Quantum machine learning company Rahko has raised £1.3m (USD1.6) in a seed round led by Balderton, with participation from AI Seed and leading angel investors.
Founded last year by Leonard Wossnig, Edward Grant, Miriam Cha and Ian Horobin, Rahko is building a ‘quantum discovery’ capability for chemical simulation, which could enable groundbreaking advances in batteries, chemicals, advanced materials and drugs.
The funding will help Rahko to grow its team of experts in order to take on bigger and more ambitious work. It expects to recruit from across the globe, since quantum machine learning is an emerging discipline with few practitioners.
Read Colin Hanna's thinking behind the investment here.
The funding was announced today in TechCrunch.