About Riverlane
Riverlane is a company based in Cambridge (United Kingdom) founded in 2017 by Steve Brierley. Riverlane has raised $118.41 million across 9 funding rounds from investors including Altair, Gov.uk and British Business Bank. The company has 70 employees as of January 31, 2022. Riverlane operates in a competitive market with competitors including BlueQubit, Qedma, Qruise, Fermioniq and Aqintel, among others.
- Headquarter Cambridge, United Kingdom
- Employees 70 as on 31 Jan, 2022
- Founders Steve Brierley
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Riverlane Ltd
- Date of Incorporation 04 Jul, 2016
- Jurisdiction CAMBRIDGE, CAMBRIDGESHIRE, UNITED KINGDOM
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$118.41 M (USD)
in 9 rounds
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Latest Funding Round
$75 M (USD), Series C
Aug 06, 2024
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Investors
Altair
& 12 more
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Employee Count
70
as on Jan 31, 2022
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People of Riverlane
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Funding Insights of Riverlane
Riverlane has successfully raised a total of $118.41M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $75 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Riverlane
Riverlane has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Altair, Gov.uk and British Business Bank.
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Venture capital fund focused on healthcare, energy, and multiple sectors
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Early-stage investments in tech and energy sectors are targeted.
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Government-backed investments are directed toward healthcare, fintech, and various sectors.
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Investor details for Riverlane
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Investments & Acquisitions by Riverlane
Investment portfolio details for Riverlane
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Financial Statements - Riverlane
Detailed financials for Riverlane
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Riverlane Comparisons
Peer comparison for Riverlane
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Competitors of Riverlane
Riverlane operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BlueQubit, Qedma, Qruise, Fermioniq and Aqintel, among others.
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AI-based quantum computing software solutions are developed for specialized applications.
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Software products for quantum computation performance are provided by Qedma.
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Provider of machine learning tools and software components for quantum solutions
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Operating software for quantum computers is developed.
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Developer of computer software designed for quantum-mechanism
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Detailed competitors of Riverlane
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Latest news on Riverlane
Complete news archive for Riverlane
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Frequently Asked Questions about Riverlane
Riverlane was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Riverlane is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Steve Brierley is the current CEO of Riverlane. They have also founded this company.
Riverlane is a funded company, having raised a total of $118.41M across 9 funding rounds to date.
As of Jan 31, 2022, the latest employee count at Riverlane is 70.
Riverlane was founded in 2017 in Cambridge, United Kingdom, to develop software for quantum computers. Computing elements in the stack are rendered accessible, akin to CPUs, FPGAs, and qubits. Quantum error correction is supported, alongside tools for measurement strategies, noise models, and algorithms. The company operates within the quantum computing sector, focusing on foundational software layers for hardware integration.
Riverlane has 13 investors. Key investors include Altair, Gov.uk, British Business Bank, European Commission, and University of Cambridge.
The valuation of Riverlane is $62.09M as of Jan 2021.