Horizon Quantum Computing Pte. Ltd., a portfolio company of Abies Ventures Fund I, has entered into the definitive Business Combination Agreement with dMY Squared Technology Group with a view to listing on the U.S. Nasdaq market in the first quarter of 2026.

Horizon Quantum Computing, headquartered in Singapore, develops and provides a software development platform for quantum computers. Its platform enables developers of classical computer software to build quantum applications – despite the fundamentally different development paradigm – using almost the same classical coding method.

Under the business combination, the transaction values Horizon Quantum Computing at US$503 million. The sponsors of dMY Squared Technology Group have a track record of taking IonQ (a quantum computing hardware company with the current market capitalization exceeding US$13 billion) public.

https://www.horizonquantum.com/updates/news/horizon-quantum-to-go-public-through-definitive-business-combination-agreement-with-dmy-squared-technology-group