QEDMA Raises 26 Million to Advance Quantum Error Reduction Software

QEDMA, a quantum noise robustness solutions developer, has secured \\$26 million in Series A investment to develop its software to combat errors in quantum computing. The round was led by Glilot Capital Partners through its Glilot+ early growth fund, with participation from IBM, Korean Investment Partners, and existing investors such as TPY Capital.

"QEDMA's solution is the first to provide unbiased error reduction with unparalleled efficacy, making previously impossible quantum algorithms possible to execute," stated Dr. Asif Sinay, CEO and co-founder.

Key Highlights-

• QEDMA secures 26 million Series A funding to boost quantum error reduction software
• Backed by IBM and Glilot Capital, QEDMA targets improved quantum computing performance
• Plans underway to demonstrate quantum advantage with industry partnerships

Established in 2020 by Technion physicist Prof. Netanel Lindner, Sinay, and Hebrew University Prof. Dorit Aharonov, QEDMA was born out of the common dream of marrying theoretical and practical solutions to quantum errors. Based on its software, which inspects each quantum device's noise signature in order to adapt algorithms, quash errors, and counter residual effects, quantum computations are greatly improved.

The technology is already embedded as one of the initial IBM Qiskit Functions, highlighting industry backing. "QEDMA continues to contribute meaningfully that is accelerating the quantum computing ecosystem at a critical juncture," added Emily Fontaine, IBM Global Head of Venture Capital.

READ MORE: A Guide To Funding

Faults are a central obstacle to the scaling of quantum computers, necessitating unrealistic quantities of qubits for correction. QEDMA's platform independence is designed to elicit optimal existing hardware performance while enabling future fault correction techniques.

"The quantum revolution is picking up speed and QEDMA has set itself as a building-block company," said Lior Litwak Managing partner and Head of Glilot+. "They have the ability to become the operating system for the whole quantum industry.”

QEDMA intends to showcase quantum advantage in the near future with collaborations with several quantum firms and research institutions.