Jane Edwards
Strangeworks, an Austin, Texas-based software company focused on quantum computing, has closed a round of Series A financing led by Hitachi Ventures and will use the investment to support efforts to offer quantum-inspired technologies, high-performance computing, artificial intelligence and other tech platforms.
IBM and Raytheon Technologies participated in the Series A round, which raised $24 million in funding, Strangeworks said Tuesday.
Strangeworks also secured follow-on investment from GreatPoint Ventures, Lightspeed Venture Partners and Ecliptic Capital.
“We believe Strangeworks’ platform and their ability to make quantum and high-performance computing more accessible can support a wide range of applications in the aerospace, defense, and commercial sectors,” said Dan Ateya, president and managing director at Raytheon’s venture capital arm RTX Ventures.
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