LONDON (IT BOLTWISE) – IBM Ventures, IBM’s $500 million venture fund, is focused on investing in AI and quantum computing. The fund has already invested in 23 companies, including Hugging Face and QEDMA. Emily Fontaine, global head of venture capital at IBM, explains that the focus is on companies that fit into the IBM ecosystem and are ready to scale.
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IBM Ventures, IBM’s $500 million venture fund, specializes in investments in the areas of artificial intelligence (AI) and quantum computing. Led by Emily Fontaine, the fund has already invested in 23 companies, including household names such as Hugging Face, which provides machine learning tools, and QEDMA, which focuses on error correction in quantum computing software.
Fontaine emphasizes that IBM Ventures primarily invests in companies that fit into the existing IBM ecosystem and are ready to scale their solutions. A key aspect of the investment strategy is the so-called ‘capital-plus’ model, in which IBM not only provides capital, but can also win new customers for the startups from its own customer base. According to Fontaine, the collaboration rate with the portfolio companies is over 90 percent.
Another focus of IBM Ventures is the development of products that IBM itself would like to use internally. An example of this is the internal HR app ‘AskHR’, which is based on AI and enables IBM’s employees to quickly and efficiently receive information that previously had to be time-consuming to request through the HR department. These internal applications help reduce operational costs significantly.
When it comes to quantum computing, IBM is currently focusing more on the software and algorithm side, although the company has also developed quantum chip hardware. An example of a company IBM has invested in is Israel’s QEDMA, which specializes in quantum error correction. The financial industry is showing great interest in quantum computing because it could threaten traditional encryption security. Banks are therefore striving to develop ‘quantum-safe’ strategies.
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