Quemix Inc. raises 300 million yen in funding
- Accelerating Research and Development of Quantum Computing and Advancing Toward Social Implementation -
December 8, 2020
Quemix Inc. (Headquarters: Chuo-ku, Tokyo; President: Yuichiro Matsushita; hereinafter referred to as "Quemix") has completed a capital increase of 300 million yen through a third-party allocation of new shares to the JIC Venture Growth Fund No. 1 Investment Limited Partnership, which is managed by JIC Venture Growth Investments K.K. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Hideki Yarimizu; hereinafter referred to as "JIC VGI").
JIC VGI was established in July 2020 as an approved fund under the umbrella of the Innovation Network Corporation of Japan (Head office: Chiyoda-ku, Tokyo; President: Keisuke Yokoo). (Headquarters: Chiyoda-ku, Tokyo; President: Keisuke Yokoo). Its mission is to improve Japan's international competitiveness by promoting innovation and to solve the industrial and social challenges facing Japan.
Since its establishment in 2019 as a company specializing in quantum computing, Quemix has been working to solve social issues through industry-academia collaborations for the social implementation of quantum computing, regardless of the gating or annealing method.
Quemix will use the funds from this investment to accelerate its research and development, and advance the social implementation of quantum computing.
JIC Venture Growth Fund No.1 Investment Limited Partnership
JIC Venture Growth Investments, Inc.
Comment from Mr. Hideki Yarimizu, President and Representative Director
"Quantum computing is being developed at the global level as a next-generation technology that will dramatically advance the development of materials, drug discovery, transportation, financial and economic simulation, and cryptography. At the same time, in order to promote the social implementation of quantum computing, which requires a long period of time, it is necessary to have knowledge of ICT, cloud business, and management, including business development, in addition to technology.
Quemix has been able to integrate these elements at a high level by utilizing the resources of its parent company, Terra Sky. In addition to Quemix, TerraSky has a proven track record of providing support to various tech venture companies and helping them grow their businesses.
We decided to invest in Quemix because we are convinced that their support will play a role in the development of quantum computing technology in Japan and its implementation in society.
By providing support to such a venture company, we aim to attract risk money to the field of quantum computing and other next-generation industries."
