{"id":30476,"date":"2020-06-23T17:20:00","date_gmt":"2020-06-23T17:20:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2613493"},"modified":"2020-06-23T17:20:00","modified_gmt":"2020-06-23T17:20:00","slug":"horizon-quantum-raises-3-23m-for-its-quantum-software-development-tools","status":"publish","type":"post","link":"http:\/\/ipsnews.net\/business\/2020\/06\/23\/horizon-quantum-raises-3-23m-for-its-quantum-software-development-tools\/","title":{"rendered":"Horizon Quantum raises $3.23M for its quantum software development tools"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"233\" height=\"24\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/06\/4001-logo-976.png\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2018\/01\/quantum.jpg?w=730&amp;crop=1\" alt=\"Quantum computing, conceptual artwork\" \/><\/p>\n<p id=\"speakable-summary\"><a href=\"http:\/\/horizonquantum.com\/\">Horizon Quantum<\/a>&nbsp;is part of a new crop of startups that focus on building new tools for building software for quantum computers. The Singapore-based company, which is hardware-agnostic but also launched a close partnership with Rigetti Computing in 2018, today announced that it has raised a $3.23 million funding round led by Sequoia Capital India. Previous investors SGInnovate, Abies Ventures, DCVC, Qubit Protocol, Summer Capital and Posa CV also participated.<\/p>\n<p><a href=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Horizon-Quantum-Computing-blue-background.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-2006773\" style=\"float: right;\" src=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Horizon-Quantum-Computing-blue-background.png\" sizes=\"auto, (max-width: 350px) 100vw, 350px\" srcset=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Horizon-Quantum-Computing-blue-background.png 3750w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Horizon-Quantum-Computing-blue-background.png?resize=150,100 150w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Horizon-Quantum-Computing-blue-background.png?resize=300,200 300w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Horizon-Quantum-Computing-blue-background.png?resize=768,512 768w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Horizon-Quantum-Computing-blue-background.png?resize=680,454 680w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Horizon-Quantum-Computing-blue-background.png?resize=1536,1024 1536w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Horizon-Quantum-Computing-blue-background.png?resize=2048,1366 2048w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Horizon-Quantum-Computing-blue-background.png?resize=50,33 50w\" alt=\"\" width=\"300\" height=\"200\" \/><\/a>At its core, Horizon Quantum aims to democratize quantum development. Because there is very little about quantum computing that is intuitive, the company argues, it will take a new set of tools to help today&rsquo;s developers tackle quantum. What makes Horizon unique is that it takes conventional source code and then automatically analyzes that to figure out where a quantum computer could speed up an algorithm. Right now, the company can identify potential speedups in code written for Matlab and Octave.<\/p>\n<p>&ldquo;The conventional approach to developing quantum applications is to explicitly specify the individual steps of a quantum algorithm, or to use a library where such explicit steps are specified. What makes our approach unique is that we construct quantum algorithms directly from conventional source code, automatically identifying places where it can be sped up,&rdquo; explained Si-Hui Tan, the chief science officer at Horizon Quantum. &ldquo;Everything that relates to quantum mechanics happens under-the-hood and on-the-fly in our compiler. This automation is what alleviates the need for any quantum knowledge. All our users have to do is to provide their program in a conventional programming language.&rdquo;<\/p>\n<div class=\"piano-inline-promo\">&nbsp;<\/div>\n<div id=\"attachment_2006770\" class=\"wp-caption alignleft\"><a href=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Joe-FITZSIMONS-Si-Hui-TAN-Horizon-Quantum-Computing.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"vertical  wp-image-2006770\" style=\"float: left;\" src=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Joe-FITZSIMONS-Si-Hui-TAN-Horizon-Quantum-Computing.jpg?w=486\" sizes=\"auto, (max-width: 350px) 100vw, 350px\" srcset=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Joe-FITZSIMONS-Si-Hui-TAN-Horizon-Quantum-Computing.jpg 1714w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Joe-FITZSIMONS-Si-Hui-TAN-Horizon-Quantum-Computing.jpg?resize=107,150 107w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Joe-FITZSIMONS-Si-Hui-TAN-Horizon-Quantum-Computing.jpg?resize=214,300 214w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Joe-FITZSIMONS-Si-Hui-TAN-Horizon-Quantum-Computing.jpg?resize=768,1075 768w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Joe-FITZSIMONS-Si-Hui-TAN-Horizon-Quantum-Computing.jpg?resize=486,680 486w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Joe-FITZSIMONS-Si-Hui-TAN-Horizon-Quantum-Computing.jpg?resize=1097,1536 1097w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Joe-FITZSIMONS-Si-Hui-TAN-Horizon-Quantum-Computing.jpg?resize=1463,2048 1463w, https:\/\/techcrunch.com\/wp-content\/uploads\/2020\/06\/Joe-FITZSIMONS-Si-Hui-TAN-Horizon-Quantum-Computing.jpg?resize=36,50 36w\" alt=\"\" width=\"228\" height=\"320\" aria-describedby=\"caption-attachment-2006770\" \/><\/a><\/p>\n<p>At the same time, the company&rsquo;s tools also make life for experienced quantum software developers easier by giving them the tools to write more succinct code that is also automatically optimized for the underlying quantum processors.<\/p>\n<p>&nbsp;<\/p>\n<p>&ldquo;We&rsquo;re building a compiler that can go all the way from conventional, classical, code down to the control signals sent to the&nbsp;<span class=\"il\">quantum<\/span>&nbsp;hardware,&rdquo; Quantum Horizon CEO Joe Fitzsimons told me in an email. &ldquo;We&rsquo;re still building, and we have a lot still to do, but we&rsquo;ve demonstrated key parts of the technology, from identifying speedups in classical code down to characterising and mitigating errors in&nbsp;<span class=\"il\">quantum<\/span>&nbsp;processors. Our hope is that it will make&nbsp;<span class=\"il\">quantum<\/span>&nbsp;computing more easily accessible for the millions of software developers out there, and will allow us to leverage&nbsp;<span class=\"il\">quantum<\/span>&nbsp;computing in new domains (we specifically think about domains like geophysics for the energy sector and computational fluid dynamics for aerospace and automotive sectors).&rdquo;<\/p>\n<p>&nbsp;<\/p>\n<p>The company says it will use the new funding to help bring its technology to market and engage with its early customers.<\/p>\n<p>Horizon Quantum&rsquo;s Joe Fitzsimons (CEO) and Si-Hui Tan (CSO).<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/http:\/\/horizonquantum.com\/\" target=\"_blank\">http:\/\/http:\/\/horizonquantum.com\/<\/a><br \/><b>Contact Information:<\/b><br \/>Frederic Lardinois<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Frederic Lardinois<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"233\" height=\"24\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/06\/4001-logo-976.png\" alt=\"\">Horizon Quantum&nbsp;is part of a new crop of startups that focus on building new tools for building software for quantum computers. The Singapore-based company, which is hardware-agnostic but also launched a close partnership with Rigetti Computing in 2018, today announced that it has raised a $3.23 million funding round led by Sequoia Capital India. Previous &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/06\/23\/horizon-quantum-raises-3-23m-for-its-quantum-software-development-tools\/\">Continue reading <span>Horizon Quantum raises $3.23M for its quantum software development tools<\/span><\/a> <a href=\"http:\/\/ipsnews.net\/business\/2020\/06\/23\/horizon-quantum-raises-3-23m-for-its-quantum-software-development-tools\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54],"tags":[],"class_list":["post-30476","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Horizon Quantum raises $3.23M for its quantum software development tools - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2020\/06\/23\/horizon-quantum-raises-3-23m-for-its-quantum-software-development-tools\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Horizon Quantum raises $3.23M for its quantum software development tools - Business\" \/>\n<meta property=\"og:description\" content=\"Horizon Quantum&nbsp;is part of a new crop of startups that focus on building new tools for building software for quantum computers. The Singapore-based company, which is hardware-agnostic but also launched a close partnership with Rigetti Computing in 2018, today announced that it has raised a $3.23 million funding round led by Sequoia Capital India. 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