US and Ukrainian-based Haiqu, a startup building software to enhance the performance of quantum processors, announced that it has raised $4M in a pre-seed round of funding.
The round was led by MaC Venture Capital with participation from Toyota Ventures, SOMA Capital, and a group of Ukrainian firms u.ventures, SID Venture Partners, and Roosh Ventures.
Haiqu says it will use the funds to fuel its R&D activities and forge strategic partnerships in order to get its product to the market.
Haiqu was founded in 2022 by Richard Givhan, a Stanford alumnus and former EIR at Mitsubishi Electric, and Mykola Maksymenko, a former researcher at the Max Planck Society and the Weizmann Institute of Science and head of R&D at global consultancy SoftServe.
It aims to create tools that will improve the efficiency of current quantum hardware.
The startup solves the fundamental hurdles preventing quantum application adoption: a limited number of qubits and the high noise sensitivity of near-term quantum computers.
Haiqu creates platform-independent technology that increases quantum hardware capacity by orders of magnitude and allows a larger set of practical use cases in finance, chemistry, life sciences, mobility, and other fields.
Read more on Tech Gist Africa:
Luxembourg’s salon management software Salonkee raises €28M
OpenAI’s Sam Altman backs Cambridge-based Uncommon in $30M round
