Here's Horizon Quantum Computing! This Singapore-based startup is taking quantum computing to new horizons faster than ever, so they've just raised an $18.1M Series A.
Investor check. Sequoia Capital India, Tencent, SGInnovate, Pappas Capital and Expeditions Fund joined in!
🔠 The ABCs on Quantum Computing
Quantum computing uses special quantum computers that can process massive amounts of data and solve problems impossible for regular computers.
Ok, so what? It can speed up training for ML models, develop new algorithms in fields like AI and even create new scientific and medical breakthroughs.
🔓 Unlocking the quantum world
Their tech allows software engineers to write regular code and compiles (aka, translates) it to let it run on quantum computers.
Want the nerdy details? It first separates, analyzes and simplifies the code. After that, it replaces the right sections with quantum-friendly functions. Lastly, it translates it into building blocks of quantum algorithms to process it into a quantum program!
🧠 The impact
Progress in quantum computing hasn't been fast enough, even if it has tons of practical applications. Here's why:
🌍 Europe, you're next!
They'll grow their science and engineering teams to speed up product development! They'll also set up their new engineering center in Europe and bring their tech to the market.
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