Sequoia and Tencent back Irish-founded Horizon in $18.1m raise

Quantum computing-focused firm was founded and is led by Dr Joe Fitzsimons

Dr Joe Fitzsimons has over 18 years of experience in quantum computing and computational complexity theory and holds a doctorate from the University of Oxford on quantum computing architecture

Horizon Quantum Computing, an Irish-founded but Singapore-based firm, has raised $18.1 million (€16.6 million) from backers that include Sequoia, which has previously led investments into the likes of Apple, Stripe, Airbnb, WhatsApp and Instagram.

Founded by Dr Joe Fitzsimons in 2018, Horizon is focused on building software development tools to unlock the potential of quantum computing hardware.

The investment is to be used by the company to strengthen its science and engineering teams to accelerate ...