Planet First Partners led a $75m Series C round in Riverlane.

Planet First Partners, the European growth equity sustainable investment platform, led a $75m Series C round in Riverlane, a leader in quantum error correction technology, with participation from ETF Partners, EDBI, Cambridge Innovation Capital, Amadeus Capital Partners, the UK’s National Security Strategic Investment Fund and Altair. Demand for quantum error correction technology has grown dramatically over the past year. Driven by a series of technical breakthroughs, improvements in qubit quality and a global shift towards building error-corrected quantum systems, the quantum computing industry is now looking beyond today’s small, error-prone machines to a new generation of ‘fault-tolerant’ quantum computers with integrated QEC technology.