Horizon Quantum Raises $3.2 Million for Quantum Software Development Tools

(TechCrunch) Horizon Quantum is one of a group of new startups that focus on building new tools for building software for quantum computers. The Singapore-based company, which is hardware-agnostic but also launched a close partnership with Rigetti Computing in 2018, today announced that it has raised a $3.23 million funding round led by Sequoia Capital India. Previous investors SGInnovate, Abies Ventures, DCVC, Qubit Protocol, Summer Capital and Posa CV also participated.
Because there is very little about quantum computing that is intuitive, the company argues, it will take a new set of tools to help today’s developers tackle quantum. What makes Horizon unique is that it takes conventional source code and then automatically analyzes that to figure out where a quantum computer could speed up an algorithm.
“What makes our approach unique is that we construct quantum algorithms directly from conventional source code, automatically identifying places where it can be sped up,” explained Si-Hui Tan, the chief science officer at Horizon Quantum.