Strangeworks announced the successful completion of its Series A funding, which amounted to $24 million. The funding was secured on the auspicious occasion of the company’s fifth anniversary of its public debut at SXSW in 2018.This funding marks a significant milestone in their journey and reinforces their go-to-market strategy in the emerging quantum computing market, which is expected to reach $125 billion by 2030.
The team is committed to leveraging these resources to expand the company’s platform’s capabilities and accelerate innovation for its clients. They are honoured to have been supported by world-class investors who share a vision to empower visionaries to turn their “what ifs” into reality.
They are confident that this funding will enable them to continue providing exceptional service to their clients while fostering growth and innovation within the quantum computing industry. They are grateful to their investors, clients, and team members for their continued support, and they continue to look forward to the exciting opportunities ahead.
As a result of the recent investment, Strangeworks was able to bolster its core team by 40% during Q4 of 2022. This expansion enables the company to broaden its offerings beyond quantum computing and encompass other advanced technologies such as quantum-inspired, high-performance computing, and artificial intelligence.
This move positions Strangeworks to provide immediate business value to its enterprise clients while helping them prepare for the rapidly evolving computing landscape. With its enhanced capabilities, Strangeworks is well-equipped to remain at the forefront of providing innovative and impactful solutions that meet the evolving needs of its clients.
The company is committed to delivering exceptional value to its stakeholders and looks forward to exciting opportunities. The support of its investors, clients, and team members has been instrumental in Strangeworks’ success, and the company remains grateful for its ongoing support.
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