Quantum computing has been around since the early 1980s when physicist Paul Benioff proposed a quantum mechanical model of the Turing machine. Unlike the conventional computers that store information using bits represented by 0s or 1s, quantum computers use quantum bits, or qubits, to encode information as 0s, 1s, or both at the same time. However, many companies have not been able to tap into the potential of quantum computing, until now.
Enter QC Ware, a Silicon Valley-based quantum computer tech software startup that is bringing quantum computing power to the enterprise. QC Ware develops hardware-agnostic enterprise software solutions for quantum computers. The startup’s quantum computing software helps solve problems in combinatorial optimization and machine learning with efficiency unmatched by traditional high-performance computing (HPC) solutions.
Today, QC Ware announced it has raised $25 million led by Koch Disruptive Technologies, an investment arm of Koch Industries, and Covestro AG (1COV.DE), a chemical firm in Germany. Other backers include high-profile customers like Goldman Sachs Group.