Boston-based QuEra Computing is a pioneer in the race to commercialize quantum computing. Spun out of research at Harvard and MIT, the company was founded by four leading physicists with a single goal: to build the first scalable, useful quantum computer.
The Background
QuEra’s platform uses neutral atoms and laser cooling, a cutting-edge method involving arrays of ultracold atoms suspended by laser tweezers. This architecture is widely viewed as the most promising route to fault-tolerant, large-scale quantum computing, offering high-fidelity gates and a clear path to millions of qubits.
With a strong focus on scientific integrity, practical ROI, and minimizing technological risk, QuEra is already delivering real-world value. Its 256-qubit system is available on AWS, and the company has generated revenue through multi-million-dollar system sales (including a $41M deal with Japan) and growing quantum cloud services.
The Challenge: Orchestrating a Multi-Party Deal
In early 2025, QuEra secured $230 million in financing, one of the largest private raises in the history of quantum computing. Among the participating investors were tech giants and premier financial backers: Google’s Quantum AI division, SoftBank Vision Fund 2, Valor Equity Partners, and a full slate of returning investors. Together, they signaled profound confidence in QuEra’s technological trajectory and commercial execution.
Executing this deal posed several challenges:
- A sophisticated deal structure requiring transparency ahead of a future equity event
- A dozen or more global investors, each with different diligence expectations
- Protection of sensitive IP and technical documentation
- Tight timelines, global stakeholder coordination, and regulatory scrutiny
The Solution: Firmex Virtual Data Room
To meet these demands, QuEra’s finance and legal teams turned to Firmex, a virtual data room trusted globally by over 4,200 professionals across finance, law, and tech sectors. QuEra had used Firmex during earlier interim financings. The success of those engagements gave the team the familiarity and comfort to rely on Firmex again for this landmark round. “We were happy to use Firmex to provide the due diligence material,” said Yuval Boger, chief commercial officer at QuEra Computing.
With Firmex, QuEra was able to:
- Centralize critical deal documents into a single, secure hub
- Control investor access to sensitive files at a granular level
- Track engagement and ensure compliance for every document interaction
- Collaborate internally and externally without compromising speed or security
The Results: Funding Secured, Future Accelerated
With Firmex supporting the transaction behind the scenes, QuEra executed the $230M deal with confidence, laying the foundation for its next major phase of growth.
Highlights:
- Up-round valuation, significantly higher than its previous $50M capital base
- Funding to accelerate the development of a large-scale, fault-tolerant quantum computer within 3–5 years
- Expanded capacity to deliver revenue-generating systems and services globally
- Strengthened strategic partnerships, including with AIST and others on next-gen quantum partnerships
A Reliable Partner for Visionary Ventures
QuEra’s financing wasn’t just large, it was complex, global, and strategically critical. Firmex’s virtual data room enabled the company to manage the deal efficiently, instill investor confidence, and stay focused on advancing the frontiers of technology.
For fast-growing tech companies preparing for significant capital raises, Firmex is an integral infrastructure that simplifies processes so you can focus on accelerating innovation.