Rahko

Rahko

A company developing a quantum discovery platform for the chemical simulations.

Rahko is a London-based quantum machine learning (QML) company developing a platform for chemical simulations. The company was founded in 2018 by Leonard Wossnig, Edward Grant, Miriam Cha, and Ian Horobin.Wossnig and Grant were collaborators during their PhDs at University College London. They had been working on research in quantum machine learning (QML) with now lead developers Shuxiang Cao and Hongxiang Chen.

Quantum Computing offers greater computational power compared to classical machines, however Noisy Intermediate-Scale Quantum (NISQ) computers struggle to perform useful applications due to high error rates. Research by Rahko and other teams have shown QML to be resilient to high noise error issues and have the potential for meaningful work to be achieved using NISQ computers. Rahko’s team focuses on 2nd generation QML algorithms, ‘parametrized quantum circuits’ that can be trained like deep learning models and be highly robust to noise.

Chemical simulation is the immediate research area for Rahko's QML technology. Chemical simulations take time consuming and expensive research, in areas including chemical engineering, drug discovery and material science, out of the lab and onto a computer. Chemical simulation using QML allows for the development of batteries, superconductors, therapeutic drugs, solar technologies, and advanced materials, among others.

Rahko originates from UCL’s Computer Science programme, supported by Conception X, a venture builder for deep tech startups. Rahko's partners include IBM, Microsoft, the Nvidia Innovation program, Amazon Web Services Activate program, and the Quantum Business Network (QBN).

Hyrax

Hyrax is Rahko's platform that utilizes a proptietary pipeline for the integration of quantum and classical hardware with QML algorithms. With Hyrax, Rahko work with customers on commercially valuable problems in chemical simulation that were previously impossible to solve with classical computers. Hyrax allows clients to rapidly test and prototype algorithms, and efficiently access the best available quantum computers.

The platform has a high level python interface and is hardware agnostic, it can be integrated with multiple backends including IBM Qiskit, Google Cirq, Rigetti Forest and TensorFlow.

Funding

On October 11th, 2019, Rahko raised $1.6M in a Seed round led by Balderton Capital with participation from private investors Charles Songhurst (former Microsoft head of Corporate Strategy), Tom McInerney (founder, TGM Ventures), John Spindler (CEO, Capital Enterprise) and James Field (CEO, LabGenius).

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Rahko Seed round, October 2019
1,600,000
October 11, 2019
1 Result
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People

Name
Role
LinkedIn

Andy Martyn

Advisor

Dr. George Booth

Advisor

Edward Grant

CSO & Co-Founder

Hongxiang Chen

Quantum Software Engineer

Ian Horobin

Executive Chairman & Co-Founder

John Spindler

Advisor

Jules Tilly

Research Scientist

Leonard Wossnig

CEO & Co-Founder

Miriam Cha

COO & Co-Founder

Peter Mountney

Advisor

Prof. Jonathan Tennyson

Advisor

Prof. Mike Payne

Advisor

Shuxiang Cao

Quantum Software Engineer

Thomas Rogers

Quantum Machine Learning Scientist

Further reading

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Companies

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CEO
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News

Title
Author
Date
Publisher
Description
Mike Butcher
June 26, 2020
TechCrunch
Last year The Europas Awards for European Tech Startups was held at a sunny garden party next to a historic museum in London. Last night, because of the global Coronavirus pandemic, it was held over Zoom. But the enthusiasm and success of Europe's tech startup industry still shone through the list of finalists and winners. [...]

References

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