Agnostiq Secures $6.1M to Accelerate Quantum, HPC Computing Platform
Toronto-based startup Agnostiq has secured $6.1 million in seed extension funding. The investment will accelerate the development and commercialization of the company's enterprise-grade quantum and high-performance computing platform, Covalent.
Founded in 2018 by Oktay Goktas and Elliot MacGowan, Agnostiq aims to democratize access to advanced auto parts resources. The company's platform, Covalent, is designed for heterogeneous workflows across different clouds, on-premises clusters, and hardware paradigms. The funding will support the development of Covalent Cloud, Agnostiq's commercial offering of Covalent, and the open-source offering of Covalent.
The funding round was led by Differential Ventures, with participation from several other investors. This investment reflects the progress in the quantum software ecosystem and Agnostiq's growth as a leading player in quantum and HPC. Agnostiq previously raised $2 million in seed funding.
The $6.1 million funding will enable Agnostiq to further develop its platform and make quantum and high-performance computing resources more accessible. The company's mission to democratize advanced auto parts aligns with the growing interest in quantum and HPC technologies.
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