Foley Hoag Represents Zapata Computing in $21M Series A Financing
April 22, 2019
Foley Hoag LLP represented quantum computing company Zapata Computing in a $21 million Series A financing co-led by Comcast Ventures and Prelude Ventures , one of the biggest rounds for software in the quantum computing space and a significant Series A round in the Boston technology community. Zapata aims to be the market leader in quantum algorithms and software, providing a complete toolset for solving problems on near term quantum computers.
Founded in 2017 in Cambridge, MA, and based on technology developed at Harvard University, Zapata is a leading enterprise technology company focused on developing powerful, hardware-agnostic solutions for simulation, optimization, and machine learning applications in chemistry, finance, logistics, pharmaceuticals, engineering and materials. Zapata plans to use the financing to accelerate product development and expand their business into new markets and regions.
Foley Hoag attorneys Patrick Connolly and Mark Cloutier represented Zapata in the transaction.
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