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Singapore’s ENTROPICA Labs Raises S$2.6M ($1.8M USD) in Funding

By IQT News posted 12 May 2020

(BusinessTimes.Singapore) ENTROPICA Labs, a Singapore-based startup that builds quantum computing software solutions, has raised S$2.6 million in seed funding led by deep tech investor Elev8.
Other investors in the round included government-owned deep tech investor SGInnovate, early-stage enterprise and deep tech venture capital (VC) firm Wavemaker Partners, Japanese software enterprise group TIS Inc, and talent investor Entrepreneur First.
Family-owned heritage business Lim Teck Lee Group, chaired by Razer-backer Lim Kaling, and VC firm V1 Capital, a main investor of Entropica’s partner, US-based quantum computing startup Rigetti Computing, also participated in the round.
The funding will enable Entropica to expand its technical team and continue the development of its proprietary software architectures. It will also give the company greater access to a growing number of quantum computing systems.

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