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Horizon Quantum Computing Raises $12 Million From Tencent Holdings

Horizon Quantum Computing
Horizon Quantum Computing
Horizon Quantum Computing received $12 million in Series A funding from Tencent, according to reports.

Horizon Quantum Computing raised $12 million in Series A funding from Tencent Holdings, according to a story in Deal Street Asia. We understand that this is part of a wider funding round that is in process.

Horizon Quantum Computing is based in Singapore and led by Joseph Fitzsimons, who is CEO and a founder of the company, and chief science officer Si-Hui Tan. According to TQI, the company develops tools to simplify the process of developing quantum software applications and make quantum computing more accessible and practical.

“What we’ve been trying to do is to help automate the process of creating quantum algorithms and provide enough abstraction so that the programmer doesn’t actually need to understand the underlying computational model,” Fitzsimons said in a previous interview for The Quantum Insider.

Tencent is a multinational technology and entertainment leader and holding company based in Shenzhen, China. The company has a deep interest in quantum computing and has created its own quantum computing lab.

Horizon had previously raised $3.2m in seed-plus funding and is backed by Sequoia Capital India, SGInnovate, Abies Ventures, DCVC, Qubit Protocol and Summer Capital.

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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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