Yearly Archives: 2026

Casimir, Inc., a Houston-based quantum energy startup, has closed a $12 million oversubscribed seed round to bring the world’s first quantum vacuum energy chip to market. Led by Scout Ventures, the round included participation from Lavrock Ventures, Cottonwood Technology, Capital Factory, American Deep Tech, and Tim Draper of Draper Associates. The funding will accelerate the commercialization of the company’s first-generation MicroSparc chip, which generates persistent electrical power by harvesting energy from quantum vacuum fields—eliminating the need for batteries, charging, or external power cords. Harvesting the Quantum Vacuum: The MicroSparc Chip The company’s core technology is based on the Casimir effect, a [...]

Oxford Instruments and the NYU Nanofabrication Cleanroom announced a landmark partnership to install the first PlasmaPro ASP atomic layer deposition (ALD) system in the United States dedicated to superconducting quantum applications. Funded by the U.S. Microelectronics Commons via the NORDTECH hub, this installation directly supports the "Lab-to-Fab" mission of the CHIPS and Science Act, aiming to bridge fundamental research with scalable microelectronics manufacturing. The PlasmaPro ASP system is a high-rate plasma processing tool designed for producing superconducting nitrides, which are essential components for quantum computing, sensing, and communications. The system offers deposition rates up to three times faster than conventional alternatives, [...]

Quobly, a French developer of silicon-based quantum processors, and the Hon Hai Research Institute (the R&D arm of Foxconn), have co-released an open-source numerical toolbox dedicated to the Quantum Phase Estimation (QPE) algorithm. The qpe-toolbox is designed to bridge the gap between theoretical cost models and the practical resource requirements needed for fault-tolerant quantum computing, particularly in the fields of quantum chemistry and materials science. The Python-based toolkit utilizes advanced tensor network techniques and the quimb library to allow researchers to simulate the full QPE pipeline on classical hardware. It provides a structured environment to prepare physically motivated initial states using [...]

Photonic Inc., the Vancouver-based developer of distributed quantum computing, has announced the final close of its $200 million USD ($275 million CAD) funding round, bringing the company’s post-money valuation to $2 billion USD ($2.7 billion CAD). The round was led by UK-based Planet First Partners and brings total capital raised by the company to over $350 million USD ($475 million CAD). The investment round represents a massive global coalition, uniting a diverse group of strategic, institutional, and government investors. New backers joining this final close include Bell Ventures, the Business Development Bank of Canada (BDC) via its StrongNorth Fund, Export Development [...]

SEETEL New Energy Co., Ltd., Aegis Critical Energy Defence Corp., and Quantum eMotion Corp. have announced the expansion of their strategic partnership to integrate quantum-secured cybersecurity into Battery Energy Storage Systems (BESS). The collaboration addresses the "Harvest Now, Decrypt Later" threat by embedding quantum-level encryption directly into the physical architecture of power grids. The unified "Quantum-Safe BESS" platform is designed for mission-critical applications, including defense, AI data centers, utilities, and remote microgrids. The partnership integrates three distinct technical layers: SEETEL New Energy (7740.TW): Oversees global manufacturing and provides the modular lithium battery hardware and supply chain infrastructure. Aegis Critical Energy Defence [...]

Quantum Computing Inc. (QCi) has announced its financial results for the first quarter ended March 31, 2026. The company reported a significant increase in revenue, driven by the integration of two strategic acquisitions, and maintained a massive cash position to fund its transition toward industrial-scale manufacturing. The table below summarizes key financial metrics for Q1 2026 compared with the prior quarter (Q4 2025) and the year-ago quarter (Q1 2025). Amounts in $MQ1'2026Q4'2025Q1'2025% vs Q4'2025% vs Q1'2025Revenue$3.69$0.20$0.04+1,764.1%+9,364.1%Operating Expenses$19.83$22.12$8.30-10.4%+138.9%Operating Loss($20.55)($22.22)($8.29)-7.5%+147.9%Net Income (Loss)($4.05)($1.56)$16.98+160.3%-123.9%Cash, Cash Equivalents, and Investments$1,408.9$1,520.4$166.4-7.3%+363.0% Financial and Strategic Growth QCi reported record first-quarter revenue of $3.69 million, a massive jump from just [...]

D-Wave Quantum Inc. (NYSE: QBTS) has announced its financial results for the first quarter ended March 31, 2026. The quarter was highlighted by record-breaking bookings and the strategic acquisition of Quantum Circuits, Inc., marking D-Wave's formal entry into the error-corrected gate-model market. The table below summarizes key GAAP financial metrics for Q1 2026 compared with the prior quarter (Q4 2025) and the year-ago quarter (Q1 2025). Amounts in $MQ1'2026Q4'2025Q1'2025% vs Q4'2025% vs Q1'2025Revenue$2.9$2.8$15.0+3.6%-80.7%Operating Expenses$56.5$36.6$25.2+54.4%+124.2%Operating Loss($54.7)($34.8)($11.3)+57.2%+384.1%Net Loss($18.4)($42.3)($5.4)-56.5%+240.7%Cash, Cash Equivalents, and Investments$588.4$884.5$304.3-33.5%+93.4% Financial and Strategic Overview D-Wave reported $2.9 million in revenue for the first quarter. While this represents a significant decrease compared [...]

We had reported last month that Quantinuum had submitted a confidential S-1 filing with the U.S. Securities and Exchange Commission (SEC). But now, Quantinuum has now updated the filing to publicly release most of the material, with the exception of details related to the proposed number and pricing of the shares and ownership percentages. Quantinuum was formed in 2021 through the merger of Honeywell Quantum Solutions and Cambridge Quantum, the company is a vertically integrated, full-stack quantum computing company. Although the final valuation of the company hasn't been determined yet, it is expected be in the many billions of dollars. While [...]

Rigetti Computing has announced its financial results for the first quarter ended March 31, 2026. The company highlighted the general availability of its modular 108-qubit system and a major international initiative to deploy a 1,000+ qubit system in the United Kingdom. The table below summarizes key GAAP financial metrics for Q1 2026 compared with the prior quarter (Q4 2025) and the year-ago quarter (Q1 2025). Amounts in $MQ1'2026Q4'2025Q1'2025% vs Q4'2025% vs Q1'2025Revenue$4.4$1.9$1.5+131.6%+193.3%Operating Expenses$27.3$23.2$22.1+17.7%+23.5%Operating Loss($26.0)($22.6)($21.6)+15.0%+20.4%Net Income (Loss)$33.1($18.2)$42.6+281.9%-22.3%Cash, Cash Equivalents,and Investments$569.0$589.8$209.1-3.5%+172.1% Financial and Business Overview Rigetti achieved record quarterly revenue of $4.4 million, a 131.6% sequential increase and a nearly 200% increase year-over-year. [...]

Icarus Quantum, a Boulder-based startup specializing in quantum light generation, has been awarded a Direct-to-Phase II Small Business Innovation Research (SBIR) contract by the United States Air Force. In strategic partnership with the National Institute of Standards and Technology (NIST), the company will develop high-efficiency, on-demand entangled photon sources. These devices are designed to serve as the foundational infrastructure for quantum interconnects, enabling the networking of modular quantum systems and the distribution of entangled qubits across fiber-optic networks. The project leverages over 25 years of research from the Quantum Nanophotonics Group at NIST Boulder to commercialize semiconductor quantum dot (QD) technology. [...]