Quantum computer software startup QC Ware raises $25 mln

Courtesy of QC Ware/Handout via REUTERS 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. Researchers believe quantum computers could operate millions of times faster than todays 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. It works with companies to develop quantum algorithms to solve industry specific problems. Johnson said QC Ware is focused on the chemical industry for drug development and financial services, two areas where he thinks quantum computers will have early practical uses.