Horizon Quantum signed a non-binding letter of intent to acquire Entropica Labs for an anticipated consideration of $27 million USD in Horizon Quantum Class An ordinary shares, subject to the completion of due diligence, related audits, the signing of definitive agreements and satisfaction of other customary conditions. The acquisition targets Entropica Labs’ work on fault-tolerant software infrastructure, designed to enable error-corrected programs on existing quantum hardware.
Founded in 2018 by Dr. Tommaso Demarie and Dr. Ewan Munro, Entropica Labs approaches fault tolerance as a systems-software challenge, developing a compiler called Loom, and states its mission is “to build the software infrastructure that turns quantum hardware into fault-tolerant computers that developers can use.”
The deal focuses on Loom, a compiler developed by Entropica Labs that aims to simplify the implementation of error correction for quantum hardware manufacturers, allowing companies to run error-corrected programs without independently constructing a complete fault-tolerance stack. Completion of the transaction remains subject to standard conditions.




See today’s quantum computing news on Quantum Zeitgeist for the latest breakthroughs in qubits, hardware, algorithms, and industry deals.
