Riverlane Closes a $20 Million Series A Investment Round

The round was led by  Draper Esprit with additional participation from Cambridge Innovation Capital, Amadeus Capital Partners, and Cambridge Enterprise, University of Cambridge. Riverlane is developing a quantum operating system called Deltaflow and they indicate that 20% of the world's quantum hardware manufactures have already signed up to use it. Some of the funds will be used to expand internationally to the U.S., Europe, and other parts of the world. The Series A funding follows a £3.25 million ($4.4M USD) round they received in June 2019. In addition, a consortium led by Riverlane received a grant of £7.6 Million ($9.3M USD) in May 2020 to develop the new operating system from the  UK government's Industrial Challenge Strategy Fund. More information can be found in the news release posted on Riverlane's website here.

January 25, 2021