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With $30 million in new funding, SEEQC thinks chips are key to building useful quantum computing
Nvidia CEO Jensen Huang may have said that "very useful quantum computers" are probably still 20 years away, but his company is also hedging its bets
SEEQC, a quantum computing startup, has raised $30 million in funding co-led by Booz Allen Ventures and Japanese-European VC firm NordicNinja, with participation from new backer SIP Capital and some existing investors. The rapid advancement of AI has already underscored the critical need for more energy efficient data centers, which quantum could make a reality, while simultaneously unlocking new applications, such as accelerating the development of new materials and new pharmaceuticals. This explains why German chemical company BASF recently joined the SEEQC-led and UK-supported QuPharma project to explore how quantum computing can accelerate the process of drug discovery, in partnership with Merck.
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