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Quantum Inspire Consortium Receives 4.5 Million Euro ($5.4M USD) Grant to Further Develop Its Quantum Inspire Cloud Computing System

2020-11-27T14:49:46-08:00

We first reported about Quantum Inspire in April 2020 as the first quantum cloud computing systems in Europe. Now the Dutch Research Council (NWO) has provided the consortium with a 4.5 Million euro grant to further develop the system. The consortium consists of TU Delft, Leiden University, Radboud University, HAS University of Applied Sciences, QuTech, TNO, Waag, Ministry of Defence, Malmberg, Zurich Instruments, Onderwijsnetwerk Zuid-Holland (ONZ), Leiden University Graduate School of Teaching and the system itself is physically located at QuTech in Delft, Netherlands. The funds will be used to develop systems with 50 qubits or more, design an intuitive and [...]

Quantum Inspire Consortium Receives 4.5 Million Euro ($5.4M USD) Grant to Further Develop Its Quantum Inspire Cloud Computing System2020-11-27T14:49:46-08:00

IBM Quantum Grants Special Quantum Computing Access to the Unitary Fund Community

2020-11-27T14:35:19-08:00

Unitary Fund, a non-profit that provides $4000 grants to projects that help develop the quantum technology ecosystem has added another benefit for those who receive awards. Awardees will now be able to enjoy increased access to the IBM Q infrastructure to perform their research. The increased access will include: A larger share of the queue on open IBM Quantum systems.Access to additional, non-open systems. These systems are more advanced than the open systems and generally have more qubits and better gate fidelities. The ability to book dedicated time on a system Many of the awardees are individuals, students or others who may not [...]

IBM Quantum Grants Special Quantum Computing Access to the Unitary Fund Community2020-11-27T14:35:19-08:00

CQC and NPL To Collaborate For Advancement and Commercialization of Quantum Photonic Products

2020-11-26T13:21:05-08:00

The UK’s National Physical Laboratory (NPL) and Cambridge Quantum Computing (CQC) are working together to optimize and commercialize photonic quantum devices including CQC’s Ironbridge quantum random number generator (QRNG). The activity will allow the UK government to validate the operation of Ironbridge, provide a seal of approval and help accelerate commercial adoption.  They will also also provide metrology and testing of this device with other photonic components such as emerging low-loss connectors intended to meet exacting IEC standards to improve the efficiency optical quantum networks. The team also plans to demonstrate Quantum Key Distribution (QKD) over a dedicated fiber link using [...]

CQC and NPL To Collaborate For Advancement and Commercialization of Quantum Photonic Products2020-11-26T13:21:05-08:00

PAck Quantique (PAQ) Program Created in Paris to Fund Quantum Projects

2020-11-25T22:40:38-08:00

With a goal of creating a strong quantum ecosystem in the Paris, France region three organizations, the Paris Region Council, Le Lab Quantique, and GENCI have created the Pack Quantique (PAQ) program to fund quantum projects.  They have started with three projects and an initial funding amount of 1.5 million Euros ($1.8M USD) over three years.  The three selected projects include: AQUARE will team Pasqal (neutral atoms based quantum computing) with giant utility EDF to investigate smart mobility and optimization of charging of shared e-vehicles fleetAQCMED will team Qubit Pharmaceuticals with Pasqal to explore drug discovery and accelerated computational drug design workflows in [...]

PAck Quantique (PAQ) Program Created in Paris to Fund Quantum Projects2020-11-25T22:40:38-08:00

M Squared Lasers Receives £32.5 million ($43.5M USD) in New Financing

2020-11-25T20:24:07-08:00

The financing includes £12.5 million ($16.7M USD) in equity from the newly formed Scottish National Investment Bank (SNIB) and £20 million ($26.8M USD) in debt financing from the finance firm Santander UK. The funds will be used to advance the company’s R&D as well as refinance some existing debt and complete a strategic buyout of part of an existing equity investment from the U.K. investor group Business Growth Fund (BGF). We had previously reported that M Squared is leading the UK’s £10 million ($13.1M USD) DISCOVERY project with eight additional partners to research the use of photonics in quantum computing. More [...]

M Squared Lasers Receives £32.5 million ($43.5M USD) in New Financing2020-11-25T20:24:07-08:00

Two New Quantum Networking Collaborations Announced in Canada and the Netherlands

2020-11-25T17:58:05-08:00

Two different quantum networking collaborations have been announced separately in Canada and the Netherlands. The first is called the Canadian Quantum Network (CQN) and will include Xanadu, MaRS (a launchpad for Canadian startups), and the Creative Destruction Lab (CDL). They will start by creating a three node network in the Toronto area connecting the three organizations using fiber optic cables and it is expected to be operational by 2021. A longer term vision is to create a network nationwide across Canada. A quantum network is different from a classical network because the information is encoded in qubits rather than bits. This [...]

Two New Quantum Networking Collaborations Announced in Canada and the Netherlands2020-11-25T17:58:05-08:00

Zapata Computing Receives $38 Million in Series B Financing

2020-11-19T06:54:43-08:00

The round was led by Comcast Ventures, Pitango and Prelude Ventures, with additional participation from BASF Venture Capital, Robert Bosch Venture Capital, The Engine Accelerator Fund and new investors, including Ahren Innovation Capital, Alumni Ventures Group, Honeywell Venture Capital, ITOCHU Corporation and Merck Global Health Innovation Fund. This new round brings the total company funding to $64 million. As a quantum software company, Zapata has four key research efforts which include the Orquestra workflow management platform, optimizing quantum hardware, benchmarking quantum applications, and advancing quantum machine learning. Although many researchers in the quantum community believe that quantum chemistry or quantum optimization may be the earliest applications to use quantum computing for advantage, Zapata [...]

Zapata Computing Receives $38 Million in Series B Financing2020-11-19T06:54:43-08:00

Quantopticon Launches Quantillion Software for the Design and Optimization of Quantum-Optical Components

2020-11-18T17:16:09-08:00

Quantillion can be used to model quantum optical devices and saves time and money because engineers will not have to go through multiple prototypes to optimize their design. Quantopticon indicates that the software provides many more features than both classical modelling software and open-source quantum optics toolboxes. You can view a product brochure here and also download a demo of the software here. November 18, 2020

Quantopticon Launches Quantillion Software for the Design and Optimization of Quantum-Optical Components2020-11-18T17:16:09-08:00

Multiverse Computing Closes a 1.5 Million Euro ($1.78M USD) Funding Round

2020-11-16T20:51:24-08:00

The funding was was provided by Quantonation, Seed Gipuzkoa, Easo Ventures S.C.R., Mondragon Promotion Fund FCR and Penja Strategy. Multiverse is a quantum software company that specializes in providing hyperefficient software for companies in the financial industry for problems including financial optimization, fraud detection, and artificial intelligence. The company has offices in Donostia, Basque Country, Spain and also Toronto, Canada. They are currently working with Spanish financial companies Bankia and BBVA and have several others in preparation. Additional information about this funding can be found in the news release on the Multiverse web site here. November 16, 2020

Multiverse Computing Closes a 1.5 Million Euro ($1.78M USD) Funding Round2020-11-16T20:51:24-08:00

Finland Selects IQM to Build the Country’s First Quantum Computer

2020-11-16T20:14:36-08:00

After going through a competitive bidding process, the Government of Finland has selected IQM to build its first quantum computer.  IQM will be working with VTT, a state-owned non-profit corporation on this project and the project will have a budget of €20.7 million (about $24.5 Million USD). The ultimate goal of the project will be to have a 50 qubit device by 2024.  But there will be interim steps with an initial goal of having a 5 qubit device within the next 12 months.  IQM was founded as a spinoff from a research group at Aalto University.  The company is developing [...]

Finland Selects IQM to Build the Country’s First Quantum Computer2020-11-16T20:14:36-08:00