?? State Farm Ventures? Invests in Entropica Labs to Drive Innovation in Quantum Computing ?? We are thrilled to announce that State Farm Ventures has invested in Entropica Labs, extending our Series A round to US$5.5 million! This investment marks a new chapter in our collaboration to accelerate the adoption of quantum computing. At Entropica Labs, we focus on unlocking the full potential of quantum computing through Fault-Tolerant Quantum Error Correction. With this additional support, we’re excited to push our research and product development even further, building the logical design software essential for the next generation of quantum computers. As Tommaso Demarie, our CEO, shared: "We are very pleased to welcome State Farm Ventures as an investor. Being supported by the venture arm of a Fortune 50 company like State Farm is a significant recognition of our capabilities. We look forward to collaborating with State Farm’s Innovation Team to apply our software tools to real-world insurance use cases, driving mutual growth and innovation." Mike Remmes, Vice President of State Farm Ventures, added: "We see immense potential in quantum computing to drive innovation across multiple sectors. Our investment in Entropica Labs represents our commitment to embracing technologies that can enhance various industries and deliver greater value." We are proud to be at the forefront of quantum computing innovation and look forward to the exciting developments ahead. Thank you, State Farm Ventures, for your confidence in our mission! For more information, visit https://lnkd.in/d2A75B9G #QuantumComputing #Innovation #QuantumErrorCorrection #StateFarmVentures #EntropicaLabs #TechNews
Faculty at College of Business, Illinois State University
2 个月Ventures is speaking via Zoom tonight to my BIS 270 Technology class at the ISU School of Business.