Insider Brief
- Quantum software company Entropica Labs raised US$4.7 million in a Series A funding.
- Italian Deep Tech venture capital firm Liftt and existing investor Wavemaker Partners led the round.
- Critical Quote: “This funding is a big step forward for Entropica, giving us even more momentum to realise our mission of providing practical error correction and fault-tolerance software solutions to the quantum industry.” — Tommaso Demarie, Entropica Labs co-founder and CEO.
PRESS RELEASE — Entropica Labs, a quantum software company building development tools for error correction and fault tolerance, has raised US$4.7 million in a Series A funding round led by Italian Deep Tech venture capital firm Liftt and existing investor Wavemaker Partners. Additional investors include SEEDS Capital, the investment arm of Enterprise Singapore; California-based CerraCap Ventures; SUTD Ventures; and previous seed investors, Elev8 VC.
Quantum computers can potentially solve problems that remain intractable for even the most powerful conventional supercomputers. However, quantum computers are prone to errors, which can accumulate and erode these potential speed-ups. Drawing on years of hands-on research across multiple quantum computing modalities and platforms, Entropica Labs is tackling this fundamental challenge by building software development tools that empower users to design fault-tolerant versions of quantum circuits and algorithms.
“As hardware companies continue to unveil bigger and more advanced quantum computing systems, with some crossing significant computational thresholds, the need for sophisticated error correction schemes has never been greater. Years of working with real quantum systems have provided our Team with invaluable experience and insights into what’s needed to make quantum computers useful,” said Tommaso Demarie, Entropica Labs co-founder and CEO. “This funding is a big step forward for Entropica, giving us even more momentum to realise our mission of providing practical error correction and fault-tolerance software solutions to the quantum industry.”
The fresh capital will be channelled into expanding the team, welcoming complementary expertise in quantum error correction, software engineering and computing architectures to fast-track software development. Entropica will also continue leveraging existing and future strategic partnerships with leading quantum hardware providers to enable rigorous testing of Entropica’s products on real quantum hardware.
“Entropica has shown impressive operational efficiency with a small but highly talented Team,” said Pierluigi Freni, Project Manager at Liftt, a first-time investor in the Company. “This is particularly compelling, given the complexity of their field and the competition for talents. This funding enables them to focus on solving the urgent challenges in quantum computing, staying both realistic and ambitious.”
Paul Santos, Managing Partner at Wavemaker Partners, which also supported Entropica in its Seed funding round, said, “We’re always looking to invest in quantum opportunities because it’s simply a matter of time before enterprise and government use cases become feasible. Despite massive funding raised in the industry, we can see that there is still enormous room to grow in terms of software development.”
“We need to make sure that quantum developers and users have the tools they need to take full advantage of quantum computers, and Entropica is building those tools. By investing in Entropica, we hope to empower the next generation of quantum developers and engineers.”
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