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
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Net Profit
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EBITDA
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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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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.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series C — $75.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series C - Riverlane | Valuation | Planet First Partners | |
| May, 2024 | Amount | Grant - Riverlane | Valuation |
investors |
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| Apr, 2023 | Amount | Series B - Riverlane | Valuation | Molten Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on healthcare, energy, and multiple sectors
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Founded Year | Domain | Location | |
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Early-stage investments in tech and energy sectors are targeted.
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Founded Year | Domain | Location | |
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Government-backed investments are directed toward healthcare, fintech, and various sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Riverlane
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Riverlane
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Riverlane Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based quantum computing software solutions are developed for specialized applications.
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| domain | founded_year | HQ Location |
Software products for quantum computation performance are provided by Qedma.
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| domain | founded_year | HQ Location |
Provider of machine learning tools and software components for quantum solutions
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| domain | founded_year | HQ Location |
Operating software for quantum computers is developed.
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| domain | founded_year | HQ Location |
Developer of computer software designed for quantum-mechanism
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Riverlane
Frequently Asked Questions about Riverlane
When was Riverlane founded?
Riverlane was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Riverlane located?
Riverlane is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Who is the current CEO of Riverlane?
Steve Brierley is the current CEO of Riverlane. They have also founded this company.
Is Riverlane a funded company?
Riverlane is a funded company, having raised a total of $118.41M across 9 funding rounds to date. The company's 1st funding round was a Series B of $18.66M, raised on Aug 15, 2018.
How many employees does Riverlane have?
As of Jan 31, 2022, the latest employee count at Riverlane is 70.
What does Riverlane do?
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.
Who are the top competitors of Riverlane?
Who are Riverlane's investors?
Riverlane has 13 investors. Key investors include Altair, Gov.uk, British Business Bank, European Commission, and University of Cambridge.
What is Riverlane's valuation?
The valuation of Riverlane is $62.09M as of Jan 2021.