Haiqu, a quantum computing software startup, has raised $4 million in a funding round led by MaC Venture Capital and featuring participation from Toyota Ventures, SOMA Capital, u.ventures, SID Venture Partners, and Roosh Ventures. The company aims to enhance the performance of quantum processors by developing platform-agnostic technology that addresses the limitations of qubits and the high noise sensitivity of near-term quantum processors. The investment will be used to drive research and development efforts and establish strategic partnerships to bring Haiqu’s product to market.
Introduction
“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.”
Richard Givhan, co-founder and CEO at Haiqu.
Quantum computing software startup Haiqu has raised $4 million in a funding round led by MaC Venture Capital and featuring participation from Toyota Ventures, SOMA Capital, and others. Co-founded by Richard Givhan and Mykola Maksymenko, Haiqu develops platform-agnostic technology that enhances the performance of quantum processors, addressing limitations such as qubit numbers and noise sensitivity. The investment will be used to advance research and development efforts and establish strategic partnerships to bring Haiqu’s product to market.
Haiqu Raises $4M in Funding Round
Haiqu, a startup developing software to enhance the performance of quantum processors, has raised $4 million in a financing round led by MaC Venture Capital. Other participants included Toyota Ventures, SOMA capital, u.ventures, SID Venture Partners, and Roosh Ventures, as well as private contributions from Paul Holland, Alexi Kirilenko, and Gordy Holterman. The investment will be used to drive the company’s research and development efforts and establish strategic partnerships to bring their product to market.
“MaC is thrilled to be supporting Haiqu through their next stage of growth.”
Adrian Fenty, Managing General Partner at MaC Venture Capital.
Enhancing Quantum Processor Performance
Haiqu aims to address the foundational bottlenecks preventing the adoption of quantum applications, such as the limited number of qubits and the high noise sensitivity of near-term quantum processors. The startup is developing platform-agnostic technology that extends quantum hardware capability by orders of magnitude, enabling a broader set of practical use-cases in finance, chemistry, life sciences, mobility, and other domains. Co-founder and CTO Mykola Maksymenko said the company leverages its expertise in quantum complexity, AI, and high-performance computing to create a product that can streamline the entire industry.
Company Background and Global Growth
Haiqu was formed and incubated in the fall of 2022 within the Creative Destruction Lab Quantum stream in Toronto by Richard Givhan, a Stanford alumnus and former EIR at Mitsubishi Electric, and Mykola Maksymenko, formerly a researcher at the Max Planck Society and the Weizmann Institute of Science and head of R&D at global consultancy SoftServe Inc. The company is growing globally via a distributed team spanning the United States, Ukraine, Canada, Germany, and Switzerland, giving it access to some of the world’s leading talent pools in quantum and software engineering.
“We’ve been watching the quantum computing space for years, but the hardware and hype have kept us just watching,”
Jim Adler, founder and general partner at Toyota Ventures.
About MaC Venture Capital and Toyota Ventures
MaC Venture Capital is a seed-stage venture capital firm based in Los Angeles and Silicon Valley that invests in technology startups leveraging shifts in cultural trends and behaviors. Toyota Ventures is a San Francisco Bay Area-based venture capital firm that invests in early-stage startups from around the world, with more than $500 million in assets under management.
Executive Summary
“We leverage our expertise in quantum complexity, AI, and high-performance computing to create a product that we believe can streamline the entire industry.”
Mykola Maksymenko, co-founder and CTO at Haiqu.
Haiqu, a quantum computing software startup, has raised $4M in a funding round led by MaC Venture Capital to develop technology that enhances the performance of quantum processors. The platform-agnostic technology aims to address adoption bottlenecks and enable practical use cases in finance, chemistry, life sciences, and other domains.
- Quantum computing software startup Haiqu has raised $4M in a funding round led by MaC Venture Capital, with participation from Toyota Ventures, SOMA Capital, u.ventures, SID Venture Partners, and Roosh Ventures.
- Haiqu’s software aims to enhance the performance of quantum processors, addressing bottlenecks such as limited qubits and high noise sensitivity.
- The investment will be used for research and development, as well as establishing strategic partnerships to bring the product to market.
- Haiqu was founded by Richard Givhan, a Stanford alumnus and former EIR at Mitsubishi Electric, and Mykola Maksymenko, formerly a researcher at the Max Planck Society and the Weizmann Institute of Science.
- The startup’s technology is platform-agnostic and aims to enable practical use cases in finance, chemistry, life sciences, mobility, and other domains.
- Haiqu operates with a distributed team across the United States, Ukraine, Canada, Germany, and Switzerland, tapping into global talent pools in quantum and software engineering.