CIA-Backed Quantum Computing Startup Raises $60 Million

Quantum Circuits Inc., a quantum computing startup backed by Sequoia Capital and CIA-funded In-Q-Tel Inc., has raised over $60 million to commercialize its error-detecting superconducting quantum computer. While still in early stages, quantum computing`s potential national security implications and promise of significantly faster speeds have attracted investments from various entities, including tech giants and governments. Quantum Circuits differentiates itself by prioritizing error correction through its unique architecture, aiming for more reliable quantum computing results compared to conventional approaches. Other investors in the Series B funding round include prominent venture capital firms. This news follows a recent $75 million raise by Riverlane, another startup focused on mitigating errors in quantum computing.