Announced
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Completed
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Private Equity
Venture Capital
computing software
Acquisition
Private
Software
United States
Synopsis
Hitachi Ventures, the global venture capital arm of Hitachi Group, led a $24m Series A funding round in Strangeworks, an unconventional computing software company, with participation from IBM, Raytheon Technologies, Lightspeed Venture Partners, Great Point Ventures, and Ecliptic Capital. "Hitachi identified quantum computing as a key technology to advance society and develop its own quantum technologies and quantum-inspired solutions. Quantum computing has the potential to help solve some of the world's most pressing problems, from fighting climate change to curing fatal diseases that require far greater computational power than is currently available in classical computers. The Strangeworks platform removes barriers to access quantum and quantum-inspired solutions creating customer value already today," Norihiro Suzuki, Hitachi CTO.
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