# Zapata Computing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zapata-computing

- Industry: Software
- Headquarters: Boston, US
- Website: www.zapatacomputing.com
- Total disclosed funding: $56M
- Latest round: Series B (Aug 31, 2020)
- Investors on record: 13

## About

Zapata Computing, Inc. provides quantum computing solutions that empower businesses to tackle complex problems across various industries, enhancing their capabilities through advanced algorithms and software frameworks.Zapata Computing, Inc. specializes in quantum computing technologies designed to solve intricate computational challenges. Founded in 2017, the company is headquartered in Boston, US. The company has undergone strategic shifts to focus on software development for quantum applications. The founders include Alan Aspuru-Guzik, Christopher Savoie, Jhonathan Fontalvo, Jonathan Olson, and Yudong Cao. The latest funding round was a VENTURE DEBT round on June 13, 2023, raising USD 4.88 mn, contributing to a total of USD 28.87 mn raised across six deals. The CEO is Christopher Savoie.Zapata Computing, Inc. offers a range of quantum computing solutions including software frameworks and algorithms that facilitate quantum applications for businesses. Their platform is designed to enable companies to leverage quantum technologies for optimization, machine learning, and simulation tasks. The clientele primarily includes enterprises looking to integrate quantum solutions into their operations, spanning industries such as finance, pharmaceuticals, and logistics, with a presence in North America, Europe, and parts of Asia.Zapata Computing, Inc. generates revenue through a subscription-based model for its quantum software services, offering different tiers tailored to the needs of businesses. Clients typically engage in contractual agreements for monthly or annual subscriptions, which may include features such as enhanced support and access to advanced computational resources. This pricing structure accommodates a diverse customer base ranging from startups to large corporations, with a focus on delivering high-performance quantum computing capabilities that contribute to the company’s overall revenue.As outlined in their recent funding round in June 2023, Zapata Computing, Inc. plans to utilize the raised USD 4.88 mn to further develop their quantum computing software and expand into new markets. The company aims to launch new product features and enhancements within the next year, targeting growth in sectors such as pharmaceuticals and finance. Additionally, Zapata intends to expand its services into regions including Asia and Europe by the end of 2024, focusing on collaborative partnerships with industry leaders in these markets.

## Funding rounds

- Series B, Aug 31, 2020, $29M — Pitango, Comcast Ventures, Itochu, BASF, Merck Global Health Innovation Fund, Robert Bosch Venture Capital, Prelude Ventures, Alumni Ventures Group, Engine Ventures, Honeywell Ventures, Ahren Innovation Capital
- Series A, Apr 3, 2019, $22M — Pitango, Comcast Ventures, BASF, Robert Bosch Venture Capital, Prelude Ventures, Pillar, Engine Ventures
- Seed, Mar 20, 2018, $5.4M — Founders Fund, Prelude Ventures, Pillar, Engine Ventures

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- Prelude Ventures — Seed, Series A, Series B
- Pillar (https://capitalatlas.ai/funds/pillar) — Seed, Series A
- Engine Ventures (https://capitalatlas.ai/funds/engine-ventures) — Seed, Series A, Series B
- Pitango (https://capitalatlas.ai/funds/pitango) — Series A, Series B
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series A, Series B
- BASF (https://capitalatlas.ai/funds/basf) — Series A, Series B
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series A, Series B
- Itochu — Series B
- Merck Global Health Innovation Fund (https://capitalatlas.ai/funds/merck-global-health-innovation-fund) — Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B
- Honeywell Ventures (https://capitalatlas.ai/funds/honeywell-ventures) — Series B
- Ahren Innovation Capital (https://capitalatlas.ai/funds/ahren-innovation-capital) — Series B