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Mitsubishi Announces Fund Investment in QunaSys Startup

The two parties look forward to strengthening their working relationship in order to tackle major challenges in the manufacturing industry.

Mitsubishi Electric Corporation┬áhas shared that its ME Innovation Fund has invested in QunaSys. QunaSys’s active involvement in quantum-computing research and development includes management of the QPARC industry consortium to help partners learn about quantum computers.

FundThrough the investment, QunaSys aims to apply its research toward practical new applications. In partnership with Mitsubishi Electric, QunaSys will accelerate its research and development of quantum-chemical calculations and quantum machine learning as well as the fusion of these fields. The two parties look forward to strengthening their working relationship in order to tackle major challenges in the manufacturing industry.

Quantum computing enables companies to solve problems exponentially faster than in the case of using conventional computers. Many applications are being considered for quantum computers, including quantum chemical calculations and quantum machine learning.

Tennin Yan, CEO of QunaSys, Inc. said: “Demands are increasing for new materials, especially those with low environmental impact. High-precision quantum chemical calculations, which can only be achieved by using quantum computers, are expected to help reduce the time and cost of research and development as well as facilitate more efficient exploration.”

Hiroshi Sakakibara, Executive Officer and CDO of Mitsubishi Electric Corporation, said: “Advances in quantum machine learning are expected to model unknown data distributions that could not have been discovered using conventional machine learning. We see the potential not only to solve identified problems faster, but also to solve problems that have never been explored. Furthermore, we expect such undertakings to help us create technological assets that are even more valuable for our customers and society.”

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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