QC Ware Closes a $25 Million Series B Round to Fund Expansion

The round was led by corporate investors Koch Disruptive Technologies and Covestro who along with Samsung Ventures and Citi all represent strategic corporate investors. D.E. Shaw and Pegasus Tech Ventures also participated in the round. This new round brings the total investment that has been made in QC Ware to almost $40 million. The new funds will be used to expand the QC Ware team and support the accelerated development of Forge™, QC Ware's software development platform. Navin Maharaj from Koch Disruptive Technologies and Sandeep Arora from Citi Sandeep will join QC Ware's board of directors. QC Ware has been able to secure a growing number of customers including Aisin Group, Airbus, Air Force Research Laboratory (AFRL), BMW Group, Equinor, Goldman Sachs, Total and potentially additional ones that have not yet been publicly announced. The company's differentiator is their ability to create fine-tuned highly efficient algorithms for practical industry problems that require fewer hardware resource and allow implementation on smaller and nearer term generations of hardware. For more about this new funding, you can view an announcement provided by QC Ware that can be viewed here.

September 29, 2021