The 30 Asian Entrepreneurs Under 30 Who Are Innovating in Enterprise Tech
Qtantum computers are very promising, because they work much faster than conventional ones, thanks to quantum physics. The problem? They are more prone to errors.
Kosuke Mitaraiassistant professor at Osaka University Graduate School of Engineering who has done this year Forbes 30 Under 30 Asia: Enterprise Technology Listattempts to overcome this and allow quantum computers to take off.
In 2018, while a Ph.D. in Engineering. candidate, he co-founded a quantum computing software publisher QunaSys. Quantum machines will attempt to solve specific problems in physics and chemistry, he says, such as fully understanding how plants convert light energy into chemical energy. This could lead to efficient artificial photosynthesis, potentially enabling the conversion of carbon dioxide into fuel, Mitarai adds. To date, QunaSys has raised $12.4 million (1.6 billion yen), including from the investment arm of Japanese supercomputer maker Fujitsu.
“In five to ten years, assuming quantum computers progress to real-world use, our goal would be to become the de facto standard software and library for everyone who uses them.”
“In five to ten years, assuming quantum computers progress to real-world use, our goal would be to become the de facto standard software and library for everyone who uses them,” he says.
He has a track record. Mitarai released the world’s first quantum machine learning algorithm for “noisy intermediate-scale quantum computers” (NISQ) to reduce processing errors. This research has been cited nearly 550 times since 2018, placing it in the top 1% of its field, and Google’s Quantum Machine Learning Library and others have adopted its algorithm.
Elsewhere on the list, entrepreneurs are realizing the potential of AI and using it to improve and automate processes ranging from hiring talent to customer service and, in most cases, security.
One of them is Ryōsuke Takahashi. He founded A company, a startup that develops systems for processing data while it is still encrypted, only the second company to offer such technology in Japan after telecommunications giant NTT. Founded in 2018 while still a student, Acompany first sought to leverage blockchain technology. Since then, it has raised ￥300 million ($2.4 million) in funding, including from ANRI and DG Daiwa Ventures.
Also in Japan, Hiroki Imabayashiis closed Aiglys provides software to secure data using advanced encryption technologies, enabling customers to process and use AI to analyze large amounts of data while ensuring confidentiality and compliance with privacy regulations. Founded when Imabayashi was a graduate student at Waseda University, where he earned a doctorate in computer science, the company has raised approximately $1 billion ($9 million) to date, including from SBI Investment and the big Hakuhodo DY Holdings advertisement.
In Singapore, Zheng Wei Quah, Shaun John Cheetham, Edmund Chew and Derrick Lee co-founded Accredit in 2019. The company offers organizations and individuals a way to digitally issue and verify tamper-proof and traceable documents. So far, the company claims to have processed more than 11 million verifications for 1.5 million issued documents. They also co-created Singapore’s national COVID-19 testing standard, HealthCerts, with the Singapore Ministry of Health and others. The company says it earned $500,000 last year and expects it to quadruple this year.
Another contractor on the list aiming to improve safety is Rick Finando. The 29-year-old started Verihubs, an AI-based authentication and fraud prevention platform in Indonesia. It has served more than 100 clients in the banking, fintech and e-commerce industries, including Bank Central Asia of Indonesia, Commonwealth Bank of Australia, e-commerce company Bukalapak and payment platform Payfazz. . Verihubs says it has helped customers verify and authenticate more than 36 million users in the past year, with revenue growing 50x over the same period. Firnando has raised $2.8 million in funding from Y Combinator, Insignia Venture Partners, MDI and BCA’s investment arm, CCV.
Additional reporting by James Simms.
To learn more about these innovative entrepreneurs, read our full list of enterprise technologies here – and be sure to check out our full coverage of Forbes 30 Under 30 Asia here.