Singapore-based Horizon Quantum Computing startup aims to make quantum computing accessible to every developer. It just raised an undisclosed amount funding led by Sequoia India, bringing its total seed money to US$3.2 million.
Founded in 2018, Horizon is developing tools so that programs designed for conventional computers can be automatically adapted for quantum processors.
Horizon said its approach is different. It looks to enable developers to build programs with fewer lines of code and automatically optimize their programs for real processors.
Some deep-tech players in Singapore are also looking to make quantum computing more accessible. One example is Entropica Labs, which is also backed by SGInnovate as well as Wavemaker Partners, among other investors. Another player is SpeQtral, which is developing space-based quantum communication systems.
Citing a study from Boston Consulting Group (BCG) Consulting Group, Horizon said the quantum applications market can reach over US$260 billion by 2050 as adoption picks up.
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Sequoia invests in Singapore quantum computing startup Horizon
All over the globe, there are tens of millions of conventional software developers, with 46 million registered on GitHub alone. However, fewer than 1,000 people globally are capable of developing new quantum applications, Singapore-based Horizon Quantum Computing observed.
