November 28, 2022

Zapata Computing announces investment from Honeywell Ventures

Zapata Computing, an enterprise software company for quantum applications, today announced a strategic investment from Honeywell Ventures, the venture capital arm of Honeywell. The investment will fuel continued enhancements to Zapata Computing’s platform and increase its ability to support its global customers. Prior to today’s investment, Zapata Computing has been developing quantum solutions in a technical collaboration with Honeywell, which announced plans today to be releasing a powerful trapped-ion quantum computer within the next three months.

Zapata Computing’s platform for quantum-enabled workflows, Orquestra™, combines a powerful software platform and quantum algorithm libraries to deliver real world advances in computational power for applications — particularly in chemistry, machine learning, and optimization — on the latest quantum hardware. Orquestra has sparked significant demand from Fortune 100 and Global 1000 enterprises, enabling users to compose quantum workflows and orchestrate their execution across classical and quantum technologies. Zapata Computing is developing solutions for a wide range of industries including chemistry, logistics, finance, oil and gas, aviation, pharmaceuticals and materials. (Businesswire)

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