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Horizon Quantum Computing

Quantum software development platform with compiler

Overview

Horizon Quantum Computing provides software infrastructure for quantum computing, including an integrated development environment called Triple Alpha with proprietary languages and a compiler that let developers write quantum programs using high-level abstractions and run them on current quantum processors. Its tools include a deployment and execution layer that lets compiled applications run on multiple quantum hardware platforms. Unlike others who focus only on software or hardware, Horizon also owns and operates its own quantum computer to align hardware and software development, enabling end-to-end cross-platform capabilities. The goal is to make it easier for developers, researchers, and enterprises to build quantum applications by delivering a complete stack that works across different quantum hardware while advancing hardware capabilities.

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About Horizon Quantum Computing

Simplify's Rating
Why Horizon Quantum Computing is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

HardwareEnterprise Software

Company Size

51-200

Company Stage

IPO

Headquarters

Singapore, Singapore

Founded

2018

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Simplify's take

What believers are saying

  • Cash reached $102.8 million on September 30, 2026, funding R&D and hardware expansion.
  • The November 9, 2026 OQC integration expands commercial validation across superconducting hardware immediately.
  • Dublin's 256-qubit trapped-ion testbed and Singapore's Ember-1 deepen enterprise and research relationships.

What critics are saying

  • Horizon lost $85.4 million in nine months ended September 30, 2026.
  • The Entropica Labs acquisition, announced November 5, 2026, dilutes holders with shares.
  • Warrant liabilities caused $62.2 million quarterly accounting volatility, masking operating performance and threatening credibility.

What makes Horizon Quantum Computing unique

  • Triple Alpha now controls OQC's Toshiko at pulse level, extending beyond application code.
  • Horizon owns superconducting Ember-1 and IonQ's trapped-ion system, spanning two modalities.
  • Beryllium early access on September 30, 2026 abstracts quantum mechanics with object-oriented language constructs.

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Funding

Total Funding

$144.4M

Above

Industry Average

Funded Over

4 Rounds

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Stock Price

Growth & Insights and Company News

6 month growth

10%

1 year growth

5%

2 year growth

7%
Yahoo Finance
Nov 9th, 2026
Horizon Quantum and OQC enable pulse-level control of 32-qubit Toshiko processor in Triple Alpha

Horizon Quantum and OQC have integrated OQC's quantum processing unit (QPU) with Triple Alpha, Horizon Quantum's development environment. The integration gives users pulse-level control of Toshiko, OQC's 32-qubit superconducting device. Users can now build hardware characterisation and gate calibration routines in the same environment where they write and run quantum applications. Horizon Quantum's team used it to measure qubit parameters T1 and T2 and to calibrate gates on Toshiko. Pulse-level programming has traditionally required separate frameworks or languages. Triple Alpha lets developers use the same languages they use for applications, and it connects to workflows through a web-based API. "Making quantum computing useful requires close integration between hardware and software," said Simon Phillips, OQC's chief product officer.

Quantum Zeitgeist
Sep 18th, 2026
Horizon Quantum clarifies share structure and lock-up agreements following $120M SPAC merger

Horizon Quantum Computing has disclosed details of its share structure following market uncertainty. As of 14 September 2026, the company reports 34,811,740 Class A ordinary shares and 19,744,585 Class B ordinary shares outstanding. Lock-up agreements restrict share sales until 19 March 2028 for most shareholders, with one agreement expiring on 19 September 2027. These followed the March 2026 merger with dMY Squared Technology Group, which raised approximately $120 million in gross proceeds. Founded in 2018, Horizon Quantum develops software translating classical code into quantum circuits and operates quantum hardware. The company is now publicly listed on Nasdaq. Horizon Quantum is currently collaborating with Alpine Quantum Technologies to integrate its software with trapped-ion quantum systems.

Quantum Computing Report
Aug 8th, 2026
Who's news: Strategic appointments at Horizon Quantum, Quantum Computing Inc., and Uviquity.

Who's news: Strategic appointments at Horizon Quantum, Quantum Computing Inc., and Uviquity. Horizon Quantum has appointed Amanda Chew as Chief Product Officer (CPO), effective August 17, 2026. Chew joined the company in 2020 as Product Manager and subsequently held the positions of Director of Product and Vice President of Product. Prior to Horizon Quantum, she held management roles at Microsoft. In her new capacity, Chew will manage Horizon Quantum's product development and software infrastructure strategies. Quantum Computing Inc. (QCi) has promoted Mark Batzdorf to Senior Vice President, Finance. Batzdorf joined QCi following its acquisition of Luminar Semiconductor and has since managed finance operations for the company's photonics unit. In his expanded role, he will manage QCi's broader financial framework and growth planning. Uviquity has appointed Dr. Vincent D. ("Chuck") Mattera, Jr. as a Strategic Advisor. Dr. Mattera is the Founder and CEO of Avalanche Thinking and formerly served as Chair and CEO of Coherent Corp. In his advisory role, he will guide Uviquity's executive team as the company commercializes its integrated aluminum nitride (AlN) photonics platform for quantum computing, sensing, and ultraviolet applications. Quantum Computing Report LLC wish all these organizations and individuals success in their new endeavors. August 8, 2026

Quantum Computing Report
Aug 6th, 2026
Horizon Quantum reports Q2 2026 financial results: warrant cash infusion, Beryllium Early Access, and European Testbed Expansion.

Horizon Quantum reports Q2 2026 financial results: warrant cash infusion, Beryllium Early Access, and European Testbed Expansion. Horizon Quantum Holdings Ltd. (NASDAQ: HQ) has reported its financial results for the second quarter ended June 30, 2026. Highlights of the quarter include a major capital injection from public warrant exercises, early access availability for its flagship programming language Beryllium, and the strategic expansion of its quantum hardware testbed into Europe. Because the company completed its SPAC merger with dMY Squared Technology Group on March 19, 2026, financial metrics prior to that date reflect Horizon Quantum Computing Pte. Ltd., while subsequent periods reflect Horizon Quantum Holdings Ltd. The table below summarizes key GAAP financial metrics for Q2 2026 compared with the prior quarter (Q1 2026) and the year-ago quarter (Q2 2025). Financial results and warrant cash infusion. Horizon Quantum's cash position was significantly fortified during the second quarter. The company received $27.5 million in gross proceeds from the exercise of 2.4 million publicly traded warrants (HQWWW) during Q2. Subsequent to quarter-end, as of August 3, 2026, total warrant exercises reached approximately 2.5 million (79% of total outstanding public warrants), bringing cumulative gross proceeds to $28.7 million. This cash inflow elevated total cash and cash equivalents to $113.25 million as of June 30, 2026, up $16.65 million from $96.60 million at the end of Q1 2026. Reported GAAP Net Loss for Q2 2026 was ($115.23) million, or ($2.20) per ordinary share, compared to ($3.56) million in Q1 2026 and ($2.90) million in Q2 2025. This significant loss was primarily driven by a $108.29 million non-cash accounting charge resulting from the mark-to-market fair value remeasurement of warrant-related derivative liabilities, caused by an increase in Horizon's stock price during the quarter. This charge had no impact on cash balances or operations. On a non-GAAP basis, excluding the non-cash derivative adjustment, share-based compensation, and non-recurring public transition costs, the company reported an Adjusted EBITDA loss of ($5.46) million for Q2 2026, compared to ($2.06) million in Q2 2025. Total operating expenses rose to $7.18 million, up 10.5% sequentially from Q1 2026, reflecting expanded R&D headcount and public company compliance infrastructure. Operational highlights: Triple Alpha and Beryllium release. * Beryllium Early Access: At the end of Q2 2026, Horizon released Beryllium - its high-level, object-oriented quantum programming language - to early access users. Designed to enable modern classical software engineering constructs (classes, functions, libraries) within quantum workflows, Beryllium compiles down to Helium (a BASIC-like language) and Hydrogen (assembly language) to abstract away low-level quantum mechanics for developers. * Ember-1 Testbed Open to Users: Horizon's first quantum testbed system, Ember-1 (a superconducting system located at its Singapore headquarters), officially opened to select early users. Integrated directly with Triple Alpha, Ember-1 enables real-time execution of complete quantum programs with pulse- and gate-level access, bypassing latency issues associated with remote cloud execution. * Dublin Testbed Expansion: In June 2026, Horizon announced that its second hardware testbed system - a 256-qubit trapped-ion system purchased from IonQ - will be located at its European headquarters in Dublin, Ireland, giving the company a multi-modality testbed across both solid-state and atom-based architectures. Ecosystem collaborations. * Quantum Machines Partnership: In July 2026, Horizon announced a strategic collaboration with Quantum Machines to co-develop an embedded calibration framework for Ember-1. By integrating lightweight, continuous calibration routines directly into system operation, the companies aim to maximize system uptime and eliminate the need for lengthy full-system calibration halts. Resources and further reading. August 6, 2026

Quantum Computing Report
Jul 29th, 2026
Horizon Quantum and Quantum Machines partner to advance real-time quantum calibration.

Horizon Quantum and Quantum Machines partner to advance real-time quantum calibration. Software infrastructure developer Horizon Quantum Computing (Nasdaq: HQ) and hybrid quantum-classical control provider Quantum Machines (QM) have announced a strategic collaboration to develop embedded calibration technologies for quantum computing hardware. By integrating Quantum Machines' control systems with Horizon's software architecture, the partnership aims to create lightweight, real-time calibration routines that reduce system downtime and improve operational stability across complex quantum processors. The joint R&D initiative will be implemented on Ember-1, Horizon Quantum's modular superconducting quantum computer testbed. Horizon will leverage Quantum Machines' OPX1000 quantum control platform - a modular orchestration engine designed to harmonize classical and quantum operations - to execute continuous, low-overhead calibration cycles during normal system operation. This embedded approach is designed to replace lengthy, full-system calibration routines that traditionally disrupt hardware availability as qubit counts scale. By maintaining dynamic system calibration without taking the processor offline, the collaboration expects to increase operational uptime for users accessing Ember-1 through Horizon's Triple Alpha integrated development environment (IDE). The embedded calibration framework will also serve as a commercial validation point for Quantum Machines' OPX1000 controller within a deployed superconducting quantum computing environment. July 29, 2026

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