Good Chemistry Company Secures Seed Funding

The computational chemistry team founded within advanced computing software pioneer, 1QBit, announced today that it is branching out and forming a new independent venture, named Good Chemistry. Backed by Green Sands Equity, Accenture, and WorldQuant Ventures, Good Chemistry is set to fundamentally change the way new materials are discovered and designed across a vast number of industries — including chemical, pharmaceutical, oil and gas, automotive, and academic research — by harnessing the power of computational and quantum chemistry and placing it in the hands of developers.

Through its active research, development, and industry collaborations over the last three years, Good Chemistry is already working with heavyweights including Dow, Amazon Web Services (AWS), DIC Corporation, and Microsoft — due in large part to its proprietary advances in computational chemistry and simulations, which have enabled the shift from the physical lab to the digital world, dramatically decreasing time to market, cost of development, and the amount of infrastructure previously required.

Heading Good Chemistry’s team is CEO and Founder, Arman Zaribafiyan, 1QBit’s first hire and founder of its quantum simulation division, who holds a Ph.D. in quantum information from the University of British Columbia.

Three factors seing Good Chemistry apart are its use of multiple paradigms of technology; its inclusion of the developer community at large in their product development, in particular, those emerging at the intersection of quantum chemistry, software, and machine learning; and its interdisciplinary team of software engineers, computational and quantum chemists, machine learning scientists, and quantum computing scientists.

Good Chemistry’s Scientific Advisory Board comprises some of the industry’s top talent:

  • Paul Zimmerman, Professor of Chemistry at the University of Michigan and developer of the iFCI method, which is one of the core solvers in Good Chemistry’s cloud-based computational chemistry platform, QEMIST Cloud.
  • Frank Noe, Professor at Freie Universitat in Berlin, Germany, known for his pioneering work in applying machine learning across physical sciences, including chemistry and biophysics. He has made numerous contributions to the field, including his recent work on leveraging machine learning to perform high-accuracy quantum chemistry calculations.
  • Isaac Kim, Assistant Professor of Computer Science at the University of California, Davis. Isaac studies the structure of entanglement in quantum many-body systems that allows efficient simulation of such systems on classical and near-term quantum computers.The team’s deep multi-year collaboration with Dow has resulted in a number of scientific breakthroughs in high-accuracy simulations of material properties on quantum computers, which have landed both companies at the forefront of the materials design industry.

Industrial users such as Dow and DIC Corporation are already using the beta version of Good Chemistry’s quantum computing software development kit, and cloud-native developer platform, QEMIST Cloud.

The company has just announced they will be opening up access to new Beta users beginning March 2022. “Our initial studies have shown very promising results; we’re excited to see what external researchers and developers can do with our platform now that we’re making it available for beta release,” says Good Chemistry’s Director of Research and Development, Dr. Takeshi Yamazaki. QEMIST Cloud will be available to the broader public later in 2022. Researchers, developers and organizations who want to be considered Beta users can now sign up at www.goodchemistry.com.

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