Zapata Computing's initial team.

Zapata Computing’s initial team. Zapata Computing / Doug Levy / The Engine

Zapata Computing, a quantum computing software startup that spun out of Harvard, announced Wednesday that it has raised $21 million in a series A round. The round was led by Prelude Ventures and Comcast Ventures, and included participation from Pillar VC, The Engine, BASF Venture Capital, Pitango Ventures and Robert Bosch Venture Capital. The raise will bring the company’s total funding to about $26.45 million.

Unique among quantum computing startups, Zapata Computing isn’t interesting in building quantum computers. Instead, it’s building software applications for those systems, as well as helping large enterprises find solutions where quantum computing makes sense, no matter what hardware that customer is using.

“We’re creating an enterprise-hardened software platform that allows the domain experts to go as deep as they want, as well as abstract to a certain level,” Zapata CEO Chris Savoie explained to me. “This is not for the faint of heart. We’re not out there trying to teach an undergraduate computer science major how to program a quantum computer. We’re years away from that.”

Zapata’s focus right now is on applications where quantum computing can offer some advantages over traditional supercomputing, particularly in three key areas: simulation of chemical reactions, machine learning, and optimization problems, which are of particular interest in areas like logistics and planning.

The startup was founded in 2017, and spins out of the work of Alán Aspuru-Guzik, who has been working to apply quantum computing to chemical simulations. In his lab were four postdocs, physicists Peter Johnson and Jonny Olson; computer scientist Yudong Cao, and chemist Jhonathan Romero Fontalvo. All of them were working on different applications of quantum computing, and it was their work in Aspuru-Guzik’s lab that grew into the basis for the company.

To run Zapata, the cofounders tapped Savoie as CEO. A serial entrepreneur and tech company executive, he also happens to have a PhD that had focused on molecular simulations. Apart from the companies he’d previously founded, he’d also worked Verizon and Nissan. His previous startup, OLED materials company Kyulux, had licensed AI technology developed in Aspuru-Guzik’s lab, which began the relationship between the two.

After expressing frustration to Aspuru-Guzik over his twice monthly commute from Boston to Japan (“Which my wife said was not a tenable business plan,” Savoie joked), Aspuru-Guzik invited Savoie to meet with the Zapata founding team.

“They convinced me by lunchtime that there was a there there,” Savoie said. “And after lunch he introduced me to IBM’s quantum group and a couple of other quantum groups as the CEO of Zapata Computing.”

Infographic explaining Zapata's process

Infographic explaining Zapata’s model.Zapata Computing

With the current round of funding, Savoie intends to position Zapata as the primary quantum software solution for large enterprises. To that end, he intends to use this infusion of capital to hire talent on both the quantum physics side and the computer science side. It will also be seeking out international talent, by expanding its existing footprint in Toronto and establishing an office in Barcelona in order to attract European talent.

“We want to be global and we want to have enough gasoline in the tank to do this right and hire the right people,” Savoie said.

As it works to expand its position in the market, Savoie said that he’s inspired by the way Oracle initially worked with large enterprises in its early days. Its revenues will be largely driven initially by consulting fees as it helps to develop unique software solutions for enterprises and trains people to use them. Its long term goals also think of Oracle as inspiration – Savoie notes that the company wants to build out the SQL of quantum software.

“Not only the language,” he said. “But all of the stuff that makes that work in an efficient, enterprise-hardened situation.”

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Zapata Computing's initial team.

Zapata Computing’s preliminary group. Zapata Computing/ Doug Levy/ The Engine

Zapata Computing, a quantum computing software application start-up that drew out of Harvard, revealed Wednesday that it has actually raised $21 million in a series A round. The round was led by Start Ventures and Comcast Ventures, and consisted of involvement from Pillar VC, The Engine, BASF Equity Capital, Pitango Ventures and Robert Bosch Equity Capital. The raise will bring the business’s overall financing to about $2645 million.

Distinct amongst quantum computing start-ups, Zapata Computing isn’t fascinating in developing quantum computer systems. Rather, it’s developing software application applications for those systems, in addition to assisting big business discover services where quantum computing makes good sense, no matter what hardware that client is utilizing.

” We’re developing an enterprise-hardened software application platform that enables the domain specialists to go as deep as they desire, in addition to abstract to a specific level,” Zapata CEO Chris Savoie discussed to me. “This is not for the faint of heart. We’re not out there attempting to teach an undergraduate computer technology significant how to set a quantum computer system. We’re years far from that.”

Zapata’s focus today is on applications where quantum computing can use some benefits over conventional supercomputing, especially in 3 essential locations: simulation of chain reactions, artificial intelligence, and optimization issues, which are of specific interest in locations like logistics and preparation.

The start-up was established in 2017, and draws out of the work of Alán Aspuru-Guzik, who has actually been working to use quantum computing to chemical simulations. In his laboratory were 4 postdocs, physicists Peter Johnson and Jonny Olson; computer system researcher Yudong Cao, and chemist Jhonathan Romero Fontalvo. All of them were dealing with various applications of quantum computing, and it was their operate in Aspuru-Guzik’s laboratory that became the basis for the business.

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To run Zapata, the cofounders tapped Savoie as CEO. A serial business owner and tech business executive, he likewise occurs to have a PhD that had actually concentrated on molecular simulations. Apart from the business he ‘d formerly established, he ‘d likewise worked Verizon and Nissan. His previous start-up, OLED products business Kyulux, had actually certified AI innovation established in Aspuru-Guzik’s laboratory, which started the relationship in between the 2.

After revealing disappointment to Aspuru-Guzik over his twice regular monthly commute from Boston to Japan (” Which my better half stated was not a tenable company strategy,” Savoie joked), Aspuru-Guzik welcomed Savoie to meet the Zapata starting group.

” They persuaded me by lunch break that there was a there there,” Savoie stated. “And after lunch he presented me to IBM’s quantum group and a number of other quantum groups as the CEO of Zapata Computing.”

Infographic explaining Zapata's process

Infographic describing Zapata’s design. Zapata Computing

With the present round of financing, Savoie plans to place Zapata as the main quantum software application service for big business. To that end, he plans to utilize this infusion of capital to work with skill on both the quantum physics side and the computer technology side. It will likewise be looking for worldwide skill, by broadening its existing footprint in Toronto and developing a workplace in Barcelona in order to draw in European skill.

” We wish to be worldwide and we wish to have adequate fuel in the tank to do this right and work with the best individuals,” Savoie stated.

As it works to broaden its position in the market, Savoie stated that he’s influenced by the method Oracle at first dealt with big business in its early days. Its profits will be mostly driven at first by seeking advice from costs as it assists to establish distinct software application services for business and trains individuals to utilize them. Its long term objectives likewise consider Oracle as motivation – Savoie keeps in mind that the business wishes to construct out the SQL of quantum software application.

” Not just the language,” he stated. “However all of the things that makes that operate in an effective, enterprise-hardened scenario.”

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Zapata Computing's initial team.

Zapata Computing’s preliminary group. Zapata Computing/ Doug Levy/ The Engine

Zapata Computing, a quantum computing software application start-up that drew out of Harvard, revealed Wednesday that it has actually raised $ 21 million in a series A round. The round was led by Start Ventures and Comcast Ventures, and consisted of involvement from Pillar VC, The Engine, BASF Equity Capital, Pitango Ventures and Robert Bosch Equity Capital. The raise will bring the business’s overall financing to about $26 45 million.

Distinct amongst quantum computing start-ups, Zapata Computing isn’t fascinating in developing quantum computer systems. Rather, it’s developing software application applications for those systems, in addition to assisting big business discover services where quantum computing makes good sense, no matter what hardware that client is utilizing.

“We’re developing an enterprise-hardened software application platform that enables the domain specialists to go as deep as they desire, in addition to abstract to a specific level,” Zapata CEO Chris Savoie discussed to me. “This is not for the faint of heart. We’re not out there attempting to teach an undergraduate computer technology significant how to set a quantum computer system. We’re years far from that.”

Zapata’s focus today is on applications where quantum computing can use some benefits over conventional supercomputing, especially in 3 essential locations: simulation of chain reactions, artificial intelligence, and optimization issues, which are of specific interest in locations like logistics and preparation.

The start-up was established in 2017, and draws out of the work of Alán Aspuru-Guzik, who has actually been working to use quantum computing to chemical simulations. In his laboratory were 4 postdocs, physicists Peter Johnson and Jonny Olson; computer system researcher Yudong Cao, and chemist Jhonathan Romero Fontalvo. All of them were dealing with various applications of quantum computing, and it was their operate in Aspuru-Guzik’s laboratory that became the basis for the business.

To run Zapata, the cofounders tapped Savoie as CEO. A serial business owner and tech business executive, he likewise occurs to have a PhD that had actually concentrated on molecular simulations. Apart from the business he ‘d formerly established, he ‘d likewise worked Verizon and Nissan. His previous start-up, OLED products business Kyulux, had actually certified AI innovation established in Aspuru-Guzik’s laboratory, which started the relationship in between the 2.

After revealing disappointment to Aspuru-Guzik over his twice regular monthly commute from Boston to Japan (” Which my better half stated was not a tenable company strategy,” Savoie joked), Aspuru-Guzik welcomed Savoie to meet the Zapata starting group.

“They persuaded me by lunch break that there was a there there,” Savoie stated. “And after lunch he presented me to IBM’s quantum group and a number of other quantum groups as the CEO of Zapata Computing.”

Infographic explaining Zapata's process

Infographic describing Zapata’s design. Zapata Computing

With the present round of financing, Savoie plans to place Zapata as the main quantum software application service for big business. To that end, he plans to utilize this infusion of capital to work with skill on both the quantum physics side and the computer technology side. It will likewise be looking for worldwide skill, by broadening its existing footprint in Toronto and developing a workplace in Barcelona in order to draw in European skill.

“We wish to be worldwide and we wish to have adequate fuel in the tank to do this right and work with the best individuals,” Savoie stated.

As it works to broaden its position in the market, Savoie stated that he’s influenced by the method Oracle at first dealt with big business in its early days. Its profits will be mostly driven at first by seeking advice from costs as it assists to establish distinct software application services for business and trains individuals to utilize them. Its long term objectives likewise consider Oracle as motivation – Savoie keeps in mind that the business wishes to construct out the SQL of quantum software application.

“Not just the language,” he stated. “However all of the things that makes that operate in an effective, enterprise-hardened scenario.”

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