Atom Computing today announced it has raised a total funding of more than $300 million to accelerate the development and deployment of commercial-scale fault-tolerant quantum computers. The total includes a $100 million Series C investment round and a signed Letter of Intent with the U.S. Department of Commerce for $100 million. The Series C round was led by Third Point Ventures, with participation from DCVC, Cisco Investments, and others. Atom Computing has emerged as a leader in the race to build practical quantum computers using neutral atoms. The company recently announced a full demonstration of quantum error correction on its quantum computers, making it only one of two companies in the quantum industry to have done so, and the first company to do this demonstration using neutral-atom technology.

Full report : Atom Computing, one of the nine quantum computing startups backed by the US, raised a $100 million Series C led by Third Point, bringing its total funding to $300 million.