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
- SectorsTechnology
- Email••••••••
- Website entropicalabs.com
- Social LinkedIn X
- Legal Name Entropica Labs Pte. Ltd
- Annual Revenue$119.66 K (USD)78as on Dec 31, 2021
- Net Profit-$493.36 K (USD)-35as on Dec 31, 2021
- EBITDA-$490.97 K (USD)-35as on Dec 31, 2021
- Total Equity Funding$7.34M (USD)
in 3 rounds
- Latest Funding Round$800K (USD), Series A
Sep 2024
- InvestorsState Farm
& 11 more
Products & Services of Entropica Labs
Entropica Labs offers a comprehensive portfolio of products and services, including Loom.
Transforms quantum applications into fault-tolerant, hardware-ready solutions.
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 $7.34M
- Total Rounds 3
- Last Round Series A — $800,000
- First Round $1.84M
(May 2020)
- Investors Count 12
All 3 funding rounds of Entropica Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2024 | $800,000 | Series A | – | State Farm | – |
| Nov 2023 | $4.7M | Series A | – | LIFTT, Wavemaker Partners | |
| May 2020 | $1.84M | Seed | – | Elev8 |
12 investors in total: 12 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on multiple sectors | 2019 | liftt.com | Torino, Italy | |
Investments in early-stage technology companies are made by Wavemaker Partners. | 2003 | wavemaker.vc | Los Angeles, United States | |
Government-backed fund investing in tech startups | – | seedscapital.sg | Singapore, Singapore | |
Early-stage tech companies in Asia and the US are funded. | – | cerracap.com | Costa Mesa, United States | |
Venture capital is provided to early-stage technology startups. | – | elev8.vc | Singapore, Singapore | |
Early-stage deep tech startups are funded by SGInnovate in Singapore. | – | sginnovate.com | Singapore, Singapore | |
Provider of a program turning individuals into funded technology company founders | – | joinef.com | London, United Kingdom | |
Seed & early stage tech-focused micro-VC firm investing primarily in the US | – | v1.vc | Boulder, United States | |
Insurance and financial services are provided to individuals and businesses. | 1922 | statefarm.com | Bloomington, United States | |
Entrepreneurship and innovation in technology and design are supported. | 2011 | sutdvie.com | Singapore, Singapore |
Investor details for Entropica Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Entropica Labs
4 people are tracked at Entropica Labs (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Tommaso Demarie | Co-Founder & CEO | Leadership |
Ewan Munro | Co-Founder & CTO | Leadership |
Paolo C. | Head Of Projects | Leadership |
Yorgos Sotiropoulos | Quantum Software Developer | Team |
Complete people profiles for Entropica Labs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Entropica Labs
3 dated milestones of Entropica Labs across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Entropica Labs is founded.
- Funding First funding round of $1.8M.
- Funding Latest funding round, Series A, of $800K.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| orangeqs.com | 2020 | Delft, Netherlands | $15.46M | – | Software for quantum computing performance analysis is provided. | |
| quantumbenchmark.com | 2017 | Kitchener, Canada | – | – | Software solutions for quantum hardware analysis and verification are provided. | |
| opacityquantum.com | 2020 | Sydney, Australia | – | 2 | Error mapping software for quantum devices is provided. | |
| commutatorstudios.com | 2022 | Dusseldorf, Germany | $1.74M | – | Quantum software tools are developed for optimizing application performance. | |
| quantumoracles.xyz | 2022 | – | – | – | Software and toolkit for benchmarking quantum devices are developed. | |
| quantumwander.com | 2023 | Vilnius, Lithuania | – | – | Develops innovative AI and cloud-based software for quantum computing analysis and code splitting. | |
| julaxhquanca.com | 2024 | – | – | – | Julaxhquanca provides comprehensive software solutions for quantum computing. | |
| veri-q.com | 2020 | – | – | – | VeriQ verifies quantum computing programs and ensures trustworthy AI development. |
Detailed competitors of Entropica Labs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of Entropica Labs
The website of Entropica Labs (entropicalabs.com) receives about 14.1K visits a month.
- Monthly visits14.1K
▲ 111.2% vs previous month
Websites whose visitors overlap most with Entropica Labs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rigetti.com | 100% | 113K | #365,124 | View details |
Latest news on Entropica Labs
Complete news archive for Entropica Labs
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Entropica Labs
10 companies that operate in the same segment as Entropica Labs (Neuromorphic & Quantum Computing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Full-stack quantum computing solutions using superconducting qubits are developed. | 2013 | Berkeley, California, United States | USD 195.62 M | USD 7.09 M | 140 | |
Photon-based universal quantum computers are developed for error correction. | 2015 | Palo Alto, California, United States | USD 2.32 B | USD 1.04 M | 12 | |
Universal quantum computers using trapped-ion technology are provided via cloud. | 2015 | College Park, Maryland, United States | USD 86 M | USD 43.07 M | 407 | |
Cloud-based quantum cryptography solutions for secure communication are developed. | 2016 | Bengaluru, Karnataka, India | USD 43.25 M | USD 102.62 K | 58 | |
Integrated universal quantum computers and software are developed. | 1999 | Burnaby, British Columbia, Canada | USD 210.36 M | USD 8.83 M | 220 | |
Universal quantum computers are developed using optically trapped neutral atoms. | 2018 | Berkeley, California, United States | USD 201.2 M | – | – | |
System-on-chips for quantum computing applications are provided. | 2019 | Elmsford, New York, United States | USD 64.26 M | – | 13 | |
Superconducting quantum computers are developed with advanced processors and operations. | 2018 | Espoo, Finland | USD 526.89 M | – | – | |
Application-oriented research is conducted in bioeconomy, AI, and climate technologies. | 1949 | Darmstadt, Hesse, Germany | USD 23.27 M | – | – | |
Quantum computers are provided using superconducting qubits and trapped ions. | 2019 | Harrogate, United Kingdom | USD 38.76 M | – | 13 |
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Frequently Asked Questions about Entropica Labs
Entropica Labs was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Entropica Labs is headquartered in Singapore, Singapore.
Tommaso Demarie is the current CEO of Entropica Labs. They have also founded this 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 2020.
Annual revenue of Entropica Labs is $119.66K as on Dec 31, 2021.
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.
Entropica Labs's top competitors include Orange Quantum Systems, Commutator Studios and Quantum Benchmark.
Entropica Labs offers Loom.
Entropica Labs has 12 investors. Key investors include State Farm, Wavemaker Partners, TIS, Liftt, and SEEDS Capital.
Entropica Labs operates through Entropica Labs Pte. Ltd.