge venture capital partner, Susanna Stanfield, comments: “We’re proud to have worked with Molten Ventures on numerous funding deals, and this return deal for Riverlane is a really exciting one. The business has scaled up fast and has an ambitious target in mind to be able to process up to 100TB of data per second by 2025 with quantum technology. We look forward to seeing the business continue to evolve.”
Withers tech is the technology, life sciences and venture capital focused team at international law firm Withers. The Withers tech team was led by Susanna, working alongside Iain Cockburn, Yeji Lee, Lily-May Austen, Hugh More, Kate Heywood, Richard Penfold and Nicola Culliton.
