An early investor in Google, Uber and Snapchat has backed a UK-based quantum computing startup in one of the largest funding rounds the emerging industry has ever seen. Cambridge Quantum Computing Limited (CQCL) will receive up to $50m (£32m) over the next three years from Grupo Arcano, a global investor founded by Alberto Chang Rajii.
"We are excited and very pleased to become investors into Cambridge Quantum Computing," Grupo Arcano stated. "In agreeing to invest up to $50m in the course of the next two to three years, we will be supporting cutting edge development in a sector that has the potential for real global impact."
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