Is Ingenii a good investment?
/Ingenii is a woman-owned tech company bringing the power of quantum computing to data and computational scientists who don’t have quantum physics expertise. The company is focused on accelerating the adoption of quantum computing in high-impact life and environmental sciences spanning across various industries including, pharmaceuticals, healthcare, energy, chemicals, biotechnology, agriculture, and manufacturing. The total market potential is well over $46 billion.
Furthermore, Ingenii is building at the intersection of three massively growing and converging industries - data science, machine learning and quantum computing.
Because of its potential to surpass the efficiency of classical computing very soon, quantum computing companies are poised to disrupt entire industries from finance to healthcare and more.
Ingenii has launched a crowdfunding raise that gives you the opportunity to be an investor in a rising startup that is solving some of the world’s “unsolvable problems” including climate change.
But, is an Ingenii investment worth the risk? Should you add quantum computing stocks to your portfolio?
Keep reading to learn more about quantum computing and this investment opportunity.
What is Quantum Computing and its benefits?
In order to understand if Ingenii is a good investment for you, it’s helpful to first understand quantum computing, the benefits of the technology, and why businesses might be interested in using quantum computers.
Quantum computing leverages properties of physics to surpass the physical limitations of classical computers and process mass amounts of information in a shorter amount of time. For example, in 2019, Google claimed that it ran a calculation on a quantum computer in just a few minutes that would take a classical computer 10,000 years to complete.
This capability will speed up predictive modeling for anything that requires a massive amount of complex data or various potential outcomes. That includes creating more targeted drugs in pharmaceuticals, enhancing diagnostics imaging in healthcare, more efficiently modeling our climate and so much more.
Classical computing is hitting its limitations and most scientists and data engineers aren’t familiar with quantum physics, algorithm development, and relevant use cases that will bring a true advantage. And yet, many enterprises are planning to upskill their existing data teams to take on the quantum workload.
What is Ingenii
Ingenii is a quantum data analytics platform. The company has created a flexible, turnkey quantum algorithm library designed for data scientists with no quantum expertise. In lay terms, this means Ingenii has created an easy-to-use, simplified way to leverage quantum computing without having to learn quantum physics, error mitigation, or quantum algorithm development.
Data scientists and other users can utilize Ingenii to enhance existing deep learning models, process calculations faster and more efficiently and model more complex systems that are simply not possible on today’s classical hardware.
Ingenii’s quantum-enabled data engineering platform not only allows customers to access quantum algorithms through traditional Jupyter notebooks, it is also packaged up as infrastructure as code and can be deployed into a customers cloud environment in under 20 minutes. This is the equivalent of implementing 9 months of custom cloud development in only twenty minutes.
In 2022, Ingenii closed a $115k investment round led by White Shark Management and an angel investor from Columbia University and has since attracted over 120 angel investors who believe in the company’s potential.
Women in tech- meet the CEO of Ingenii
Ingenii’s CEO, Christine Johnson, is breaking down barriers for women in the field of quantum computing.
Women represent only about 15% of engineers and 23% of those in computing fields. And the numbers are similar for Quantum. The Unitary Fund Survey 2022 reported that only 19% of respondents identified as female.
“My journey at Ingenii is solving the data and quantum engineering challenges for high impact data and computational scientists. I believe through this effort, we can massively accelerate and simplify the adoption and commercialization of quantum computing within life and environmental sciences bringing rapid innovation and meaningful change.” Christine Johnson, CEO at Ingenii.
Ingenii and solving the world’s unsolvable problems
The issues with quantum computing are that few understand how to use it and it’s expensive to implement. Ingenii makes it affordable and feasible for scientists and engineers to leverage the power of quantum computing.
Here are some examples of where quantum computing could make a difference:
Climate – climate change efforts are not growing as quickly as the problems we are facing. Without quantum computing, there’s no way to tackle the crisis on a global scale due to the extreme complexity.
Pharma – drug development takes too long, and requires huge expenses to get a new drug to market.
Healthcare – many current treatments on the market lack precision and effectiveness, leaving many patients needing more.
“Quantum computing will be paradigm-shifting, tackling problems that were never before possible. By taking on the heavy lifting of quantum development, we unlock this technology for the wider data science and machine learning communities who don’t have quantum physics backgrounds. This will accelerate the application of quantum computing within life and environmental sciences and revolutionize how we tackle the very real problems we face as a society today.” - Christine Johnson, CEO at Ingenii.
Investors who care about climate change technology
At Money & Mimosas, we know many of our readers care deeply about using their wealth to restore the planet. While Ingenii is primarily focused on healthcare, the company is poised to also have a positive impact on sustainability efforts.
Ingenii Inc. has partnered with TerraNexum to tackle climate change. TerraNexum is a multi-solution company offering a quantum computing platform linking CO2 drawdown companies to funders and customers.
As climate change becomes exponentially more complex, classical computers lack the speed, processing power, and predictive capabilities to keep up. As a result, climate change efforts will need quantum computing and quantum investments may be worth adding to your portfolio.
Is Ingenii a good investment?
If you’re wondering, “should I invest in Ingenii?”, at Money & Mimosas we encourage you to ask yourself three questions:
What are the potential roadblocks?
What is the potential growth or upside?
How does this align with my values and/or overall investment strategy?
The biggest roadblocks we see are two-fold. The first is educating the target market about quantum computing and its benefits.
The second roadblock is gaining trust from Ingenii’s target market - data scientists and engineers. This is a common roadblock for startups and requires marketing, and time, to build momentum and trust in the market.
With that stated, we see enormous potential growth for Ingenii, starting with its leadership.
Ingenii is led by Christine Johnson (CEO), with 10+ years of commercial experience in financial services and is a skilled communicator and has a knack for breaking down complex topics into bite-sized, approachable pieces; Marko Diukic (CTO), who has decades of technology experience and a successful exit from his recent cloud business; and Laia Domingo (Chief Science Officer) who has spearheaded all of Ingenii’s quantum development.
Secondly, Ingenii has achieved massive traction in a relatively short period of time.
It has over 120 angel investors and over 100 subscribers to the open-source quantum library, including industry leaders including 3 of the top 10 pharmaceutical enterprises in the industry. The company earned $462,000 in revenue in 2021, and onboarded 3 enterprise subscribers to the data engineering platform with 100% renewal rate.
We are also very impressed by Ingenii’s revenue model. It is a subscription-based model with a 90% profit margin.
Lastly, the market potential is massive. McKinsey predicts quantum computing to be a $700B market by 2035. According to a report from Zapata, 74% of enterprises are already adopting quantum computing and over 80% of them are planning to upskill their existing data science teams.
When it comes to your values, we encourage you to research Ingenii’s team to see if their approach is in alignment with your goals.
How to invest in Ingenii
The process of investing is really easy. You head over to the Ingenii Republic page and enter your email information into the invitation box. From there, the website will walk you through the seamless process of becoming an investor with Ingenii.
Learn more about Ingenii’s offering terms and the upcoming close date here.
