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.
Most people find quantum computers mysterious and wonder if they are going to save or break the world as we know it. In reality, quantum computing is going to unlock radical advances in areas of research and technology in which we have found ourselves stuck for some time now. Our team is excited to get together every day to work on problems that would have been impossible to solve only a couple of years ago. We are delighted to welcome on board this unique group of investors who truly share our excitement. 
