Accenture invests in good chemistry company to boost quantum computing in materials and life sciences
NEW YORK, April 6, 2022 — Accenture has made a strategic investment, through Accenture Ventures, in Good Chemistry Company, a company that uses quantum chemistry, machine learning and quantum computing to accelerate the design of new materials.
The Good Chemistry Company platform, QEMIST Cloud, combines cloud, AI and quantum computing in an integrated platform designed for developers. The platform’s engine provides faster, more accurate, and scalable ways to perform computational chemistry simulations.
“We are doubling the growth potential of quantum computing and uncovering new ways to unlock its potential while enabling our customers to confidently absorb and access this breakthrough technology,” said Tom Lounibos, Director CEO of Accenture Ventures. “Simulating chemistry in this new way relies on easily and easily accessible computers in the cloud to perform simulations that were previously intractable, even on expensive, high-performance computing environments. This brings competitive advantage to customers and can change pharmaceutical drug discovery and more.
According to Accenture Technology Vision 2022, 69% of global leaders say quantum computing will have a revolutionary or transformational positive impact on their organizations in the future. Quantum is the pinnacle of next-generation problem solving and Accenture and Biogen have previously collaborated with 1QBit to accelerate drug discovery, developing a proof-of-concept that validated a quantum computing molecule comparison approach and creating an enterprise-ready, quantum-enabled application with transparent processes that generates molecular comparison results with deeper insights into shared traits.
Arman Zaribafiyan, CEO of Good Chemistry Company, said, “With our platform, we are reimagining the way computational chemistry simulations are performed. Simulation of chemistry on computers will help make materials innovation faster, more accurate and more accessible in the decades to come. With the support and collaboration of Accenture, we will be able to explore the vastness of chemical space and enable rational material design at scale. »
Carl Dukatz, Global Head of Quantum Computing at Accenture, said, “By strengthening and extending our relationship with 1QBit at the new Good Chemistry company, we demonstrate our continued commitment to accelerating innovation in quantum computing. We are seeing the emergence of a new class of scalable cloud technologies that push the boundaries of what computers can do. We recognize the potential to arm our clients with the next generation of chemistry, materials science and structural design.
Good Chemistry Company is the latest organization to join Accenture Ventures’ Project Spotlight, an engagement and investment program that connects emerging technology software startups to the Global 2000 to fill strategic innovation gaps. Project Spotlight provides extensive access to the domain expertise of Accenture and its corporate clients, helping startups harness human creativity and deliver on the promise of their technology.
Terms of the investment were not disclosed.
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About Good Chemistry Company
Good Chemistry Company’s mission is to enable high-throughput, high-accuracy computational chemistry simulations to accelerate the design of new materials. Their proprietary QEMIST Cloud, a cloud-based computational chemistry platform, provides the building blocks for computational chemistry developers to build chemical simulation applications and workflows, using emerging algorithms in quantum chemistry, machine learning and quantum computing. Through simple and easy-to-use APIs, QEMIST Cloud provides access to computational chemistry tools with unprecedented scale made possible by the power of the cloud. Based in Vancouver, Canada, Good Chemistry Company’s interdisciplinary team includes computational and quantum chemists, software developers, ML engineers, and quantum computing scientists. For more information about Good Chemistry Company, visit goodchemistry.com.