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Announced

Completed

Third Point Ventures led a $60m Series B round in Atom Computing.

Financials

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Transaction Value£44m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private Equity

Cross Border

Completed

Computer Hardware

quantum computing systems

Private

Single Bidder

Friendly

United States

Minority

Venture Capital

Synopsis

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Third Point Ventures, a venture capital firm, led a $60m Series B round in Atom Computing, a producer of quantum computers, with participation from Prime Movers Lab, Innovation Endeavors, Venrock, and Prelude Ventures. "Atom Computing designed and built our first-generation machine, Phoenix, in less than two years and our team was the fastest to deliver a 100-qubit system. We gained valuable learnings from the system and have proven the technology. The investment announced today accelerates the commercialization opportunities and we look forward to bringing this to market," Rob Hays, Atom Computing CEO and President.

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