Agnostiq Receives Additional $6.1 Million in Funding in a Seed Extension Round

Agnostica thriving Toronto-based quantum software developer Covalent, an open-source workflow orchestration platform, has received a $6.1 million seed expansion venture investment. This follows a $2 million seed investment they received in May 2021. The investment was led by Differential Business with the additional participation of Scouting Business, Tension Business Partners, Green Egg Business and Rob Granieri, Principal at Jane Street Capital. The company indicated that it would use the funds to continue development of Covalent Cloud, a commercial offering that will work with Covalent software and make it easier for end users to integrate classical and quantum processor activities working together in heterogeneous computing environments to solve their computing problems. Additional information about this additional funding can be found in the posted press release Here.

April 5, 2023