December 8, 2022

Rahko raises £1.3M seed from Balderton for quantum machine learning

Rahko, a quantum UK-based startup originating from UCL’s Computer Science programme, supported by Conception X, a venture builder for deep tech startups, has just raised £1.3 million ($1.6 million) in a seed round led by Balderton Capital.

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. 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. (TechCrunch)

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