Agnostiq: Raises $2M in Seed Funding

  • Agnostiq, Inc., a Toronto, Canada-based quantum computing SaaS startup, raised $2m in seed funding
  • The round was led by Differential Ventures, with follow-on participation from Scout Ventures, Tensility Venture Partners, Boost VC, and Green Egg Ventures
  • The company also intends to use the funds for continued development of its software platform
  • Agnostiq is an interdisciplinary team of physicists, computer scientists, and mathematicians with the shared aim of using technology to build practical applications for industry
  • The company combines quantum applications, privacy tools, and support for all of the latest quantum hardware into a platform designed to help organizations solve mission critical tasks
  • Then the platform comprised of three main technologies that make it easier for enterprises to build their own quantum computing applications
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Bridge, Owned by Stripe, Strengthens Approval for National Trust Bank

Stripe’s Bridge secures national approval to operate as a trust bank.Highlights: Bridge secures national approval to function as...

ECB Strengthens Framework Ahead of Planned Digital Euro Pilots

European Central Bank prepares for digital euro testing phase.Highlights: ECB announces enhancements to its regulatory framework.Planned pilots for...

Mastercard and Visa Strengthen Agentic Payment Pilots with Bank Collaborations

Financial giants team up with banks to enhance payment systems.Highlights: Mastercard and Visa partner with banks for innovative...

Mastercard Strengthens Cyber Defense with Cloudflare Partnership

New alliance enhances transaction security amidst rising cyber threats.Highlights: Mastercard partners with Cloudflare for enhanced cyber security.Collaboration aims...