Zapata Computing, a Cambridge, Mass.-based quantum computing startup, raised $21m in Series A financing.
The round was led by Comcast Ventures and Prelude Ventures, with participation from new and existing investors Pitango Ventures, BASF Venture Capital, Robert Bosch Venture Capital, Pillar VC, and The Engine.
The company intends to use the funds to accelerate product development and expand its business into new markets and regions.
Co-founded by Alán Aspuru-Guzik, Christopher Savoie (CEO), Yudong Cao, Jonathan Olson, Peter Johnson, and Jhonathan Romero, Zapata focuses on developing a software platform and quantum algorithms to enable the next generation of discoveries — for a wide range of industries including chemistry, pharmaceuticals, logistics, finance and materials — on quantum computers.
The company holds an exclusive license to a portfolio of quantum algorithms from Harvard University.