On the fifth anniversary of the business’s public debut at SXSW in 2018, Strangeworks, Inc., announced the successful conclusion of their $24M Series A fundraising
Strangeworks is an unorthodox computing software firm that William Hurley founded in 2018. It is now democratizing access to quantum computing by creating and delivering tools for software researchers and developers, as well as systems management for IT administrators and CIOs.
“Today’s announcement represents a significant milestone for Strangeworks, five years ago, I took the stage at SXSW for our first quantum computing keynote.
Since that day this team has stayed focused on our core mission, continuously beating industry expectations while utilizing only a fraction of the resources compared to the industry. Raising the Series A from these exceptional investors in this challenging economic climate sends a clear message to the market on where enterprise companies are placing their bets in the race to create quantum value.”
said founder and CEO William Hurley
Hitachi Ventures served as the round’s lead investor, with participation from IBM, Raytheon Technologies, and their initial partners Lightspeed, GreatPoint Ventures, and Ecliptic Capital.
Strangeworks is now able to offer a wider range of technologies beyond quantum computing, including quantum-inspired, high-performance computing, and artificial intelligence, thanks to this investment, which resulted in a 40% increase in the size of its core staff in Q4 2022. This enables Strangeworks to offer businesses immediate commercial value while assisting them in getting ready for a computing world that is always changing.
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