Entropica Labs, a Singapore-based quantum computing software solutions startup, has raised $1.8 million (S$2.6 million) in seed funding led by Elev8, a deep tech venture capital firm. The round was joined by SGInnovate, Wavemaker Partners, Lim Teck Lee Group, Japanese software firm TIS Inc, V1 Capital and Entrepreneur First.
According to a statement, Entropica will use the fresh funding to expand its technical team and develop its proprietary software architecture based on quantum technology.
Entropica Labs was founded by Dr Tommaso Demarie, Dr Ewan Munro and Dr Joaquin Keller in 2018. It aims to develop software tools, methods and models to make quantum computing accessible and more mainstream. Its current focus is quantum optimisation and statistical learning to support enterprise customers in understanding and integrating quantum computing.
So far, Entropica has developed a software roadmap allowing developers and users to build and experiment quantum computing workflows on it. The deep tech firm has partnered with leading quantum hardware manufacturers such as Rigetti Computing, IBM and Microsoft to develop and test its software on their platforms.
“We are at the cusp of massive gains in technology, powered by quantum computing. Entropica Labs’ talented team is building the operating interface that allows programmers to work efficiently on quantum machines. We are excited to see the new scalable applications Entopica will unlock – from Artificial Intelligence to statistical modelling,” said Aditya Mathur, Managing Director at Elev8, in a statement.
Entropica Labs is a spinoff of Singapore’s Centre for Quantum Technologies at the National University of Singapore (NUS), where two of its co-founders, Demarie and Munro are alumni members. The founding team collectively have over 30 years of research and work experience in quantum and classical computing technologies.