QunaSys, a Tokyo, Japan-based developer of algorithms in chemistry focused on accelerating the development of quantum technology applicability, raised $10M in Series B funding.
The round was led by JIC Venture Growth Investments, with participation from ANRI, Fujitsu Ventures Fund, Global Brain, HPC Systems, JST SUCCESS Program, MUFJ Capital, Shinsei Corporate Investment Limited, and Zeon Corporation.
The company intends to use the funds to accelerate the development of more usable quantum computing chemical software and expand current business overseas to open a European base.
Led by Tennin Yan, CEO, QunaSys enables maximization of quantum computing through Qamuy, its cloud-accessible quantum computing development software solution, which runs on multiple platforms with applicability in all chemical-related industries.
Since 2019, the company has grown its R&D and business development activities and achieved record business growth. In July 2020, QunaSys established QPARC, a Japanese consortium to study quantum computing applicability of quantum computers. Since then, more than 50 companies have participated in QPARC and the consortium has explored different quantum computing use cases, such as new energy analysis, molecular structure optimization, or sustainable material manufacturing, from ENEOS Holding and JSR Corporation.
In conjunction with the funding, QunaSys has announced that it has come to an agreement with Zeon Corporation, Fujitsu Limited, and HPC Sytems Inc. for a capital tie-up and a business alliance.