QC Ware, a Palo Alto, Calif.-based developer of quantum algorithms running on near-term quantum computing hardware, raised $25m in Series B funding.
Koch Disruptive Technologies, an investment unit of Koch Industries, and Covestro co-led the round with participation from Samsung Ventures and returning investors Citi, the D. E. Shaw group, and Pegasus Tech Ventures. Koch Disruptive Technologies’ Navin Maharaj and Citi’s Sandeep Arora will join QC Ware’s board of directors.
The company intends to use the funds to expand the team to support the accelerated development of Forge™.
Led by Matt Johnson, CEO, QC Ware is a quantum software and services company which specializes in the development of applications for near-term quantum computing hardware. Its network of customers includes AFRL, Aisin Group, Airbus, BMW Group, Equinor, Goldman Sachs, and Total. QC Ware Forge, the company’s flagship quantum computing cloud service, is built for data scientists with no quantum computing background.
QC Ware collaborates with some of the world’s leading Fortune 500 companies and government organizations to explore and test drive quantum computing algorithms. Customers include Aisin Group, Airbus, Air Force Research Laboratory (AFRL), BMW Group, Equinor, Goldman Sachs, and Total.
The company supports its European customers through its subsidiary in Paris.
FinSMEs
30/09/2021