Yearly Archives: 2026

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. [...]

IonQ has announced the commercial launch of its Interferometric Synthetic Aperture Radar (InSAR) capability, providing a fully automated solution for millimeter-precision ground deformation monitoring. Enabled by the company’s space missions and sensing line, the service offers a three-day repeat cycle, allowing for high-frequency tracking of physical changes on the Earth's surface. By utilizing a unique orbital architecture that combines mid-inclination and sun-synchronous orbits, IonQ ensures consistent acquisition geometry, which is essential for accurate three-dimensional deformation analysis and the separation of vertical and horizontal surface movements. The new offering eliminates the manual coordination typically required for high-precision radar imaging through an automated [...]

The King’s Foundation and FormationQ have announced a three-year partnership titled “Harmonious Urban Growth: A Health-Optimised Expansion Framework Using Quantum Methods.” The initiative aims to support sustainable urban expansion across the Commonwealth by integrating advanced computational modeling with traditional town planning. The program leverages IonQ’s trapped-ion quantum systems to address the "combinatorial complexity" of urban design, helping planners optimize large-scale interconnected systems such as water networks, transportation corridors, and ecological buffers. The project addresses a critical global challenge: approximately 1.3 billion people currently live in unplanned settlements, a figure projected to increase by one billion over the next 30 years. Without [...]

New York University (NYU) and IBM have initiated a joint postdoctoral research program dedicated to advancing quantum computing applications across a spectrum of scientific and engineering disciplines. The collaboration will focus on developing algorithms for chemistry, computer science, materials science, physics, and optimization. This initiative leverages NYU’s membership in the IBM Quantum Network to bridge the gap between academic theory and the deployment of "quantum-centric" supercomputing architectures. Postdoctoral researchers selected for the program will operate at the intersection of classical high-performance computing (HPC) and quantum hardware. The research will be conducted across two primary hubs: the NYU Quantum Institute in New [...]

Algorithmiq, a quantum software company previously based in Finland, has established its global headquarters in Milan, Italy. The relocation follows an €18 million ($21.2 million USD) funding round—the largest-ever venture capital investment in an Italian quantum startup—led by United Ventures and the Italian institutional investor Cassa Depositi e Prestiti (CDP), with continued participation from Inventure VC. This brings the company’s total funding to €36 million ($42.4 million USD) and signals a strategic commitment to Italy as a hub for the industrialization of quantum algorithms. The move aligns with Italy’s National Quantum Strategy, launched in 2025, which aims to build a robust [...]

QuEra Computing Inc. has released Part 2 of its report on the results of its 2026 Quantum Readiness Survey. The survey queried 291 respondents across more than 25 countries on questions covering demographics, perceptions, organizational readiness, technology preferences, and market outlook. The results highlight a "show me" phase where technical progress is benchmarked against real-world budget constraints and geopolitical filters. Market Sentiment: The "Reality Check" Rising Standards for Readiness: While confidence remains high, it has moderated significantly since 2025. Organizations describing their country as "very well positioned" dropped from over 45% to 25%, reflecting a more cautious confrontation with implementation realities. [...]

CAS Cold Atom Technology, a quantum hardware developer based in Wuhan and affiliated with the Chinese Academy of Sciences (CAS), has unveiled Hanyuan-2 (also referred to as HANYUAN 02), the world's first dual-core neutral atom quantum computer. This 200-qubit system marks a transition from single-core architectures to a parallelized, dual-core design, enabling a "main core plus auxiliary core" operational mode. The dual-core framework is intended to address scalability limitations and interference challenges by allowing the two arrays to either compute different aspects of a problem simultaneously or perform error correction on one another. Neutral Atom Architecture and Energy Efficiency Unlike superconducting [...]

Bloq Quantum, an India-based startup founded by alumni of IISER and the University of Toronto, has announced the official launch of its low-code quantum computing platform. The software is designed to streamline the research and development lifecycle by providing a visual, drag-and-drop interface for building quantum programs. According to the company, the platform reduces the time required for setup and experimentation by a factor of 10x, addressing the "technical busywork"—such as environment configuration and SDK integration—that typically occupies a significant portion of a researcher’s workflow. Unified Workspace for Hybrid Workflows The Bloq Quantum platform functions as a centralized hub that connects [...]

Graduate Ventures, a Dutch early-stage investment firm, has celebrated its 80th investment by backing FrostByte, a Delft-based quantum startup specializing in cryogenic control electronics. The investment is part of a €1.3 million ($1.5 million USD) funding round that includes participation from InnovationQuarter Capital, UNIIQ, Paeonia Group, and an undisclosed angel investor. Reaching this milestone exactly five years after its 2021 launch, Graduate Ventures has solidified its position as one of the most active pre-seed and seed investors in the Netherlands, focusing on TU Delft, Erasmus University Rotterdam, and Erasmus MC spin-offs. Cryo-CMOS Technology for Scalable Quantum Systems FrostByte, a spin-off from [...]