Singapore’s Horizon Quantum raises $3.2mn in round led by Sequoia India
Horizon Quantum will use the funds for accelerating the development of its technology and engage with early adopters and customers to strengthen its team.
Singapore based Horizon Quantum Computing raised a $3.23 million funding round led by Sequoia Capital India. Existing investors SGInnovate, Abies Ventures, DCVC, Qubit Protocol, Summer Capital and Posa CV also participated in the round.
The investment is the latest bet on a start-up in the Southeast Asia region for Sequoia India.
The company will use the funds for accelerating the development of its technology and engage with early adopters and customers to strengthen its team.
At its core, Horizon Quantum aims to democratise quantum development. The company says its approach is hardware agnostic, and that its tools allow developers to build their software in conventional programming languages, which will be converted to quantum mechanics through its platform.
Joe Fitzsimmons, CEO, Horizon Quantum, said: “As hardware development continues to advance, learning to harness the power of quantum processors for business applications will become the main barrier to adoption.”