QMatter, a quantum technology startup, raised 1.2 million USD in pre-seed funding led by 55 North, with participation from XTX Ventures, Bellstate Oy, and the Conception X Angel Syndicate. The company develops quantum compression technology to reduce problem complexity for quantum and classical systems. The funding will support continued development and scaling of its quantum compression platform, expansion of the platform, and more scalable and efficient simulation of complex quantum systems for scientific research and industrial applications.
About QMatter
UCL spinout working to shrink quantum algorithms for drug discovery.
London, United Kingdom
Read Company ProfileFrequently Asked Questions
What type of funding round did QMatter raise?
QMatter raised a pre-seed round.
How much did QMatter raise in its pre-seed?
QMatter raised $1,200,000 USD in its pre-seed.
Who invested in QMatter's pre-seed?
The investors in QMatter's pre-seed are: 55 North, XTX Ventures, Bellstate Oy, Conception X Angel Syndicate.
What type of investment was QMatter's pre-seed?
QMatter's pre-seed was a equity investment.
How will QMatter use the funds from its pre-seed?
QMatter plans to use the funds for: continued development, scaling of its quantum compression platform, expand its platform, enable more scalable and efficient simulation of complex quantum systems.