Fast-growing Swedish cloud communication services provider Sinch said on Wednesday it had agreed to buy mobile messaging solutions company MessageMedia in a deal that values the company at $1.3 billion.
Confluent Inc, a real-time event streaming platform, on Tuesday made public its plans for a stock market flotation, in what has been a busy year for new issues in the United States.
Israeli work management company monday.com is aiming for a valuation of more than $6 billion in its U.S. initial public offering, according to a regulatory filing on Tuesday.
By Reuters Staff
2 Min Read
BERLIN (Reuters) - Germany will spend about 2 billion euros ($2.4 billion) to support the development of its first quantum computer and related technologies in the next four years, the economy and science ministries said on Tuesday.
FILE PHOTO: German Economy Minister Peter Altmaier addresses a news conference in Berlin, Germany, April 27, 2021. John Macdougall/Pool via REUTERS
The science ministry will spend 1.1 billion euros by 2025 to support research and development in quantum computing, which uses the phenomena of quantum mechanics to deliver a leap forward in computation.
The economy ministry will spend 878 million euros backing practical applications.