The startup creates algorithms, software tools, methods and models for quantum computers.
As world events prompt everyone to enter the big data scene, classic computers may not be enough to handle this bulk, but quantum computers can. In comparison to the typical machines, quantum computers are made to solve problems in big data whereas the traditional computers can only store information. Given that quantum computing is still a nascent industry, tech startup Entropica Labs aims to be one of the firms to pioneer in bringing that tech to Singapore.
“In the last [few] years, huge corporations and startups alike have created cloud infrastructures for users to connect and utilise small-scale quantum processors. A fast-growing hardware ecosystem calls for the parallel and complementary growth of a software and applications landscape, a process highly reminiscent of what happened in classical computing after the 50s. This is the part of the story where Entropica enters the scene,” said Tommaso Demarie, co-founder and CEO at Entropica Labs.
The Singapore-based startup builds algorithms, software tools, methods and models to make quantum computers useful.
Demarie shares that they are following three avenues on this area: first is applied research, where they investigate and develop algorithms and techniques on the quantum hardware we can access today; second, is around problem-solving, supporting enterprise partners to become quantum-aware and help clients map problems to diverse quantum computing frameworks; lastly is on preparing to create novel software tools and methods for quantum computers that can be utilised commercially.
“We came to appreciate the fundamental importance of 1) Understanding how to code and use different quantum computing platforms, 2) benchmark these machines and 3) have application-agnostic software tools and architectures,” he added.
Apart from tech development, the startup is working with the BMW Group Innovation and Strategy Office in Singapore to explore use cases of quantum optimisation in the logistics and transportation space.
In May, Entropica Labs raised $2.6m in a seed funding round led by Elev8 and joined by SGInnovate, VC Wavemaker Partners, the Lim Teck Lee Group, V1 Capital, Entrepreneur First and the Japanese software enterprise TIS Inc. Demarie stated that their strategy was having a combination of smaller and larger VCs, government support and strategic corporate investment as each investor brings to the table a different perspective.
“Looking ahead, we intend to play a substantial role in further growing the quantum ecosystem in Singapore, together with public and private institutions. We also work a lot with students, offering internships and apprenticeship opportunities,” Demarie said.
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