Foley Hoag Represents Zapata Computing in $38M Series B Financing
December 09, 2020
Foley Hoag LLP represented quantum computing company Zapata Computing in closing a $38 million Series B financing, led by Comcast Ventures, Pitango and Prelude Ventures, with the support of additional existing Series A investors, including BASF Venture Capital, Robert Bosch Venture Capital and The Engine, as well as the commitment of new investors Ahren Innovation Capital, Alumni Ventures Group, Honeywell Venture Capital, ITOCHU Corporation and Merck Global Health Innovation Fund. Zapata will use the Series B funds to drive adoption of quantum-enabled workflows for data analytics, scale the Zapata team and deliver quantum advantage for customers through real business use cases.
Located in Cambridge, MA, Zapata is a quantum software company empowering enterprise teams to accelerate quantum solutions and capabilities. The company is spearheading a new quantum development paradigm with the introduction of its Orquestra® platform to improve data analytics performance, empower companies and research organizations to build quantum-enabled workflows™, execute them across the full range of quantum and classical devices, and then collect and analyze resulting data.
Foley Hoag attorneys Patrick Connolly, Kevin Lin and Sarah Ropiak represented Zapata in the transaction, with assistance from Colin Kirby and Gwen Jaramillo.
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