Horizon Quantum Founder and CEO Joe Fitzsimons
Singapore-based Horizon Quantum Computing has secured US$18.1 million in a Series A investment from Sequoia Capital India, Tencent, SGInnovate, Pappas Capital and Expeditions Fund.
The investment will allow the startup to strengthen its science and engineering teams to accelerate product development, establish its new engineering centre in Europe, and bring its technology to the market.
This round takes Horizon Quantum’s total funding to approximately US$21.3 million.
Quantum computing faces two main challenges to widespread adoption: developing hardware capable of supporting quantum computation at scale and creating software tools that allow programmers to harness this hardware to solve real-world problems.
Horizon Quantum Computing is focused on the second challenge.
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Founded in 2018 by CEO Joe Fitzsimons, Horizon Quantum develops a new generation of programming tools to simplify and expedite software development for quantum computers. By removing the need for prior quantum computing experience to develop applications for quantum hardware, Horizon’s tools will make the power of quantum computing accessible to every software developer.
“Quantum computing has the potential to change how we think about computing completely,” said Fitzsimons. “While getting to large-scale quantum computing is a daunting challenge, it is undeniable that progress towards that goal is being made.”
“At Horizon, we focus on unlocking the power of future quantum computers and have made significant headway towards our goal of enabling conventional software developers to take advantage of the technology through abstraction and automated algorithm synthesis. The new investment will support our effort to break through the barriers to useful quantum computation,” he added.
Last year, Horizon Quantum joined Singapore’s National Quantum-Safe Network and recently saw its node’s first data transmission. It has also recently announced that it is opening its first European offices in Ireland, where it is building out its new engineering centre.
The company recruits a software engineering team in Dublin to boost worldwide operations.
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