Horizon Quantum
Horizon Quantum raised USD 18.1 million in a Series A funding round in March 2023 and is developing a compiler to construct quantum algorithms from classical code.
Funding and Investment
Horizon Quantum raised USD 18.1 million in a Series A funding round in March 2023. This funding will support their ongoing initiatives in quantum computing, including the development of their compiler and hardware integrations. The investment marks a significant step in the company's growth and ability to innovate within the quantum computing sector.
Product Development
Horizon Quantum is developing a compiler that automatically constructs quantum algorithms from classical code. This innovative tool bridges the gap between classical computing and quantum computing, enabling more efficient and accessible quantum algorithm development. The compiler is an integral part of their software stack, Triple Alpha, which aims to streamline the utilization of quantum computational resources.
Quantum Computing Hardware Testbed
The company is establishing a first-of-a-kind hardware testbed in Singapore. This facility will integrate quantum computing hardware with Horizon Quantum's software stack, Triple Alpha. The testbed will provide a unique environment for testing and optimizing quantum hardware, facilitating advancements in the practical application of quantum technologies.
Partnership with Rigetti Computing
Horizon Quantum is a part of the Novera™ QPU Partner Program with Rigetti Computing. This partnership focuses on enhancing quantum processing unit (QPU) capabilities, fostering collaborative development of quantum technologies, and pushing the boundaries of what is possible in quantum computing.
Global Expansion
Horizon Quantum plans to open a European office in Dublin, Ireland. This expansion will help the company tap into the European market, facilitating closer collaboration with European partners and stakeholders. The Dublin office will serve as a strategic location for Horizon Quantum's growth and influence in the quantum computing industry across Europe.
National Quantum-Safe Network Participation
Horizon Quantum is participating in Singapore's National Quantum-Safe Network. This initiative aims to develop and deploy quantum-safe communication technologies to secure the nation's digital infrastructure. Horizon Quantum's involvement underscores its commitment to advancing quantum security solutions and contributing to national and global efforts in quantum-safe cryptography.