QEDMA, a developer of quantum noise resilience solutions, announced $26 million in Series A funding. The funding round was led by Glilot Capital Partners through its early growth fund, Glilot+, with new participation from IBM, Korean Investment Partners, and others, along with existing investors including TPY Capital.
QEDMA’s software solution addresses the challenge of reducing errors in quantum computing.
How the funding will be used: QEDMA anticipates highlighting quantum advantage soon through partnerships with multiple quantum computing companies and research institutions.
Founding of the company: A series of chance encounters led to the founding of QEDMA in 2020. And over lunch, Prof. Netanel Lindner (a Technion physicist specializing in quantum systems) shared with Dr. Asif Sinay (a physicist and tech industry veteran) his insights that understanding each quantum device’s unique noise patterns could be key to reducing errors.
Hebrew University Prof. Dorit Aharonov – known for her work on the quantum fault tolerance theorem, a foundation of modern quantum computing that proved error correction was theoretically possible – also 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/practical approaches to quantum errors could unlock an innovative solution.
Problem being addressed: Errors are a fundamental obstacle on the path to large-scale and 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. Even though 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 software was engineered to advance the timeline to practical quantum computing by reducing, mitigating, and correcting errors. The solution integrates with existing hardware to enhance the performance of quantum computers, enabling quantum computations that are up to 1,000 times larger.
After a user requests to run a quantum algorithm, QEDMA’s solution executes a protocol to learn the noise characteristics of the specific device. Then it adjusts the quantum algorithm to reduce some classes of errors from occurring (suppression) and uses post-processing to address the impact of remaining errors on the final calculation (mitigation). As hardware improves, QEDMA plans to integrate error correction using proprietary methods that combine it with error mitigation for even greater reliability.
KEY QUOTES:
“QEDMA’s solution is unique in delivering unbiased error reduction with unprecedented efficiency, enabling quantum algorithms that were previously impossible to run. 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.”
Dr. Asif Sinay, CEO and co-founder of QEDMA
“The quantum computing revolution is accelerating, and QEDMA has positioned itself as a foundational player in the industry. Having known Asif since our time together at the Talpiot program, and seeing the exceptional team he’s built with Dorit and Netanel, combining deep theoretical expertise with practical implementation, I’m convinced that QEDMA is uniquely positioned to solve quantum computing’s greatest challenge – error reduction. QEDMA has the potential to become the operating system for the entire quantum industry, which will have a groundbreaking and lasting impact on so many fields – physics, pharmaceuticals, and cybersecurity to name a few – and we are thrilled to be joining their journey to make quantum computing a reality.”
Lior Litwak, Managing Partner at Glilot Capital Partners and Head of Glilot+, the firm’s early growth fund
“Qedma continues to make meaningful contributions that are progressing the quantum computing space at a pivotal time in the industry. We’re excited to see their next chapter as they scale their impact, working toward their mission to advance quantum computation and provide error reduction software solutions to the quantum ecosystem.”
Emily Fontaine, Global Head of Venture Capital at IBM
