Mitsubishi Electric’s ME Innovation Fund Invests in QunaSys Startup

Rhea-AI Summary

Mitsubishi Electric Corporation has announced an investment in QunaSys, Inc., a startup focused on quantum computing algorithms that require no special expertise to use. This collaboration aims to enhance quantum-chemical calculations and quantum machine learning, addressing significant challenges in the manufacturing sector. The CEO of QunaSys emphasized the increasing demand for sustainable materials, which high-precision quantum calculations could help develop more efficiently.

Positive

• Investment in QunaSys, enhancing quantum computing capabilities.
• Focus on practical applications in quantum-chemical calculations and machine learning.
• Partnership aims to tackle challenges in the manufacturing industry.

Negative

• None.

Developer of advanced quantum-computing software that customers can use without special expertise

TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in QunaSys, Inc., a leading Japanese startup that has gathered diverse research scientists to develop innovative algorithms that maximize the potential of quantum computing, including through applications that can be used without special expertise. QunaSys’s active involvement in quantum-computing research and development includes management of the QPARC industry consortium to help partners learn about quantum computers.

Through 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.”

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Takeyoshi Komatsu

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Mitsubishi Electric Corporation

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Source: Mitsubishi Electric Corporation

FAQ

What investment did Mitsubishi Electric make in QunaSys?

Mitsubishi Electric invested in QunaSys, a startup specializing in quantum computing algorithms.

What is the primary focus of QunaSys after Mitsubishi's investment?

QunaSys aims to enhance quantum-chemical calculations and quantum machine learning.

How does quantum computing benefit the manufacturing industry?

Quantum computing allows companies to solve complex problems much faster than conventional computing, potentially leading to more efficient material development.

What does the investment in QunaSys mean for Mitsubishi Electric's future?

This investment positions Mitsubishi Electric to leverage advanced quantum computing for solving manufacturing challenges.

When was the investment in QunaSys announced?

The investment was announced by Mitsubishi Electric on May 9, 2022.