QEDMA, a leading developer of quantum noise resilience solutions, announced $26 million in Series A funding. The round was led by Glilot Capital Partners through its early growth fund, Glilot+, with new participation from IBM, Korean Investment Partners, and others, alongside existing investors including TPY Capital. QEDMA’s software solution, addresses the critical challenge of reducing errors in quantum computing. QEDMA expects to demonstrate quantum advantage in the coming months through partnerships with multiple quantum computing companies and research institutions.
A series of chance encounters led to the founding of QEDMA in 2020. Over lunch, Prof. Netanel Lindner, a Technion physicist specializing in quantum systems, shared with Dr. Asif Sinay, a physicist and tech industry veteran, his insight that understanding each quantum device’s unique noise patterns could be key to reducing errors.
Independently, Hebrew University Prof. Dorit Aharonov – renowned for her pioneering work on the quantum fault tolerance theorem, a foundation of modern quantum computing that proved error correction was theoretically possible – shared with Sinay a similar vision. Sinay brought the two together for weekly discussions which quickly evolved into the trio founding QEDMA, built on the recognition that combining theoretical and practical approaches to quantum errors could unlock a breakthrough solution.
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Errors are a fundamental obstacle on the path to large-scale, practical quantum computing. As the size of quantum computers grows and the complexity of computations increases, errors can compound and the signal gets overwhelmed by noise. While error correction schemes exist that could in theory strongly suppress errors, error-correcting codes require significant overhead: as many as 1,000 qubits (quantum bits) to correct errors for just a single qubit.
“QEDMA’s solution is unique in delivering unbiased error reduction with unprecedented efficiency, enabling quantum algorithms that were previously impossible to run,” said Dr. Asif Sinay, CEO and co-founder of QEDMA. “While the industry is making massive investments in quantum computing infrastructure and scaling the number of qubits, our platform-agnostic approach allows us to extract maximum value from existing hardware across all quantum computing architectures. By accelerating the timeline to practical quantum computing, we’re establishing a fundamental foundation that will become even more crucial as quantum systems scale.”
SOURCE: PRNewswire