Multiverse Computing is a quantum software company with headquarters in San Sebastian, Spain that specializes in providing quantum software solutions for the financial industry. Their flagship product is called Singularity that allows users to input their problem's parameters for applications such as portfolio optimization or fraud detection into a spreadsheet and then submit the spreadsheet for solution on a quantum computer. This funding round was led by JME Ventures with additional participation from Quantonation, EASO Ventures, Inveready, CLAVE Capital (Mondragón Fondo de Promoción), Ikerlan, LKS, Penja Strategy, Seed Gipuzkoa and Ezten Venture Capital Fund. This follows an earlier pre-seed round of 1.5 [...]
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Although the division is new, it actually has been ColdQuanta's core business since they started and well before they decided to enter the quantum computing market. ColdQuanta has always offered a broad portfolio of quantum devices and machines for use in quantum systems and applications. These include such items as UHV glass cells, magneto-optical traps, cryogenic apparatus, high performance quantum based clocks, and other such items. Even today, the bulk of the company's current revenue comes from these products with almost all of the sales today based upon various government programs. However, as the quantum technology sector continues to grow, there [...]
Applications Due October 22nd for a Jumpstart Workshop to Learn How to Test the Market Potential of Your Quantum Innovationdougfinke2021-10-20T11:14:21-07:00
The Midwest I-Corps Node, in partnership with the Polsky Center for Entrepreneurship and Innovation at the University of Chicago, the University of Illinois at Urbana-Champaign, and Duality, is offering a Jumpstart workshop that will help teams explore the commercial viability of quantum technologies, including hardware and software solutions as well as quantum-enabling technologies. The workshop will consist of four two hour session from November 2 to December 14 that will provide guidance to teams on how they can learn customer pain points, build connections to a commercial ecosystem, assess the size of their potential market and develop a commercialization roadmap. Participants will be eligible to receive [...]
The Berlin Senate is funding this effort with €25 million over a five year period. The funds will be split with €15 million to be used for basic research and €10 million to be used for applied research. The activities will focus on both quantum software including basic research and industry related applications as well as quantum hardware, in particular photonic quantum enabling technologies. The Berlin Quantum Alliance (BQA) is based upon a concept developed by the Free University of Berlin, Humboldt University of Berlin, Technical University of Berlin, Fraunhofer Institute for Open Communication Systems (FOKUS) and the Fraunhofer Institute for Telecommunications (HHI). Additional [...]
QuantumPath is an ecosystem of tools, services and processes that simplify the development of quantum algorithms into hybrid information systems that support gate-based, quantum annealing and simulator backends. It consists of two component types. The first are QPath Core Modules which manage agnostic quantum algorithms & solutions (gate-based, quantum annealing) assisted by general purpose tools. CORE Modules enable this hybrid (classical/quantum) computing platform to support the quantum software life cycle and engineering. The second type of components are QPath® Platform Apps that support software engineering and programming best practices adoption for developing high-quality quantum software. The software currently provides support for backends [...]
The Economic and Security Implications of Quantum Science (ESIX) subcommittee of the U.S. National Science & Technology Council (NSTC) has issued a report with recommendations on how the U.S. can work with foreign talent to help advance the quantum industry. It is important to provide a balance between supporting an open innovation ecosystem with protecting national security. The report asserts that there is a continuing shortage of quantum trained individuals worldwide and it is important to grow this workforce in order for the U.S. to retain leadership in this technology. Key recommendations from the report including the following: 1) The United [...]
We've recently come across two surveys of current and potential enterprise users of quantum computing that provide an interesting view of their thoughts and give an indication of how they may deploy quantum computing in the future along with the biggest challenges. The first survey was performed by Hyperion Research under contract from D-Wave Systems. Preliminary results were reported at the recent D-Wave Qubits 2021 conference and we have received permission to provide a summary of it here. A final report is forthcoming and we will provide a link to it when it is available. The second survey was performed by [...]
The Joint Center for Quantum Information and Computer Science (QuICS) is a partnership between the University of Maryland and NIST set up to advance research and education in quantum computer science and quantum information theory. It was originally created in 2014 and now has received renewed funding of $12.2 million from NIST to cover the next five years. In addition to the $12.2 million, the University of Maryland (UMD) will also provide another $2 million over the next five years. The center will use these funds to grow its staff, research agenda and educational activities. QuICS has recently doubled its space on the [...]
The National Cybersecurity Center of Excellence (NCCoE) within the U.S. National Institute of Standards and Technology (NIST) is inviting interested parties to collaborate in their Migration to Post-Quantum Cryptography project. The purpose of this project is to develop practices to ease the migration from the current set of public-key cryptographic algorithms to post quantum cryptography (PQC) replacement algorithms that are resistant to quantum computer-based attacks. NIST has been working for several years on an algorithm selection process to choose appropriate algorithms which should be completed within the next one to two years. After that we expect the computer and communications industry will undergo a [...]
The Center for Quantum Technologies (CQT) is a National Science Foundation (NSF) funded program aimed at developing novel quantum technologies to address significant industry challenges. Its founding partners include Purdue University, Indiana University Bloomington, the University of Notre Dame, and Indiana University Purdue University-Indianapolis (IUPUI). D-Wave will provide access to its hardware, software and developer tools for CQT students as well as serve on the industry advisory board. They will be joining other CQT industry members including Accenture, Cummins, Entanglement, Inc., General Atomics, IBM Quantum and Quantum Computing Inc. An announcement from D-Wave about their joining the CQT program with additional [...]