Qedma
Category: AI Infrastructure
Hardware-agnostic software to make quantum computers more effective by mitigating errors. Qedma was founded in 2020. The company is led by Dr. Asif Sinay. Based in Tel Aviv, Israel. Team size: 26. Total funding raised: $30.7M. Latest round: Series A. Key investors include Glilot Capital Partners, TPY Capital, Korean Investment Partners, IBM, qfund, Taglit Ventures, Yissum Technology Transfer.
- Founded
- 2020
- Headquarters
- Tel Aviv, Israel
- Team size
- 26
- Total funding
- $30.7M
Value proposition
Enables users to run complex quantum algorithms on existing noisy quantum computers by improving performance and suppressing errors at the software level.
Products and solutions
QESEM (Quantum Error Suppression and Error Mitigation)
Unique value
Qedma's approach is hardware-agnostic, allowing its software to run on various quantum computing platforms (e.g., superconducting, trapped ions) to maximize their utility.
Target customer
Enterprises and organizations utilizing cloud-accessible quantum hardware and quantum hardware developers.
Industries served
Quantum Research & Development, Finance (risk management), Drug Discovery, Materials Science, Energy (battery design), Logistics Optimization, Weather Forecasting
Technology advantage
Advanced software-based error mitigation techniques that improve the reliability of current Noisy Intermediate-Scale Quantum (NISQ) computers without needing hardware modifications.
How they differentiate
Qedma focuses specifically on a hardware-agnostic software layer for error mitigation, embedding itself in major ecosystems like IBM's Qiskit to increase accessibility, unlike competitors who may focus on circuit synthesis or full-stack solutions.
Main competitors
Classiq, Zapata Computing, Riverlane
Key partnerships
IBM, IonQ, RIKEN, Amazon Web Services (AWS)
Notable customers
Evaluation agreement signed with an unnamed 'largest company in the market'.
Major milestones
Raised a $26M Series A round with strategic investment from IBM. Product integrated into IBM's Qiskit Functions Catalog. Successfully conducted a demo on IonQ's Aria quantum computer. Established collaboration with Japan's RIKEN institute to combine supercomputers with quantum resources.
Growth metrics
Not publicly disclosed
Market positioning
Positioned as a key enabler for enterprises looking to extract value from today's imperfect quantum machines.
Geographic focus
Global, with a strong presence in Israel and collaborations in the US and Japan.
Patents and IP
1 patent filed
About Dr. Asif Sinay
Dr. Asif Sinay, the CEO of Qedma, has a rich background in quantum physics and research. He holds a PhD from the Weizmann Institute of Science and an M.Sc. from the Technion. His professional journey includes leading a research team at Magic Leap and working as a physicist at Rafael Ltd. He is also a graduate of the prestigious Talpiot program.
Official website: https://www.qedma.com