The gist of it
With this investment, Strangeworks expanded its core team by 40% in Q4 2022 and will be able to offer a wider range of technologies beyond quantum computing, including quantum-inspired, high-performance computing, and artificial intelligence. This allows Strangeworks to provide immediate business value to enterprises while helping them prepare for an ever-changing computing landscape.
"Today's announcement represents a significant milestone for Strangeworks," said founder and CEO, whurley. "Five years ago, I took the stage at SXSW for our first quantum computing keynote. Since that day this team has stayed focused on our core mission, continuously outpacing industry expectations while diligently managing capital. Raising the Series A from these exceptional investors in this challenging economic climate sends a clear message to the market on where enterprise companies are placing their bets in the race to create quantum value."
”Hitachi identified quantum computing as a key technology to advance society and develop its own quantum technologies and quantum-inspired solutions. Quantum computing has the potential to help solve some of the world's most pressing problems, from fighting climate change to curing fatal diseases that require far greater computational power than is currently available in classical computers. The Strangeworks platform removes barriers to access quantum and quantum-inspired solutions creating customer value already today,” notes Dr. Norihiro Suzuki, CTO of Hitachi, Ltd. ”Strangeworks allows simple and fast deployment of quantum resources, so customers can focus on the development of business applications. The overwhelming customer interest proves that need,” adds Tobias Jahn, Partner at Hitachi Ventures.
“Our investment in Strangeworks is well aligned to our mission of solving our customers' most complex challenges,” said Dan Ateya, president and managing director at RTX Ventures, the corporate venture capital arm of Raytheon Technologies. “We believe Strangeworks’ platform and their ability to make quantum and high-performance computing more accessible can support a wide range of applications in the aerospace, defense, and commercial sectors.”
“Quantum computing is here, but exploiting its advantages requires rare know-how and lots of capital”, said Ray Lane, Managing Partner of Greatpoint Ventures. “Strangeworks democratizes quantum computing by opening proprietary platforms to consumption-based usage, this is how large tech markets are unleashed”.
The Strangeworks ecosystem is available to everyone today, having passed beta testing by select enterprises in 2022. To learn more, or to get started, visit https://strangeworks.com