Google Quantum AI has invested an undisclosed sum in quantum startup QuEra.
In a statement, the neutral-atom quantum computing company said the investment will help it “accelerate technology advancements” such as developing scalable and fault-tolerant quantum computers, in addition to “quantum error correction capabilities needed to deliver quantum computing solutions.”
QuEra was founded in 2018, based on research conducted at Harvard and MIT. In July 2024, CEO Alex Keesling, a former Harvard PhD student, announced he was moving into the role of CTO in order to lead QuEra's efforts to achieve higher-volume production.
The board of directors appointed board member Andy Ory as the acting CEO while the company continues to search for a permanent replacement.
Commenting on the investment from Google Quantum AI, Ory said it was a testament to the strength of QuEra’s technology, its “world-class team” and the company’s “long-term partnerships with Harvard and MIT."
“Google Quantum AI is a leader in quantum computing and this investment recognizes the potential of different quantum computing technologies, and specifically QuEra’s leading neutral-atom technology,” he said, adding that QuEra was set to announce an additional financing initiative in the coming weeks that would allow the company to execute on its vision and position it as “the recognized market leader for neutral atom-based quantum computing solutions.”