Quemix Inc., a subsidiary of TerraSky Inc. and a research and development company for quantum computer algorithms and software, is pleased to announce that it has raised a total of 550 million yen in Series B funding from SCSK Corporation, TerraSky Inc., YNF LLC, Mizuho Capital’s Mizuho Growth Support No. 5 Fund, and Mirai Sozo Capital’s Mirai Sozo Fund, who recently announced their capital and business alliance. The purpose of the round is to accelerate research and development for the social implementation of quantum computers, which are expected to be put to practical use in the future. This brings the total amount raised to 850 million yen.
With the spread and development of new technologies such as AI, autonomous driving, and electric vehicles, there is a growing need for higher performance semiconductors, electronic components, batteries, and other high-performance materials than ever before. In order to shorten the development time and reduce the cost of these high-performance materials, it is becoming more effective to incorporate MI, such as computational chemistry and computer-based simulations, into the development process.
Quantum computers, the next generation of high-performance computers, are an advanced technology that is expected to bring about breakthroughs in “optimization problems,” “encryption,” and “materials calculation and simulation.” Since the end of 2023, several hardware vendors have announced their roadmaps, and since then, the development of “Fault-Tolerant Quantum Computers (FTQCs),” a practical version of quantum computers, has progressed significantly, and research and development in related fields has also accelerated around the world, making 2024 a turning point.
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Quemix is a consolidated subsidiary of TerraSky Inc. and was established in 2019 as a research and development-oriented company that will pave the way for a new era. Since 2020, CEO Matsushita has been conducting advanced research and development related to quantum computers, quantum sensors, and material calculations. In order to realize its vision of “realizing the future that humanity dreams of with quantum technology,” Quemix’s mission is to support the breakthroughs of companies that lead the era in quantum technology, and the company continues to conduct research and development focusing on algorithms for FTQC. In 2023, Quemix developed and patented “Probabilistic Imaginary-Time Evolution (PITE®),” a quantum chemistry calculation algorithm that has been mathematically proven to be quantum accelerated, ahead of other companies. Quemix, which leads the FTQC algorithm research field in Japan, will actively invest the funds raised in this round to further accelerate research and development toward the practical application of quantum computers in the field of material calculation and simulation, with the goal of 2028.
SOURCE: PRTimes
