Strangeworks has received $24 million in a Series A investment round led by  Hitachi Ventures, with additional investors IBM, and Raytheon Technologies (RTX Ventures) and follow-on investments from seed investors Lightspeed Venture Partners, Great Point Ventures, and Ecliptic Capital. The company will be using the funds to expand its employee base as well as expanding their product efforts to additional areas including quantum-inspired, high-performance computing, and artificial intelligence. Strangeworks has formed a syndicate of over 40 companies that they partner with to provide access to a large number of quantum, quantum-inspired, and software providers. They also provide a number of managed applications of their own and other sources. Their platform allows users to access resources, integrate workflows, measure results, and control quantum resources, spend, usage, and teams. Their goal is to removes the barriers to quantum with the most complete quantum ecosystem available, so that their customers can turn what if into what is. Additional information is available in a press release posted on their website here.

March 21, 2023