Early Google Investor to Help Bring Quantum Computing to Markets
- Grupo Arcano invests up to $50 million in Cambridge tech firm
- Quantum computers may revolutionize financial-market modeling
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One of the original investors in Google Inc. has turned his attention to quantum computing, a technology that may unlock the secrets of the universe. Back on Earth, it could revolutionize Wall Street.
The founder of private-equity company Grupo Arcano plans to invest up to $50 million in Cambridge Quantum Computing Ltd., according to a person familiar with the company’s funding who declined to be identified, citing confidentiality. Quantum computers may be able to solve problems that are impossible using existing technology. They could transform modeling in financial markets, and lead to massive improvements in cryptography.