Haiqu, a startup building software to enhance the performance of quantum processors, has raised a $4 million financing round led by MaC Venture Capital, with participation from Toyota Ventures, SOMA capital, u.ventures, SID Venture Partners, and Roosh Ventures.
The round also included private contributions from Paul Holland, Alexi Kirilenko, and Gordy Holterman.
“We are accelerating the timeline to practical quantum computing by developing novel software that can extract value out of clumsy near-term quantum hardware, enabling quantum applications that were previously impossible,” said Richard Givhan, co-founder and CEO at Haiqu.
The investment will drive the company’s research and development efforts and the establishment of strategic partnerships to bring their product to market.
