About Entropica Labs
Entropica Labs is a company based in Singapore (Singapore) founded in 2018 by Tommaso Demarie and Ewan Munro.. Entropica Labs has raised $7.34 million across 3 funding rounds from investors including State Farm, Wavemaker Partners and TIS. Entropica Labs offers products and services including Loom. Entropica Labs operates in a competitive market with competitors including Orange Quantum Systems, Quantum Benchmark, Opacity, Commutator Studios and Quantum Oracles, among others.
- Headquarter Singapore, Singapore
- Founders Tommaso Demarie, Ewan Munro
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Entropica Labs Pte. Ltd
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Annual Revenue
$119.66 K (USD)78as on Dec 31, 2021
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Net Profit
$-493.36 K (USD)-35as on Dec 31, 2021
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EBITDA
$-490.97 K (USD)-35as on Dec 31, 2021
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Total Equity Funding
$7.34 M (USD)
in 3 rounds
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Latest Funding Round
$800 K (USD), Series A
Sep 05, 2024
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Investors
State Farm
& 11 more
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Employee Count
Employee Count
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Products & Services of Entropica Labs
Entropica Labs offers a comprehensive portfolio of products and services, including Loom. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Transforms quantum applications into fault-tolerant, hardware-ready solutions.
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Funding Insights of Entropica Labs
Entropica Labs has successfully raised a total of $7.34M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $800 thousand completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $800,000
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First Round
First Round
(11 May 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - Entropica Labs | Valuation | State Farm |
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| Nov, 2023 | Amount | Series A - Entropica Labs | Valuation | LIFTT , Wavemaker Partners | |
| May, 2020 | Amount | Seed - Entropica Labs | Valuation | Elev8 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Entropica Labs
Entropica Labs has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include State Farm, Wavemaker Partners and TIS. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Investments in early-stage technology companies are made by Wavemaker Partners.
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Founded Year | Domain | Location | |
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Government-backed fund investing in tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Entropica Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Entropica Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Entropica Labs Comparisons
Competitors of Entropica Labs
Entropica Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Orange Quantum Systems, Quantum Benchmark, Opacity, Commutator Studios and Quantum Oracles, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Software for quantum computing performance analysis is provided.
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| domain | founded_year | HQ Location |
Software solutions for quantum hardware analysis and verification are provided.
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| domain | founded_year | HQ Location |
Error mapping software for quantum devices is provided.
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| domain | founded_year | HQ Location |
Quantum software tools are developed for optimizing application performance.
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| domain | founded_year | HQ Location |
Software and toolkit for benchmarking quantum devices are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Entropica Labs
Frequently Asked Questions about Entropica Labs
When was Entropica Labs founded?
Entropica Labs was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Entropica Labs located?
Entropica Labs is headquartered in Singapore, Singapore.
Who is the current CEO of Entropica Labs?
Tommaso Demarie is the current CEO of Entropica Labs. They have also founded this company.
Is Entropica Labs a funded company?
Entropica Labs is a funded company, having raised a total of $7.34M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.84M, raised on May 11, 2020.
What is the annual revenue of Entropica Labs?
Annual revenue of Entropica Labs is $119.66K as on Dec 31, 2021.
What does Entropica Labs do?
Entropica Labs was founded in 2018 in Singapore and operates in the quantum computing sector. Integrated systems are developed to enhance quantum computer performance, including an open-source library for creating and executing quantum approximate optimization algorithm workflows on quantum hardware and simulators. A physics-based optimization suite is provided for running, testing, deploying, and benchmarking quantum algorithms. Software integration with cloud-based quantum platforms is also supported.
Who are the top competitors of Entropica Labs?
Entropica Labs's top competitors include Orange Quantum Systems, Commutator Studios and Quantum Benchmark.
What products or services does Entropica Labs offer?
Entropica Labs offers Loom.
Who are Entropica Labs's investors?
Entropica Labs has 12 investors. Key investors include State Farm, Wavemaker Partners, TIS, Liftt, and SEEDS Capital.
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