Tagged: quantum computing

JPMorgan Chase, Argonne National Laboratory, Quantinuum Demonstrate Theoretical Quantum Speedup with Quantum Approximate Optimization Algorithm

In a new paper in Science Advances on May 29, researchers at JPMorgan Chase (NYSE: JPM),  the U.S. Department of Energy’s (DOE) Argonne National Laboratory and Quantinuum have demonstrated clear evidence of “a quantum algorithmic speedup for the quantum approximate optimization algorithm (QAOA).” This algorithm… Read More

Honeywell Announces $300M Equity Fundraise for Quantinuum, the Quantum Computing Firm

Honeywell (NASDAQ: HON) announced the closing of a $300 million equity fundraise for Quantinuum, the integrated quantum computing company, at a pre-money valuation of $5 billion. The investment round is anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen… Read More

Quantum Tech: Multiverse Computing and Moody’s Analytics to Introduce SaaS Platform Providing Marketplace for Quantum-based Solutions

Multiverse Computing, a firm focused on value-based quantum computing solutions, and Moody’s Analytics, a global integrated risk assessment firm, are combining quantum algorithm expertise with leadership in risk management “to launch the QFStudio platform, an easy-to-use Software as a Service (SaaS) platform that provides a… Read More

UBS, CERN, Swiss Govt, GESDA to Leverage Quantum Computing to Attain UN SGDs

UBS (NYSE:UBS) is partnering with the Geneva Science and Diplomacy Anticipator Foundation (GESDA), CERN, the Swiss Federal Department of Foreign Affairs, and Swiss higher-education institutions ETH Zurich and EPFL to create the Open Quantum Institute (OQI), which is being launched today in Geneva. Through science… Read More

Accenture Invests in Aliro Quantum to Support Secure Quantum Networks

Accenture (NYSE: ACN) announced an investment through Accenture Ventures in Aliro Quantum, a provider of multi-purpose, end-to-end entanglement-based secure quantum networks. The investment will help Accenture and Aliro equip clients “with secure quantum networks that establish safe and secure data and communications.” Quantum computing uses… Read More

Nanofiber Quantum Technologies Secures $8.5m in Funding for Quantum Computing Advancement

Nanofiber Quantum Technologies Inc. (NanoQT) announced a successful $8.5 million fundraising round, anchored by  global venture capital firms. The round was backed by US’s Phoenix Venture Partners (PvP) and Japan’s JAFCO Group Co Ltd, SPARX Group Co Ltd, Keio Innovation Initiative, Inc. (KII), and Waseda… Read More

Quantum Computing: Q-CTRL Announces New Investment from Morpheus Ventures to Series B with Total of $54M Raised

Q-CTRL, a global firm focused on developing useful quantum technologies through quantum control infrastructure software, announced the addition of Morpheus Ventures as a new investor in their record-setting Series B funding round, which has raised $54 million USD. Morpheus Ventures, “known for its expertise in… Read More

Quantum Computers: Toshiba Digital Solutions, Classiq to Work on Gate-based Quantum Computing

Toshiba Digital Solutions Corporation and Classiq Technologies Ltd. signed a technology collaboration agreement in the gate-based quantum computing. Quantum computers are next-generation technologies “that have the potential to efficiently solve problems that conventional computers could not solve or take a very long time to solve… Read More

Quantum Computers: HSBC, Quantinuum Explore Use-Cases of Quantum Computing in Financial Services

Quantinuum, which claims to be one of the world’s largest quantum computing companies, and HSBC are pleased “to announce a series of exploratory projects that exploit the potential near- and long-term benefits of quantum computing for banking with specific projects in cybersecurity, fraud detection, and… Read More

Quantum Computing: PTC, a Singapore-based Provider of Enterprise Data Management Solutions, Enters Agreement with Quantum Brilliance

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, today announced the first quantum software reseller agreement through PTC, a Singapore-based provider of enterprise data management solutions and services to Asia. The agreement enables PTC customers “to explore hybrid classical-quantum computing for… Read More

Quantum Engineering Firm Riverlane Finalizes £15M Series B to Support Useful Quantum Computing

Quantum engineering company Riverlane announced it has raised £15 million in a Series B funding. The investment round was “led by Molten Ventures and included participation from simulation, high-performance computing (HPC), and artificial intelligence leader Altair and returning investors Cambridge Innovation Capital (CIC), Amadeus Capital… Read More

Quantum Brilliance Introduces Software Suite Enabling Exploration of Apps with Miniature Quantum Computers

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, announced the launch of its Qristal software suite, “enabling R&D teams to explore integrating quantum systems in real-world applications in a critical step towards practical utility of the technology.” With Qristal, developers and… Read More

Quantum Brilliance Secures $18M to Advance Miniaturized Quantum Computers

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, announced an $18 million fundraise. Investors reportedly “include Breakthrough Victoria, Main Sequence, Investible, Ultratech Capital Partners, MA Growth Ventures, Jelix Ventures, Rampersand and CM Equity Partners.” Quantum Brilliance will “use the funding to… Read More

Quantum Computing Startup Oxford Ionics Raises £30M in Series A Funding

Oxford Ionics – the startup solving the critical scalability issues facing the future of quantum computing, has raised £30 million in Series A funding from some of the “world’s leading” quantum and tech investors. The investment round was “led by Oxford Science Enterprises and Braavos… Read More

Global Quantum Intelligence, a Business Intelligence Firm, Launches Operations

Global Quantum Intelligence (GQI), a market and business intelligence firm steeped in quantum technology experience and solely dedicated to this sector, has just launched and claims it is already “serving major vendors and users, as well as governments and investors keen on gathering authoritative intelligence… Read More

Quantum Computing Inc. to Help Rabobank Combat Fraud with Entropy Quantum Computing

Quantum Computing Inc. (QCI) (NASDAQ: QUBT), a key player focused on accessible full stack quantum solutions, announced that it will work together with Rabobank, which claims to be one of the world’s largest banks in its sectors, “for a project to demonstrate the application of… Read More

Tech Firm Q-CTRL Releases Access to Fire Opal to Improve Quantum Algorithm Performance

Q-CTRL, which claims to be a global leader in infrastructure software for quantum technology, announced the release of Fire Opal, which is described as “a user-friendly software package designed to enable algorithm developers to get useful results from today’s imperfect quantum computers.” The announcement was… Read More

Q-CTRL, Classiq to Enhance Quantum Algorithm Development

Q-CTRL, which claims to be a global leader in quantum control infrastructure software, and Classiq, a key player focused on quantum algorithm development software, announced a partnership “to provide an end-to-end platform for designing, executing, and analyzing quantum algorithms.” The new partnership will “integrate Classiq‘s… Read More

Mastercard to Provide Contactless Cards for Quantum World

The protections and purchasing power of contactless payments took a step forward as Mastercard (NYSE: MA) announced the approval of the first cards for issuers that are compatible “with the new EMVCo contactless specifications designed to protect against attacks from both traditional and quantum computers.” Quantum… Read More

Quantum Computing Software Firm Classiq Expands Series B to $49M, Announces Japan, Europe Offices

Classiq, which claims to be the leader in quantum computing software, announced another significant expansion of its series B round to $49M by Canadian-Israeli VC Awz Ventures, from “an initial closing of $36M by strategic investors—in the largest quantum software round to date.” Awz Ventures… Read More

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