Qunova Computing Closes $10 Million Series A Funding for HI-VQE Quantum Algorithm - Quantum Computing Report
Summary
Qunova Computing raised $10 million in Series A funding from a group of investors led by GS Ventures and Korea Development Bank. The company develops quantum software and uses the capital to expand its team and advance its HI-VQE hybrid quantum-classical algorithm. Qunova says the hardware-agnostic algorithm has already run on multiple quantum computers and shows promise for chemistry, pharmaceutical, and industrial engineering use cases. The company also positions the algorithm as a way to deliver quantum advantage despite current hardware limitations.
Funding
Amount
$10.0M
Total raised
Date
August 18, 2025
Announcement date
Investors
Daesung Private Equity, Korean Development Bank, QUANTUM Ventures Korea, CKD Venture Capital Corporation, Grand Shores Ventures, Company K Partners
Lead investors
Company
qunovacomputing.com
Funded company
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
Quantum Computing Software
SaaS
Developer Tools
Linked Companies
Qunova Computing
up to $1M