Horizon Quantum Computing Receives $18.1 Million USD in Series A Funding – Quantum Computing Report
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Horizon Quantum Computing is a Singapore based quantum software company that is developing software to allow users take programs written in a classical computer language and compile and convert them to run them efficiently on a quantum computer. They have a very unique goal to enable a much larger user base gain the performance advantages of quantum without having to learn quantum mechanics or a new programming language. The investors in this round include Sequoia Capital India, Tencent, SGInnovate, Pappas Capital and Expeditions Fund. This funding brings the total amount of capital raised to $21.3 million including the previous Seed and Seed+ rounds. The funds will be used to staff up a new engineering center in Dublin, Ireland as well as to launch an early access program for its software scheduled for later this year. Additional information about the funding is available in a press release posted on the Horizon website here. In addition, a nice presentation made at Q2B by CEO Joe Fitzsimons that provides additional technical details about their approach has been posted on YouTube here.
March 31, 2023
2023-03-31T13:10:15-07:00
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