Amadeus Capital Partners’ new partner Manjari Chandran-Ramesh sees quantum technology as a new area for investment that’s starting to grow.
Chandran-Ramesh, who joined Amadeus from IP Group, has a deep background in technology and has worked in large tech companies and venture firms. Working with the early-stage team at Amadeus, she will look to expand on the firm’s deep tech portfolio. She has invested in companies working with artificial intelligence, machine learning and quantum computing.
Chandran-Ramesh told Venture Capital Journal that interest in backing such technologies as quantum computing has grown as companies have moved from the research phase to actual use cases.
“There’s a lot of momentum for quantum now,” she said. “You see it in the number of start-ups which grew exponentially in just the last four years.”
UK-based Amadeus, which has offices in the US and Latin America, earlier this year closed on £110 million ($150 million) for its latest early-stage, deep tech investment platform, Amadeus V Technology Fund.
Chandran-Ramesh added that the UK has also seen an explosion in start-ups working with artificial intelligence and machine learning. In addition, Europe, especially the UK, has been putting significant money into quantum and AI research, making Europe well-placed for investment interest in these technologies.
For her, quantum computing has been around since the first research papers came out in the 1980s, but today’s quantum computers have definitely moved beyond the ideation stage and more into real-life applications.
But with more companies working with machine learning, artificial intelligence and quantum computing, Chandran-Ramesh said it’s become even more necessary for investors to really do their due diligence and look at the strength of the intellectual property. She warned that it’s very easy for investors to buy a company too early, before it’s even proven its use case.
“We are seeing a number of deep tech companies being acquired a little too early by US acquirers,” she said. “And they’re attracted to things like quantum computing because they see things like the Gartner curve putting quantum right at the top.”
Chandran-Ramesh has more than a decade of experience working with companies to bring their intellectual property to commercialization. She has a PhD in machine learning and autonomous vehicles from Oxford University, where she was a Rhodes Scholar. Chandran-Ramesh said she plans to leverage her deep tech network in Oxford, Cambridge and London and bring it to Amadeus.
In her role at IP Group, Chandran-Ramesh was responsible for creating and leading the firm’s quantum technologies investment strategy and helped set up its initial accelerator fund. She had been a technology transfer manager at Oxford University Innovation and worked at Alphabet as part of her doctorate.