QSimulate Closes a $2.5 Million Financing Round to Boost Businesses in Europe and Asia

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Insider Brief

  • Quantum Simulation Technologies, Inc. — QSimulate — announces that it has closed a $2.5M financing round led by quantum technology investment firm 2xN.
  • The financing round was led by financing round led by quantum technology investment firm 2xN.
  • Funds will support QSimulate’s quantum physics-based drug-discovery platform.
  • Image: QSimulate

PRESS RELEASE — Quantum Simulation Technologies, Inc. — QSimulate — announces that it has closed a $2.5 million financing round led by quantum technology investment firm 2xN. The other investors in this round are UTokyo IPC and Kyoto iCAP. The proceeds will support QSimulate’s rapidly expanding business centered on its quantum physics-based drug-discovery platform, QSP Life. QSP Life currently includes QUELO, QuValent, and QuantumFP, spanning small-molecule lead optimization to covalent inhibitor design, and to ultra-high-throughput molecular fingerprinting.

Powerful quantum predictions today

QSimulate uses proprietary quantum physics-based algorithms to faithfully predict answers to large-scale biological problems. QSimulate’s technology in its products, such as QUELO and QuValent, have enabled the first quantitative application of quantum mechanics to drug design, providing predictions with unprecedented fidelity, and opening up the computational study of new therapeutic classes. Through quantum-inspired representations, QSimulate’s quantum engine scales to thousands of atoms and simulates the dynamical processes that govern biological and drug interactions.

The foundation for a quantum future

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QSimulate offers a foundational technology for future quantum hardware. In a multi-year partnership with Google Quantum AI (see details in a recent Google Research blog article), QSimulate has played a key role in the development of fault-tolerant quantum computing algorithms for chemical, material, and biomolecular problems. These contributions provide a roadmap for algorithm design in the quantum future supported by the existing QSimulate technologies.

Quantum towards digital molecular discovery

QSimulate’s strategic developments position the company for the digital discovery era. Through the incorporation of physics-based AI, QSimulate’s learning models discriminate between AI truth and AI hallucinations in molecular design. In combination with QSimulate’s existing quantum simulation innovations, QSimulate is building the technology platform of the digital molecular discovery era.

Niels Nielsen, co-founder of 2xN commented: “We are thrilled to lead the funding round and forge a partnership with QSimulate. Our strategy at 2xN is to back scientists and entrepreneurs who are world leaders in their field and QSimulate is a great example of that.

QSimulate stands at the forefront of revolutionizing drug design and material science, and we’re convinced they’re only scratching the surface with their already state-of-the-art QM-based simulation methods. With quantum computing on the rise, the interplay between classical and quantum computing will define the future of computation. QSimulate is well-positioned to benefit from this, having on board both quantum and classical simulation experts. The ongoing collaborations with JSR Corporation and Google Quantum AI are a testament to QSimulate’s pioneering position in harnessing quantum mechanics for drug discovery and materials innovation, setting a new industry benchmark.

Our investment in QSimulate is not merely a fiscal alliance; it’s an expedition into a quantum-imbued future teeming with endless scientific and industrial revelations. The quantum horizon is vibrant, and with QSimulate, we’re not just gazing at it; we’re sailing towards it at full steam!”

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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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