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.

Microsoft has introduced Majorana 1, a quantum chip with a "Topological Core" architecture, potentially enabling powerful quantum computers within years instead of decades. The breakthrough stems from a newly developed material called a topoconductor,