- Zapata Computing, a leading enterprise software company focused on quantum applications, announced it raised a strategic round from Honeywell Ventures
Zapata Computing, a leading enterprise software company focused on quantum applications, announced it has raised a strategic round of funding from Honeywell Ventures — which is the venture capital arm of Honeywell.
This investment will be used for accelerating continued enhancements to Zapata Computing’s platform and increase its ability to support its global customers. Before this investment, Zapata Computing has been developing quantum solutions in technical collaboration with Honeywell. Honeywell also recently announced it is launching one of the most powerful quantum computers.
Zapata Computing’s platform for quantum-enabled workflows — known as Orquestra — combines a powerful software platform and quantum algorithm libraries to deliver real world advances in computational power for applications, particularly in chemistry, machine learning, and optimization — on the latest quantum hardware. And Orquestra has sparked demand from Fortune 100 and Global 1000 enterprises, enabling users to compose quantum workflows, and orchestrate execution across classical and quantum technologies.
Key Quotes:
“Honeywell’s plan to release an extremely powerful quantum computer with a unique and highly scalable architecture, represents a major technical breakthrough in accelerating quantum capability that will change the dynamics in the quantum computing industry. We’re excited to continue working together with Honeywell in close technical and commercial collaboration to bring to market quantum solutions that will create significant and impactful commercial value for our partners.”
“Honeywell’s goal to increase their quantum volume by an order of magnitude each year, for the next five years, would be truly game-changing.”
-Dr. Christopher Savoie, CEO of Zapata Computing
“Honeywell Ventures looks for leading companies within new breakthrough technology areas, like quantum computing, where Honeywell’s global reach and access to its technologies can accelerate value creation. Zapata Computing shows the promise to be a world leader in quantum computing software and algorithm development. We are excited to help accelerate the adoption of quantum computing as a solution to some of today’s most complex computational problems.”
-Murray Grainger, managing director and head of Honeywell Ventures
“Zapata Computing complements Honeywell’s own quantum computing capabilities by bringing a wealth of cross-vertical market algorithm and software expertise. Zapata Computing creates enterprise-grade, quantum-enabled software for a variety of industries and use cases, allowing users to build quantum workflows and execute them freely across a range of quantum and classical devices.”
-Tony Uttley, president of Honeywell Quantum Solutions
