Jij Raises 200 Million Yen Toward Using Quantum Annealing to Solve Problems, Create ‘Smart Cities’

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Jij Inc. has announced that it has closed a 200 million yen — or about $1,885,270 U.S. — in a series A round.

Jij Inc., a leading company that provides quantum annealing technology, has announced today that it has closed a 200 million yen — or about $1,885,270 U.S. — series A round from three VCs based in Japan: Anri, Deepcore and Mirai Souzou, according to a company news release.

Jij utilizes state-of-the-art hardware and research methods, including Ising machines and quantum annealing, for developing technologies to solve industrial problems that are difficult to deal with conventional computational methods. This procurement accelerates the development of Jij-Cloud, an enterprise optimization cloud-based middleware to realize smart cities.

Jij is a research and development startup founded by world-class quantum annealing researchers through START (Japan Science and Technology Agency) program that helps create new industries.

According to the company release, the recent technological developments of the Internet and AI have made it possible to predict human behavior patterns, and new services are being created to meet the mobility needs and fluctuations in energy supply and demand that may arise from them. On the other hand, it is not easy with the conventional method to perform the calculation that makes the best judgment among the expected data and constraints that have become enormous in quality and quantity.

To solve such “difficult problems”, Jij is conducting practical research on combinatorial optimization using Ising machine algorithms based on quantum technology.