Mitsubishi Electric's ME Innovation Fund Invests in QunaSys Startup

TOKYO, May 10, 2022 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in QunaSys, Inc., a leading Japanese startup that has gathered diverse research scientists to develop innovative algorithms that maximize the potential of quantum computing, including through applications that can be used without special expertise. QunaSys's active involvement in quantum-computing research and development includes management of the QPARC industry consortium to help partners learn about quantum computers.