Tiger Global-backed Algorithmiq to collaborate with IBM over drug discovery using Quantum
Algorithmiq, a Helsinki-based quantum computing startup, has pulled in a deal with IBM to super-charge its exploration of quantum algorithms applied to the life sciences. Algorithmiq announced a $4m seed round backed by investment from Tiger Global, K5 Global and various angel investors. Algorithmiq also won the honour of being the "Hottest DeepTech Startup In Europe" award at the long-standing Europas Awards, held this year in in Lisbon.