News Briefs

Agnostiq competes C$6.1m seed extension led by Differential

Toronto-based Agnostiq develops software tools that make quantum and high performance computing resources more accessible to enterprises and developers.

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  • Differential Ventures led the round
  • Other participants included Scout Ventures, Tensility Venture Partners, Green Egg Ventures and Rob Granieri, a principal at Jane Street Capital
  • The funds raised will be used to accelerate development and commercialization of Agnostiq’s platform

Agnostiq, a Toronto-based distributed computing startup, has secured C$6.1 million in seed extension financing. The company previously raised C$2 million in seed funding.

Differential Ventures led the round. Other participants included Scout Ventures, Tensility Venture Partners, Green Egg Ventures and Rob Granieri, a principal at Jane Street Capital.

Agnostiq develops software tools that make quantum and high performance computing resources more accessible to enterprises and developers. The funds raised will be used to accelerate development and commercialization of its platform.

“We are very pleased to support Agnostiq on shaping the future of quantum and high performance computing and contributing to one of the most transformative technologies of our time,” says David Magerman, managing partner at Differential Ventures, in a statement. “Covalent, Agnostiq’s open-source workflow orchestration platform, helps customers unify access to their cloud and on-premise HPC resources, while making it easier for them to integrate new computing paradigms into their stack, such as quantum computers and other specialized hardware.”