(APNews) Quantum computing startup Zapata Computing announced it has raised $21 million in Series A financing. Led by Comcast Ventures and Prelude Ventures, the round includes participation from new and existing investors Pitango Ventures, BASF Venture Capital, Robert Bosch Venture Capital, Pillar VC, and The Engine.
Since spinning out of Harvard University in 2017, Zapata has rapidly become an established player in quantum computing with an exceptional team of scientists. Zapata has emerged as a leading enterprise technology company focused on developing a powerful software platform and quantum algorithms to enable the next generation of discoveries — for a wide range of industries including chemistry, pharmaceuticals, logistics, finance and materials — on quantum computers.
“For our Series A, we looked specifically for world-class investors who bring a global reach and a depth of experience in enterprise software and applications,” said Christopher Savoie, CEO and cofounder of Zapata. “The success of Zapata’s quantum software platform in delivering real world advances in computational power for applications — particularly in chemistry, machine learning, and optimization — has sparked an enormous demand from Fortune 100 and Global 1000 enterprises worldwide. The new financing will power our expansion strategy, enabling us to accelerate product development and expand our business into new markets and regions.”