Strangeworks Announces Completion of $24M Series A Funding
Strangeworks, Inc. announced the successful completion of their $24 million Series A funding on the 5th anniversary of the company’s public debut at SXSW in 2018.
AUSTIN, Texas, March 21, 2023 — Strangeworks, Inc. announced the successful completion of their $24 million Series A funding on the 5th anniversary of the company’s public debut at SXSW in 2018. Led by world-class investors who share the company’s mission and have witnessed enterprise customers benefit from the Strangeworks ecosystem, the new funding reaffirms the company’s strategy in the emerging quantum computing market, which is projected to hit $125 billion by 2030.
With this investment, Strangeworks expanded its core team by 40% in Q4 2022 and is now able to offer a wider range of technologies beyond quantum computing, including quantum-inspired, high-performance computing, and artificial intelligence. This allows Strangeworks to provide immediate business value to enterprises while helping them prepare for an ever-changing computing landscape.