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Latest Stories and News
- 3 months ago
- Gabi Insurance has raised $27 million in funding to disrupt insurance brokers and get you better rates for car, homeowner’s, or renter’s insurance. It is also moving into businesses, where it can automate paperwork.
- The San Francisco company automates insurance shopping and provides more visibility into insurance rates, allowing people to compare all the major insurance companies’ rates and instantly get a quote. And it does so without forcing you to go to multiple websites and fill out a bunch of forms.
- Mubadala Capital, the asset management arm of Mubadala Investment, led the round. Existing investors Canvas Ventures, Northwestern Mutual Future Ventures, Correlation Ventures, Securian Ventures, A.Capital Ventures, and Project A also participated in the round. New investors to the round include CMFG Ventures, Burst Capital, and AngelList.
- 7 months ago
Samsung and a sovereign wealth fund of the United Arab Emirates are leading a new $55 million funding round for IonQ, a startup that uses "trapped ions," or charged particles suspended in a vacuum, as the basis for its hardware.
IonQ's approach holds promise as a possible path toward achieving a so-called general-purpose quantum computer, a still-unrealized machine that is expected to yield tremendous scientific and business breakthroughs, such as new medicines and materials, in the years to come.
The trapped ion approach is a leading alternative in the nascent quantum computing field to using superconducting "qubits," a route taken by Google, IBM, and startups such as Rigetti Computing. Instead of relying on suspended ions manipulated by lasers, the superconducting technique involves chilling specially designed semiconductors to extremely low temperatures.