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Quantum computing company Xanadu has secured up to ten million dollars in additional funding from DARPA to push forward its photonic quantum computing research. The continued government backing signals real confidence in Xanadu's roadmap toward fault-tolerant, utility-scale systems — a milestone the industry has been chasing for years.
Shifting to the business of tech, Teamshares has retired a one hundred fifty million dollar legacy credit facility, replacing it with a new one hundred thirty million dollar term loan set to mature in the fourth quarter of twenty thirty. The New York-based company, which acquires small and mid-sized businesses through a tech-enabled model, used a combination of the new loan and cash on hand to close out the old debt.
And in a story that says as much about the games industry as it does about one studio's persistence, the makers of Outlast have revealed that no major publisher would back them — with some preferring to spread fifty thousand dollars across ten mobile titles rather than bet on a single horror game. Red Barrels turned to public investment programs and personal savings instead, and built one of the genre's most enduring franchises.
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