Danish quantum software program startup Kvantify has secured €10 Million ($10.8M USD) in seed funding in a spherical led by Danish VC Dreamcraft and biotech investor Lundbeckfonden BioCapita. Different members within the funding in embrace Redstone VC, 2xN, and EIFO. Kvantify is a quantum software program startup specializing in life science purposes for such issues as drug discovery. They’re growing quantum algorithms for chemical simulations that are very helpful for the life sciences purposes in addition to purposes in different industries. The quantity of this funding is just a little bit bigger than most seed rounds. The corporate will likely be utilizing the funds to speed up the event and development of their know-how and to deliver the options to market. A press launch asserting this funding has been posted on the corporate’s web site here.

July 3, 2024