Ukrainian-founded startup Haiqu, which develops advanced software to accelerate quantum computing, has raised $1.6 million for the Compilation Open Design (CODE) project to advance Canadian innovation and research through open-source access for exploring new applications of quantum technologies.
- Founded in 2022 by Mykola Maksymenko and Richard Givhan, Haiqu is a quantum computing software firm that develops enabling technology to enhance the performance of modern quantum hardware, addressing adoption challenges and enabling practical applications across finance, life sciences, mobility, and other fields.
- In 2023, the firm secured $4 million in pre-seed funding to support product development and build a partner ecosystem for its market launch.
- The startup has partnered with Open Quantum Design (OQD), a non-profit working on the world’s first full-stack open-source quantum computer, and Xanadu, a Canadian quantum hardware and software company.
"At Haiqu, we’re partnering with Open Quantum Design (OQD) and Xanadu — supported by Canada’s Digital Technology Supercluster — to develop a next-generation quantum compilation infrastructure that will unlock the path to early and fully fault-tolerant applications," Haiqu's team stated on LinkedIn.
- The $4.1 million project aims to advance Canadian innovation by providing open-source access to quantum technologies, allowing researchers to explore new applications and create widely accessible intellectual property in quantum computing.
“Open-source is a proven environment for innovation, and we’re excited to work with our partners, Xanadu and Haiqu. Bringing together knowledge, resources, and diverse perspectives on an open platform allows technology development and potential scaling at a rapid pace,” claims Greg Dick, OQD’s CEO.
- The CODE partners will collaborate in an open-access “sandbox” to develop the Catalyst compiler, which translates hybrid quantum-classical programs into machine instructions for quantum hardware, helping bridge the gap between quantum and classical computers and advancing quantum applications.
- The CODE project aims to enable open-source access to quantum technologies, support research, and help develop practical quantum applications.
