Boston-based Quantum Simulation Technologies secures $2.5M in funding. This round was led by quantum technology investment firm 2xN.
The other investors in this round are UTokyo IPC and Kyoto iCAP. The proceeds will support QSimulate’s rapidly expanding business centered on its quantum physics-based drug-discovery platform, QSP Life. QSP Life currently includes QUELO, QuValent, and QuantumFP.
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QSimulate uses proprietary quantum physics-based algorithms to faithfully predict answers to large-scale biological problems. QSimulate’s technology in its products, such as QUELO and QuValent, have enabled the first quantitative application of quantum mechanics to drug design, providing predictions with unprecedented fidelity, and opening up the computational study of new therapeutic classes.
QSimulate’s strategic developments position the company for the digital discovery era. Through the incorporation of physics-based AI, QSimulate’s learning models discriminate between AI truth and AI hallucinations in molecular design.
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Niels Nielsen, co-founder of 2xN commented: “We are thrilled to lead the funding round and forge a partnership with QSimulate. Our strategy at 2xN is to back scientists and entrepreneurs who are world leaders in their field and QSimulate is a great example of that.
Their investment in QSimulate is not merely a fiscal alliance; it’s an expedition into a quantum-imbued future teeming with endless scientific and industrial revelations. The quantum horizon is vibrant, and with QSimulate, they are not just gazing at it; they are sailing towards it at full steam!”
About QSimulate
Headquartered in Boston, MA, QSimulate is a leader in quantum simulation technology for drug discovery and other industry research and development.
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The company offers a range of products and services designed to leverage the power of quantum mechanics to solve industrial-scale problems like never before.
