dougfinke

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 [...]

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 [...]

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 [...]

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 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 [...]