Rahko secures £1.3m seed funding from Balderton Capital to expand team
The seed round was led by Balderton Capital and will fund team expansion.
Rahko builds quantum machine learning software designed to accelerate chemical simulation and discovery. The company works alongside major hardware manufacturers and industrial partners to solve complex computational problems.
Rahko has secured £1.3m in seed funding to expand its specialist team and advance its quantum machine learning platform. The round was led by Balderton Capital, with participation from AI Seed and a group of prominent angel investors. The capital will enable the firm to recruit talent globally and tackle more ambitious research in chemical simulation.
The company was established to address the computational limitations of classical computers in chemistry and materials science. By combining hybrid algorithms and quantum software, Rahko aims to make quantum capabilities commercially usable for enterprise applications.
Investor perspective
"Rahko is one of the top teams in the world working on a complex space at the very edge of science and computing. The application of discoveries within quantum has already been profound and impacted our fundamental understanding of the world around us. The pace and rate of change in this field over the past few years has been astonishing, and we feel incredibly lucky to be supporting this exceptional team as they continue to push the boundaries of what’s possible."
Lars Fjeldsoe-Nielsen
General Partner, Balderton Capital
Use of funds
- 01Grow the team