Agnostiq Inc.

Agnostiq Inc. in its raising of $8.22 million financing

Client

Agnostiq Inc.

Value

$8.22 million

Service

Emerging and High Growth Companies

Date Closed

April 2023

Industry

Technology

Lead Office

Toronto

 

On April 6, 2023, Agnostiq Inc. raised $8.22 million in a seed extension round.  This round was led by Differential Ventures and had participation from Scout Ventures, Tensility Venture Partners, Green Egg Ventures. The company plans to utilize this funding to support the development and commercialization of the commercial version of Covalent, Agnostiq’s open-source workflow orchestration platform.

Agnostiq Inc. develops software to make quantum and high performance computing resources easily accessible to enterprises.

Osler, Hoskin & Harcourt LLP advised Agnostiq Inc. with a team consisting of David Jamieson and Mihnea H. Porime (Emerging and High Growth Companies).