River Lane Research Ltd.
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River Lane Research Ltd. - overview
Established
2016
Location
Cambridge, -, UK
Primary Industry
Software
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.
Current Investors
Amadeus Capital Partners, Cambridge Enterprise, Cambridge Innovation Capital
Primary Industry
Software
Sub Industries
Computer & Related Peripherals, Analytics & Performance Software
Website
www.riverlane.com/
Verticals
Cloud Computing
Company Stage
Series C
Total Amount Raised
Subscriber access only
River Lane Research Ltd. - timeline of key events
River Lane Research Ltd. - financials
| Fiscal Year Ended | Dec 31, 2023 | Dec 31, 2024 |
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| Revenue (USD) | - | - |
| % Revenue Growth (YoY) | - | - |
| EBITDA (USD) | - | - |
| Operating Income (USD) | - | - |
| Operating Margin | - | - |
| % EBITDA Margin | - | - |
| NET Income (USD) | - | - |
| % Net Margin | - | - |
River Lane Research Ltd. - employee data
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