QunaSys Raises $10M in its Series B Funding Led by VGI to Expand Overseas Markets Further as a Japan-Based Quantum Computer Software Startup - PR Newswire APAC
Summary
TOKYO, March 29, 2022 /PRNewswire/ -- QunaSys Inc. ("QunaSys"), one of the worlds leading developers of innovative algorithms in chemistry focused on accelerating the development of quantum technology applicability, has announced today that it has raised $10 million in its series B funding stage the led by JIC Venture Growth Investments ("VGI"), with participation from ANRI, Fujitsu Ventures Fund LLC, Global Brain, HPC Systems Inc., JST SUCCESS Program, MUFJ Capital, Shinsei Corporate Investment Limited, and Zeon Corporation. Since then, more than 50 companies have participated in QPARC and the consortium has explored different quantum computing use cases, such as new energy analysis, molecular structure optimization, or sustainable material manufacturing, from ENEOS Holding and JSR Corporation. In anticipation of the quantum computing market adoption in the upcoming years, QunaSys aims to make its "Qamuy™" available as the global de-facto standard for main hardware devices. "It has been four years since we established QunaSys, and since then with the help of our talented members and companies at the forefront of their industry, we have been working towards the practical application of quantum computers. This fundraising will help accelerate the development of more usable quantum computing chemical software and expand current business overseas to open a European base."