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Enterprise Quantum Firm Funded to Create Software ApplicationsEnterprise Quantum Firm Funded to Create Software Applications

QC Ware gets $1.5M for deep learning, finance software APIs

Berenice Baker, Editor, Enter Quantum, co-editor AI Business

April 19, 2022

1 Min Read
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QC Ware has received funding to develop APIsQC Ware

At a Glance

Investment bank Bpifrance is funding U.S.-based enterprise quantum software and services company QC Ware $1.5 million to support the adoption of quantum computing.

Some of the funding will be used to develop two new quantum software application programming interfaces (API) for deep learning and finance. An API lets two computing applications exchange data in a readable way. The APIs are to be integrated into QC Ware's Forge quantum-as-a-service platform.

The remaining money is aimed at hiring 10 new employees for QC Ware's Paris office over the next three years, supporting Europe’s growing quantum ecosystem.

“Quantum computing promises to revolutionize the future of information technology,” said Iordanis Kerenidis, head of quantum algorithms at QC Ware. “With this new funding, we plan to continue growing the quantum software ecosystem and fuel our mission to help companies around the world prepare for the upcoming quantum disruption.”

QC Ware is working with Aisin Group, Airbus, the U.S. Air Force Research Laboratory, BMW Group, Equinor, Goldman Sachs and Total to design practical algorithms to be performed on emerging quantum computing hardware.

The company is partnering on algorithms that support chemistry simulations, materials discovery and drug design to work on near-term quantum computing hardware.

About the Author

Berenice Baker

Editor, Enter Quantum, co-editor AI Business, Informa TechTarget

Berenice is the editor of Enter Quantum and co-editor of AI Business. She has over 20 years of experience as a technology journalist, having previously worked at The Engineer and Global Defence Technology.

Before that, she worked as an IT consultant, fuelling her passion for technology and innovation. She graduated with one of the country's first-ever IT degrees so long ago it coincided with Tim Berners-Lee inventing the World Wide Web.

Berenice lives in north London with her cat Huxley. In her spare time, she enjoys going to music gigs, museums and galleries, dabbling in art and playing guitar (badly).

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