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Sequoia Capital India Leads Funding Round for Singapore-Based Horizon Quantum Computing

By IQT News posted 23 Jun 2020

(TechAsia) Singapore-based Horizon Quantum Computing has just raised an undisclosed amount of funding in a round led by Sequoia Capital India, bringing its total seed money to US$3.2 million.
Existing investors SGInnovate, Abies Ventures, Data Collective, Qubit Protocol, Summer Capital, and Posa CV also participated in the round.
Founded in 2018, Horizon is developing tools so that programs designed for conventional computers can be automatically adapted for quantum processors.
“As hardware development continues to advance, learning to harness the power of quantum processors for business applications will become the main barrier to adoption,” Horizon CEO Joe Fitzsimons said. “We are tackling this problem head-on by developing methods to automatically accelerate conventional computer programs using quantum techniques.”
“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,” Si-Hui Tan, chief science officer at Horizon, explained.

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