ETF Digest
Riverlane joins Defense Advanced Research Projects Agency (DARPA)’s Quantum Benchmarking Initiative
Posted
22 April 2025
Categories
We’re delighted to see our portfolio company Riverlane joining Defense Advanced Research Projects Agency (DARPA)’s Quantum Benchmarking Initiative alongside Rigetti Computing, Diraq and Atlantic Quantum.
As Riverlane CEO Steve Brierley notes, this initiative represents a significant milestone for quantum computing with its £1B procurement target driving rigorous technology validation. What sets this programme apart is its thoughtful structure—focusing on overcoming crucial hurdles in physics, economics and integrated systems rather than encouraging simplistic competition.
We’ve long believed in Riverlane’s exceptional work in quantum error correction. Their participation in this evaluation framework speaks volumes about both their technology and team capability.
On Earth Day 2025, this news feels particularly relevant. The potential for quantum computing to address our most pressing sustainability challenges cannot be overstated. From optimising renewable energy systems to discovering new carbon capture materials and revolutionising battery chemistry, quantum breakthroughs offer pathways to climate solutions at unprecedented speed and scale—exactly the kind of transformative technology we need to celebrate today as we reflect on our collective responsibility to protect our planet.
This is precisely the type of strategic collaboration needed to transform quantum computing from theoretical promise to commercial reality. Well done, Riverlane team on this impressive milestone and recognition!
Read more HERE.