Quantum Machines has raised $170 million in series C funding, one of the largest rounds of funding in the quantum industry.

Microsoft says it has developed a breakthrough quantum processor based on a new state of matter, giving it a clear path to achieve quantum computing’s long-term promise of solving some of the world’s most difficult problems.

Majorana 1 introduces topological qubits with built-in error protection, improving quantum computing’s stability and scalability.