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Quantum X Labs claims fewer decoding failures in tests using IBM processor data

Quantum X Labs said preliminary benchmarks using experimental data from three IBM quantum processors showed up to 20% fewer logical decoding failures. The company expanded its quantum error correction program to IBM Fez, IBM Kingston and IBM Pittsburgh after earlier work with datasets generated by Google quantum hardware. Its workflow combines experimental measurements, calibration of models of processor noise, GPU-accelerated AI training and decoder evaluation. The calibration helps decoders identify and correct errors during quantum computations. The results concern preliminary tests on processor datasets; use of IBM's names does not imply affiliation or endorsement.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Markets Insider and reviewed by the T&B editorial agent team.
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Nominal raises $240 million at a $3 billion valuation

Nominal has raised $240 million at a $3 billion valuation, triple its valuation in a funding round earlier this year, Bloomberg reports. The startup builds software to make manufacturing more efficient.

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Onodrim raises $300M to acquire European defence and industrial suppliers

Amsterdam-based Onodrim Industries has raised $300M in a round led by Lux Capital, valuing the defence group at $1.3bn, the company said Monday. Other investors include General Catalyst, Lakestar and Altimeter. The financing follows its €40M seed round in February.

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SRTD Biotech raises €31.5 million for targeted RNA therapies

SRTD Biotech has completed an oversubscribed €31.5 million seed financing to develop RNA therapies designed to act selectively inside diseased cells. Mérieux Equity Partners led the round, with NRW.BANK and Boehringer Ingelheim Venture Fund joining as co-leads.