SINGAPORE, March 31, 2023 — Horizon Quantum Computing, a Singapore-primarily based enterprise setting up application improvement tools to unlock the likely of quantum computing hardware, introduced these days that it has raised US$18.1 million Series A financial commitment from Sequoia Capital India, Tencent, SGInnovate, Pappas Capital and Expeditions Fund.
The expense round will increase the growth of the business, allowing it to fortify its science and engineering teams to speed up product development, build its new engineering centre in Europe and bring Horizon’s special engineering to the marketplace. Horizon Quantum Computing’s total funding now stands at roughly USD 21.3 million.
“Quantum computing has the probable to completely modify how we feel about computing,” says Horizon’s CEO Dr Joe Fitzsimons. “While obtaining to significant scale quantum computing is a challenging obstacle, it is simple that development in direction of that purpose is getting manufactured. At Horizon, we concentrate on unlocking the ability of potential quantum computers, and have manufactured important headway toward our target of enabling traditional computer software builders to consider advantage of the engineering by way of abstraction and automatic algorithm synthesis. The new expense will assistance our effort to break through the boundaries to beneficial quantum computation.”
Sequoia Money India and SGInnovate, which led Horizon’s Seed+ and Seed rounds respectively, both reconfirmed help of the company’s ambition to give instruments to make programming of quantum computer systems as obtainable and successful as it is for conventional desktops right now.
“We have been bullish on the developer financial system thesis for a prolonged time,” states Pieter Kemps, Companion, Surge at Sequoia Funds India and Southeast Asia. “At the exact same time, we consider that a tectonic shift will be pushed by advancements in quantum hardware. But unlocking quantum computing for the tens of millions of developers is no tiny feat. Wouldn’t it be remarkable if any developer could develop quantum algorithms with very little to no prior quantum expertise? This is the potential that Horizon is enabling. We believe in Joe’s merchandise eyesight all over abstracting the underlying quantum physics to permit builders to build quantum software program with relieve, and we have been vastly amazed by the technological breakthroughs that the group has reached in a quick period of time.”
Quantum computing faces two major troubles to common adoption: the development of components capable of supporting quantum computation at scale and the generation of software program equipment that permit programmers to harness this components to fix real-globe issues. Horizon Quantum Computing is centered on the 2nd problem, enabling area professionals to leverage quantum computing in their most demanding computational workloads. Horizon is developing a program for quantum software enhancement that allows developers to bridge the hole between classical code and quantum accelerated apps.
Horizon has by now arrived at important milestones in its engineering enhancement, demonstrating sophisticated compilation techniques, algorithm synthesis and swift device characterization. At the Q2B convention in Silicon Valley in December 2022, Horizon demoed its integrated enhancement natural environment and introduced it would be launching an early entry software this year.
Previous 12 months, Horizon also joined Singapore’s Countrywide Quantum-Safe Community and has not too long ago witnessed the 1st information transmission from its node. Horizon’s participation in this community is a action to satisfying the company’s ambition of enabling secure and privacy-preserving obtain to cloud-primarily based quantum desktops
Horizon Quantum Computing has also not long ago declared that it is opening its to start with European places of work in Ireland in which it is setting up out its new engineering centre. The corporation is presently recruiting a computer software engineering team in Dublin to strengthen around the world operations.
About Horizon Quantum Computing
Horizon Quantum Computing is establishing a new technology of programming equipment to simplify and expedite the approach of producing software program for quantum pcs. By removing the require for prior quantum computing experience to develop applications for quantum hardware, Horizon’s resources will make the ability of quantum computing available to each application developer. The enterprise was established in 2018 by Dr. Joe Fitzsimons, an expert in the room of quantum computing purposes. Dr. Fitzsimons has about 18 a long time of encounter in quantum computing and computational complexity principle and retains a doctorate from the University of Oxford on quantum computing architectures. The leadership team also features Dr. Si-Hui Tan, Chief Science Officer, who retains a PhD in Physics from MIT and has been actively associated in quantum research for 18 decades.
Resource: Horizon Quantum Computing