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Entropica Labs Lands $1.8 Million in Venture Funding

Entropica Labs
Entropica Labs
Entropica Labs receives venture capital backing for quantum technology.

Entropica Labs, a quantum computing software startup, has raised $1.8 million (Or about $2.6 million Singapore) in a seed funding round led by Elev8, a VC firm focused on deep-tech opportunities, according to a company statement.

The startup said it plans to use the new funds primarily to expand its technical team and further develop its proprietary software architectures.

The team wrote in its Medium blog: “While experience has led us to shift our application focus from our original ideas, our mission has never changed: Doing the best with quantum computers, today. We recognise it is a privilege to study, understand, and use the most advanced quantum processors available. We are now expanding our capabilities and software technology while growing Entropica’s core team in sunny Singapore, a booming hotspot for quantum technologies research and one of the world’s most captivating cities.”

The Singapore-based company develops software tools, methods, and models to lay the groundwork for bringing quantum computing into the mainstream. It currently focuses on quantum optimization and machine learning technology to help enterprise customers better understand and implement quantum computing.

Other participating investors include SGInnovate, Wavemaker Partners, Lim Teck Lee Group, Japanese software firm TIS Inc, V1 Capital, and Entrepreneur First, according to a statement.

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It was spun out of Singapore’s Center for Quantum Technologies at the National University of Singapore,

 

 

 

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

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Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

Company Speaker

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