Haiqu, a startup developing technology to improve the efficiency of quantum computers, has raised $11 million in a seed round led by Primary Venture Partners, the company reported on its website.

Deal Details

• In addition to Primary, the round included Collaborative Fund, Alumni Ventures, Qudit Ventures, Silicon Roundabout Ventures, Harlow Capital, and Hyperion Capital. Existing investors MaC Venture Capital and Toyota Ventures also participated.
• As Haiqu told Tech.eu, this is one of the largest seed rounds ever raised in the quantum software field.
• The funding will support the upcoming launch of Haiqu’s operating system for quantum applications, designed to enhance the efficiency and resilience of quantum computing. The company will also use the money to expand its team.
• According to Crunchbase, Haiqu has raised a total of $5.8 million before this round.

About Haiqu

• Haiqu was co-founded in 2022 by engineer Richard Givhan and Mykola Maksymenko, a former quantum researcher at the Max Planck Society and the Weizmann Institute of Science. The company currently has offices in the UK, Ukraine, and the US.
• Haiqu focuses on optimizing quantum hardware. Quantum cloud services are expensive, and the performance of today’s quantum machines remains limited. Haiqu aims to change that with a software system capable of running larger applications at significantly lower cost.
• As TFN explains, Haiqu’s technology bridges the gap between «noisy» quantum devices and the complex algorithms that are difficult for them to handle. The company’s operating system eliminates inefficiencies through quantum circuit optimization, intelligent data processing, and what it calls «error shielding.»
• Unlike Zapata AI, Classiq, and Riverlane, Haiqu runs across different quantum machines, adapting performance to each type of hardware.
• The new funding will accelerate the rollout of Haiqu’s operating system and support further testing with partners in the financial, healthcare, and physical sciences sectors.
• Haiqu previously joined the Compilation Open Design (CODE) initiative, which aims to accelerate the development of Canada’s innovation ecosystem by providing access to open-source quantum technologies. The total cost of the project was $4.1 million.