Danish quantum software startup Kvantify has secured €10 Million ($10.8M USD) in seed funding in a round led by Danish VC Dreamcraft and biotech investor Lundbeckfonden BioCapita. Other participants in the funding in include Redstone VC, 2xN, and EIFO. Kvantify is a quantum software startup focusing on life science applications for such problems as drug discovery. They are developing quantum algorithms for chemical simulations which are very useful for the life sciences applications as well as applications in other industries. The amount of this funding is a little bit larger than most seed rounds. The company will be using the funds to accelerate the development and growth of their technology and to bring the solutions to market. A press release announcing this funding has been posted on the company’s website here.
July 3, 2024
