System will be housed in the Midlothian area

Funds will support commercialization of technology and manufacturing capacity build-out

Will support the university’s ambitions of deploying a Top500-ranked system

System will support the US Department of Defense

One of the first systems in the world to include Nvidia’s GB200 NVL4 platform

Raised $1.68 billion from the sale of 28 million shares

Judge ruled that despite gov’t saying no final decision has been made, comments and documentation demonstrate otherwise

Company says investment will help support its quantum roadmap beyond 2029

Can support up to 1,000 low-speed and up to 32 high-speed phase shifters

Investors include Bpifrance, STMicroelectronics, and the European Innovation Council

Funds will support company’s global expansion and R&D efforts

Company says chip puts it on path to achieve scalable quantum computer by 2029

System is powered by AMD Turin CPUs and Nvidia GH200 superchips

Plus a round up of other quantum computing news

System has been designed to fit inside a conventional 19-inch rack

First time tool will be used for superconducting quantum applications in the US

MicroSparc chip generates “continuous electrical power” by harvesting energy from quantum vacuum fields

Extended round brings total raised by the company to more than $350m

The company claims the Hanyuan-2 system is the first of its kind globally

Platform consists of six Nvidia H200 GPUs and 52 Nvidia L40S GPUs

Second system deployed by the company in as many months

Company notes the fundraise ranks among the largest quantum Series A rounds globally

Round was co-led by DCVC and Kembara, with participation from new investors British Business Bank and Firgun

Investors in the Series B round included Intel Capital, IQT, and ETF Partners