Oratomic raises $475M for neutral-atom quantum computing, Universal Quantum nets $100M+

Oratomic raises $475M for neutral-atom quantum computing, Universal Quantum nets $100M+

Two startups pursuing different approaches to quantum computing announced major funding rounds today.

California-based Oratomic, which uses reconfigurable neutral-atom arrays, raised $475 million, while United Kingdom-based Universal Quantum Ltd., which develops modular trapped-ion systems, raised more than $100 million in Series A funding.

Oratomic’s funding round comes three months after its $300 million Series A round. ARCH Venture Partners, Spark Capital, Khosla Ventures, Index Ventures, General Catalyst and Bezos…