Series B · Hardware
Oratomic raises $475 million Series B for quantum computing
Six investors co-led the round, bringing the company’s total financing to $775 million.
ARCH Venture Partners, Spark Capital, Khosla Ventures, Index Ventures, General Catalyst and Bezos Expeditions backed the financing. The round values Oratomic at $5.4 billion, according to its transaction counsel, Wilson Sonsini.
Oratomic will expand its scientific and engineering teams, laboratory infrastructure and computing systems. The company uses reconfigurable arrays of neutral atoms and error-correction technology to develop fault-tolerant quantum computers.
Use of funds
Expand scientific and engineering team
Develop laboratory infrastructure
Build quantum computing systems
Funding history
Series B · This round$475M
Series A$300M