BASF Invests in Quantum-Computing Startup
17 Abril 2019 - 11:29AM
Dow Jones News
By Nathan Allen
BASF SE (BAS.XE) said Wednesday that its venture-capital arm has
invested in quantum-computing startup Zapata Computing, Inc.'s
series A funding round.
Cambridge, Mass.-based Zapata is developing a software platform
that will allow companies to harness quantum-computing hardware to
crunch vast amounts of data.
"Quantum computing will enable BASF experts to very efficiently
investigate complex questions and it will further shorten the time
it takes to launch new products," BASF said.
Zapata said it raised $21 million through the financing, which
was led by Comcast Corp.'s (CMCSA) Comcast Ventures.
BASF didn't disclose the size of its investment.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 17, 2019 10:14 ET (14:14 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.