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Jij Raises 200 Million Yen Toward Using Quantum Annealing to Solve Problems, Create ‘Smart Cities’

Jij Inc. has announced that it has closed a 200 million yen — or about $1,885,270 U.S. — in a series A round.

Jij Inc., a leading company that provides quantum annealing technology, has announced today that it has closed a 200 million yen — or about $1,885,270 U.S. — series A round from three VCs based in Japan: Anri, Deepcore and Mirai Souzou, according to a company news release.

Jij utilizes state-of-the-art hardware and research methods, including Ising machines and quantum annealing, for developing technologies to solve industrial problems that are difficult to deal with conventional computational methods. This procurement accelerates the development of Jij-Cloud, an enterprise optimization cloud-based middleware to realize smart cities.

Jij is a research and development startup founded by world-class quantum annealing researchers through START (Japan Science and Technology Agency) program that helps create new industries.

According to the company release, the recent technological developments of the Internet and AI have made it possible to predict human behavior patterns, and new services are being created to meet the mobility needs and fluctuations in energy supply and demand that may arise from them. On the other hand, it is not easy with the conventional method to perform the calculation that makes the best judgment among the expected data and constraints that have become enormous in quality and quantity.

To solve such “difficult problems”, Jij is conducting practical research on combinatorial optimization using Ising machine algorithms based on quantum technology.

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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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