Quantum Computer Software Startup QC-Ware Raises 25 Million

OAKLAND, Calif. Sept 29 (Reuters) – QC Ware, a quantum computer software startup based in Silicon Valley with high profile customers like Goldman Sachs Group, Inc, said on Wednesday it raised $25 million.

The funding round was led by Koch Disruptive Technologies, an investment arm of Koch Industries, and Covestro AG (1COV.DE), a chemical firm in Germany.

Researchers believe quantum computers could operate millions of times faster than today’s advanced supercomputers, potentially making possible tasks such as mapping complex molecular structures and chemical reactions to boosting the power of artificial intelligence.

While there is some debate about when quantum computers will be able to crack real world problems, many companies are dedicating resources to ensure they are ready, bringing revenue to startups like QC Ware, said CEO Matt Johnson.

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