Quantum advantage for chemistry and materials science
Qunova Computing is a South Korea-based quantum software startup specializing in quantum algorithm development for chemistry, pharmaceuticals, and engineering. Founded in 2021 and headquartered in Daejeon, the company developed HI-VQE (Hardware-efficient Iterative Variational Quantum Eigensolver), a hardware-agnostic quantum algorithm that has demonstrated quantum advantage over supercomputing for molecular simulation tasks. Qunova's algorithms are tested on IBM and AWS quantum systems and target practical applications in drug discovery and materials science. The company raised $10M in Series A funding in August 2025 from S Ventures and others.
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