Monday, October 25, 2021

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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
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