Sequoia Capital India Led Extension of Seed Funding for Horizon Quantum Computing
(VCCircle) Sequoia Capital India led the extension of the seed funding round for Horizon Quantum Computing, which is focused on developing programming tools for quantum computers.
The investment is the latest bet on a startup in the Southeast Asia region for Sequoia’s India-based arm, which also operates an accelerator programme, Surge.
Existing backers also include SGInnovate, Abies Ventures, DCVC, Qubit Protocol, Summer Capital and Posa CV also participated in the round, Horizon Quantum said in a statement.
Sequoia Capital India has invested in several companies in Thailand, Singapore and Indonesia since 2012. These include Indonesia’s Go-Jek, Tokopedia and point-of-sale software provider Moka, Singapore-based data analytics startup Nugit and health-tech startup Biofourmis Singapore Pte. Ltd.
Some of Sequoia India’s domestic portfolio companies include Awfis, 1mg, education-technology firm Byju’s, DailyHunt, Meesho and Razorpay.
In recent months, its bets through accelerator Surge have increased. In March, Surge led a $4 million (around Rs 29.24 crore) pre-Series A funding round in Trell Experiences Pvt. Ltd, which runs a lifestyle community commerce platform.