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Quantum Simulation Technologies, Inc. (QSimulate) has secured $2.5M in funding from 2xN, UTokyo IPC, and Kyoto iCAP. The investment will bolster QSimulate’s business, which focuses on its quantum physics-based drug-discovery platform, QSP Life. This platform includes QUELO, QuValent, and QuantumFP, which cover various aspects of drug design. QSimulate employs proprietary quantum physics-based algorithms to predict solutions to large-scale biological problems. Its technology has facilitated the first quantitative application of quantum mechanics to drug design, offering predictions with unparalleled accuracy. This has paved the way for the computational study of new therapeutic classes. In partnership with Google Quantum AI, QSimulate has contributed [...]

Alice & Bob, a hardware developer in quantum computing, has partnered with OVHcloud to launch Felis, the first quantum emulator capable of predicting the behavior of logical qubits. Available through the OVHcloud Public Cloud universe, Felis allows users to tune error rates and abstracts error correction, simplifying quantum algorithm testing. Felis is a significant addition to OVHcloud’s quantum emulators and a step forward for the French quantum industry. It enables algorithm developers to experiment with high-quality qubits, accelerating the path to industrially relevant applications. This is the first time an emulator is capable of anticipating the behavior of logical qubits with [...]

PASQAL, a quantum computing company, has announced a $90 million initiative over five years in Sherbrooke, Quebec. The project aims to manufacture and commercialize quantum computers, and conduct research and development in collaboration with academic and industrial partners within DistriQ, a quantum innovation zone. The goal is to establish Sherbrooke as a globally recognized quantum hub. The Government of Quebec is supporting this investment project with a $15 million CAD ($11M USD) loan for the establishment of PASQAL SAS’ subsidiary in DistriQ. The project is expected to create 53 permanent jobs over five years. The Premier of Quebec, François Legault, officially [...]

Diagram Showing How Q-CTRL Embedded Software is Integrated with IBM Quantum Q-CTRL and IBM have announced that Q-CTRLs error suppression technology, named Q-CTRL Embedded, has been integrated into the IBM Qiskit runtime system. This feature is currently only available for users on the Pay-As-You-Go plan. There is no additional cost for those users who utilize this capability. This is the first time that IBM has integrated third party software into their system in this manner. The software can be invoked with a single line of code. This software can provide users with a significant improvement in the quality of the calculated [...]

By Dr Chris Mansell, Senior Scientific Writer at Terra Quantum Shown below are summaries of a few interesting research papers in quantum technology that we have seen over the past month. Hardware Title: Electron charge qubit with 0.1 millisecond coherence timeOrganizations: Argonne National Laboratory; University of Chicago; Lawrence Berkeley National Laboratory; The NSF AI Institute for Artificial Intelligence and Fundamental Interactions; Massachusetts Institute of Technology; Northeastern University; Stanford University; University of Notre DameElectron charge qubits on solid neon are not as well known as some of the other quantum computing hardware platforms, but they soon could be. The authors of this [...]

Oxford Quantum Circuits is a quantum processor manufacturer using superconducting technology and formed in 2017 and based in the UK. The $100 million Series B investment was led by SBI Investment with additional participation from previous investors Oxford Science Enterprises (OSE), University of Tokyo Edge Capital Partners (UTEC), Lansdowne Partners, and OTIF, acted by manager Oxford Investment Consultants (OIC). It is the largest Series B investment so far achieved in the UK for a quantum company. Previously, they had raised  £41 million ($51.8M USD) in 2022 in a Series A funding which was also the largest Series A funding for a quantum [...]

As part of a multi-client study on the technology used in the middle part of the quantum computing stack, GQI Simon Fried from Classiq who shared his view on how Classiq is democratizing quantum via their platform: Quantum Computing Midstack is an essential bridge between hardware and software, QPUs, and end-user requirements and plays a pivotal role in shaping the trajectory of quantum computing. Our vision from day one was that without a full-stack software solution quantum computing could not attain its maximum potential.The Classiq platform’s three components cover the midstack and application layers.We invite you to explore our true quantum [...]