First Product, Fresh Finding, and New Faces
Atom Computing secured $15 million in Series A business funding from venture capital (VC) companies Venrock, Innovation Endeavors, and Prelude Ventures. In addition to its Series A business funding, the company also received three grants from the National Science Foundation.
"I'm honored to lead this amazing team who has accomplished so much in the early stages of the company with a modest investment compared to what others have made. Combining the best of modern classical computing with quantum computing will allow us to reach new heights in science and engineering," said Rob Hays, CEO and President of Atom Computing.
The company has used funding to hire “brilliant quantum physicists” and experienced design engineers to develop the company’s first quantum computer. Its first product, Phoenix, has demonstrated “unprecedented” stability at scale.
"Quantum computing has accelerated to a point where it is no longer 10 years out. The scalability and stability of our systems gives us confidence that we will be able to lead the industry to true quantum advantage. We will be able to solve complex problems that have not been practical to address with classical computing, even with the exponential performance gains of Moore's Law and massively-scalable cluster architectures,” Hays added.
The startup company has also unveiled its first-generation quantum computing system. The quantum computer is able to trap 100 atoms in a vacuum chamber with optical tweezers. Furthermore, the quantum has demonstrated “exceptionally stable qubits at scale, with coherence times that are orders of magnitude greater than ever reported,” the company said in its press release.
Atom is working to deliver scalable quantum supercomputers focused on solving extremely difficult problems and dilemmas that have troubled mankind for centuries. The quantum computer is built from optically trapped neutral atoms.
The company’s co-founder and CTO, Ben Bloom, says Atom Computing’s key focus is on scalability. According to Bloom, initial data generated from Phoenix shows performance levels “never before reported in any scalable quantum system.”
Hays, who has vast experience in the computing business industry, has just joined the startup company as CEO and president. He joins from Lenovo, where he was in charge of the growth and profitability business strategy for the tech company’s data center products and services. Previously, he spent over 20 years at Intel focused on the company’s Xeon processor roadmaps.
In addition to Hays, the quantum startup company also said its board of directors welcomed Bill Jeffrey, the CEO of major research and development (R&D) company SRI International. Jeffrey, who also worked with HRL Laboratories, NIST, OSTP, and DARPA, brings more than 30 years of experience in developing advanced technologies.
Atom Computing, a quantum computer startup, raised $15 million in funding, which has allowed the company to hire senior IT veterans. The quantum computer business also presented its first supercomputer — Phoenix.
About the Author
An analyst of global affairs, Adriaan has an MSC from Oxford, with diverse interests in the digital economy, entertainment, and business. He is a specialist trainer in advanced analytics and media.