Sunday, May 3, 2020

Terra Quantum, a Switzerland-based startup developing algorithms for quantum computing, has raised a ~€10M round at a valuation of around €50M (Annie Musgrove/Tech.eu)

Annie Musgrove / Tech.eu:
Terra Quantum, a Switzerland-based startup developing algorithms for quantum computing, has raised a ~€10M round at a valuation of around €50M  —  Swiss quantum technology company Terra Quantum has raised about €10 million, with a company valuation at around €50 million.



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Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...