The tech investment company reported a quarterly loss, partly due to the weakness in its technology funds business, as it geared up for the Stargate project.

Japan's SoftBank Group booked a surprise $2.4 billion quarterly loss on Wednesday, hit by a decline in the value of e-commerce platform Coupang and other tech companies held by its Vision Fund investment arm.

SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.

QuEra Computing, a Boston-based quantum computing company, has raised $230 million in a round led by Google (GOOGL) and SoftBank (SFTBF) ’s Vision Fund 2 to develop “fault-tolerant” quantum computers, designed to overcome the computational errors that have long hindered real-world quantum applications.

Google and SoftBank’s Vision Fund are new investors in QuEra Computing Inc., participating in a $230 million funding round for the Boston-based startup, which aims to make quantum computing more practical.

QuEra Computing said on Tuesday the neutral-atom quantum firm has completed a funding round in excess of $230 million, with investment from Google's Quantum AI business unit and SoftBank Vision Fund,