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Quantum computing firm bags $17m more in funding
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Written by Danrok   
Saturday, 02 February 2008 10:28

From The Register:

D-Wave Systems has attracted a lot of criticism from computer scientists over claims it has developed a way to create a marketable quantum computer. But whether its technology will ever be viable outside of a laboratory setting or not, investors seem to be eating it up.

The company announced this week that it received $17m in a third round of venture capital funding. International Investment and Underwriting (IIU) of Dublin led the round with added support from existing investors. Vancouver-based D-Wave had already raised more than $40 million in venture funding.

To date, quantum computers have been relegated to mere scientific curiosity. They are massive, complicated, expensive and unproven machines that few computer scientists want to tackle. In addition, in order to obtain the quantum effects, the machines must maintain near-complete isolation from the outside world.

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