Rahko raises £1.3M seed from Balderton for quantum machine learning tech
There remains a problem with the race to create a quantum computer, which is that experiments in this area can be extremely error-prone. Rahko is a new U.K. startup that thinks it can address this problem with what’s known as “Quantum machine learning.”
It’s now raised £1.3 million ($1.6 million) in a seed round led by Balderton Capital, a rare move for a VC that normally only comes in at a Series A level. Joining the round is AI Seed and angel investors Charles Songhurst (former Microsoft head of Corporate Strategy), Tom McInerney (founder, TGM Ventures), John Spindler (CEO, Capital Enterprise) and James Field (CEO, LabGenius).
Rahko says it is building “quantum discovery” capabilities for chemical simulation, which could enable groundbreaking advances in batteries, chemicals, advanced materials and drugs. It was started by co-founders Leonard Wossnig, Edward Grant, Miriam Cha and Ian Horobin.
Leo and Ed were longtime collaborators through their PhDs at University College London. They had been working on research in quantum machine learning (QML) with now lead developers Shuxiang Cao and Hongxiang Chen for several years and had been consolidating all their research into a QML platform.
They say the QML platform attracted serious attention from