# River Lane Research

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/river-lane-research

- Industry: Software
- Headquarters: Cambridge, UK
- Website: www.riverlane.com/
- Total disclosed funding: $119M
- Latest round: Series C (Aug 6, 2024)
- Investors on record: 10

## About

River Lane Research Ltd., based in the UK, specializes in developing quantum computing software that enhances quantum processor capabilities, addressing challenges in various fields such as pharmaceuticals, materials science, and finance.Founded in 2016 and headquartered in Cambridge, UK, River Lane Research Ltd. focuses on quantum computing innovations. The firm has completed six deals, including its most recent funding round in August 2024, where it raised USD 75 mn in Series C funding led by Planet First Partners, with participation from other investors. Steve Brierley serves as both the CEO and Founder of the company.River Lane Research Ltd. specializes in quantum computing software, particularly advanced algorithms and tools that enhance the functionality of quantum processors. Their flagship product integrates seamlessly with both existing and emerging quantum hardware to facilitate complex computations. The firm addresses challenges in pharmaceuticals, materials science, and finance sectors through innovative solutions that cater to research institutions, technology companies, and enterprises globally, particularly in North America and Europe.In 2024, River Lane Research Ltd. reported revenue of USD 4,408,075.60 with an EBITDA of USD -11,316,668.10, reflecting the financial status of the company during this recent fiscal year.In August 2024, River Lane Research Ltd. raised USD 75 mn in Series C funding, aimed at fulfilling the growing demand for Quantum Error Correction (QEC) technology globally. The funding will support the design and launch of new products in the coming years, enhancing their quantum software offerings. The company plans to expand its market presence into additional regions, targeting North America and Europe to meet increasing client needs.

## Funding rounds

- Series C, Aug 6, 2024, $75M — Amadeus Capital Partners, ETF Partners, SG Growth Capital, Altair Engineering, Inc., Cambridge Innovation Capital, Planet First Partners, National Security Strategic Investment Fund
- Series B, Mar 29, 2023, $19M — Amadeus Capital Partners, Molten Ventures, British Business Bank, Altair Engineering, Inc., Cambridge Innovation Capital
- Series A, Jan 27, 2021, $21M — Amadeus Capital Partners, Molten Ventures, Cambridge Enterprise, Cambridge Innovation Capital
- Seed, Apr 23, 2019, $4.2M — Amadeus Capital Partners, Cambridge Enterprise, Cambridge Innovation Capital

## Investors

- Amadeus Capital Partners (https://capitalatlas.ai/funds/amadeus-capital-partners) — Seed, Series A, Series B, Series C
- Cambridge Enterprise — Seed, Series A
- Cambridge Innovation Capital (https://capitalatlas.ai/funds/cambridge-innovation-capital) — Seed, Series A, Series B, Series C
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series A, Series B
- British Business Bank (https://capitalatlas.ai/funds/british-business-bank) — Series B
- Altair Engineering, Inc. — Series B, Series C
- ETF Partners (https://capitalatlas.ai/funds/etf-partners) — Series C
- SG Growth Capital (https://capitalatlas.ai/funds/sg-growth-capital) — Series C
- Planet First Partners (https://capitalatlas.ai/funds/planet-first-partners) — Series C
- National Security Strategic Investment Fund — Series C