US-Ukrainian Startup Haiqu Raises $4 Million Funding. The investment will drive the company’s research and development efforts and the establishment of strategic partnerships to bring their product to market.
Haiqu, a startup building software to enhance the performance of quantum processors, announced it has closed a $4M financing round led by MaC Venture Capital, with participation from Roosh Ventures, Toyota Ventures, SOMA capital, u.ventures, and SID Venture Partners. The round also included private contributions from Paul Holland, Alexi Kirilenko, and Gordy Holterman.
We are accelerating the timeline to practical quantum computing by developing novel software that can extract value out of clumsy near-term quantum hardware, enabling quantum applications that were previously impossible.” said Richard Givhan, co-founder and CEO at Haiqu. “We are proud to be backed by investors with remarkable deep-tech ecosystems and a track record of supporting the commercialisation of breakthrough tech.
About Haiqu
- The startup was formed and incubated in the fall of 2022 within the Creative Destruction Lab Quantum stream in Toronto by Richard Givhan (CEO), a Stanford alum and former EIR at Mitsubishi Electric, and Mykola Maksymenko (CTO), formerly a researcher at the Max Planck Society and the Weizmann Institute of Science and head of R&D at global consultancy SoftServe Inc.
- Haiqu addresses the foundational bottlenecks precluding the adoption of quantum applications: a limited number of qubits and the high noise sensitivity of near-term quantum processors. The startup develops platform-agnostic technology that extends quantum hardware capability by orders of magnitude and enables a broader set of practical use-cases in finance, chemistry, life sciences, mobility and other domains.
- Having started as a remote collaboration of co-founders, Haiqu is growing globally via a distributed team spanning the United States, Ukraine, Canada, Germany, and Switzerland. Given the scarcity of quantum talent, this provides the startup access to some of the world’s leading talent pools in quantum and software engineering.
- “Haiqu’s groundbreaking software will revolutionise quantum computing and unlock new opportunities and applications in the sector, propelling the field forward. Having worked with Mykola for the past two years on other projects in the Roosh ecosystem, we’re delighted for Roosh Ventures to be an active part of such an exciting startup journey. Richard and Mykola’s exceptional expertise and innovative approach position them as true trailblazers in the industry, driving us towards a future filled with endless possibilities,” — comments Den Dmytrenko, Co-founder and General Partner at Roosh Ventures.
- “We leverage our expertise in quantum complexity, AI, and high-performance computing to create a product that we believe can streamline the entire industry,” said Mykola Maksymenko, co-founder and CTO at Haiqu. ”With past experience in building and scaling deep tech R&D in large corporations, we appreciate the challenges of bringing complex technology to market. We are eager to get our tech into the hands of users as soon as possible.”
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