QunaSys, a Tokyo-based quantum computing software and algorithms developer, has successfully raised JPY 1.7 billion ($11.2 million USD ) in its Series B2 funding round, led by the Mirai Creation Fund III managed by SPARX Asset Management. The funding round also saw participation from other notable investors including JIC Venture Growth Investments, Fujitsu Ventures, and Mitsubishi Electric. In addition to the funding, QunaSys has secured a JPY 500 million ($3.3 million USD) commitment line with Sumitomo Mitsui Banking Corporation, further enhancing its financial backing for future growth.
Since its founding, QunaSys has made significant strides in the quantum computing sector, developing innovative algorithms for industrial applications, particularly in quantum chemistry. The company has collaborated with major firms like Fujitsu and Mitsubishi Electric, leading to advancements in practical applications such as quantum phase estimation for modal analysis. Moreover, QunaSys has launched several tools, including the QURI Parts library and the QURI SDK, aimed at facilitating research and development in anticipation of fault-tolerant quantum computing.
Looking ahead, QunaSys plans to leverage the new funding to accelerate its expansion efforts both in Japan and internationally. The company is committed to developing foundational technologies that maximize the potential of quantum computing, aligning with the growing interest in practical applications in the field as evidenced by its recent recognition in Japan’s Photonics and Quantum Leap Flagship Program.
For additional information, refer to the QunaSys’s press release here.
November 4, 2024
