SoftBank and Google are coming together to back a quantum computing company. But, why?

‍What’s happening:‍

• Boston based quantum computing startup QuEra Computing has raised $230M USD in a new financing round
  

The big idea:‍

• QuEra Computing is building large scale, fault tolerant quantum computers that leverage neutral-atom technology and scaleable architecture to dramatically expand the capabilities of quantum computing technology
  
• QuEra Computing is aiming to be develop quantum computers that are able to correct errors in real time and handle much larger, more complex computations that could enable breakthroughs in applications such as drug discovery or nuanced financial modelling
  

Why it matters:‍

• Some of the most notable technology investors and venture capital funds in the world participated in the recent financing round, including SoftBank, Google, Valor Equity Partners and QVT Family Office
  

Going deeper:‍

• QuEra Computing has already formed notable partnerships with prestigious academic institutions to accelerate the development of their quantum computing technology, including Harvard and MIT
  

The intrigue:‍

• QuEra Computing has also partnered with multiple large companies for experimenting with their quantum computers and running simulations, including Airbus and Morgan Stanley

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