Mohamed Abdel-Kareem

Nokia and SK Broadband have deployed a quantum-secure leased line network for Korea Hydro and Nuclear Power (KHNP) to enhance the protection of its critical IT infrastructure. Completed in August 2024, the project integrates Nokia's Quantum-Safe MACsec cryptographic technology to secure KHNP’s IP MPLS leased line network, ensuring robust protection against current and future cyber threats, including those posed by quantum computing. This collaboration leverages Nokia's advanced network equipment, such as transmission equipment, interconnect routers, and service access systems, along with its Network Services Platform (NSP) to simplify network management. The deployment enables KHNP to benefit from enhanced security without compromising [...]

AmpliTech Group, Inc. has introduced its proprietary cryogenic Low-Noise Amplifiers (LNAs) based on High Electron Mobility Transistor (HEMT) technology, specifically designed for quantum computing applications. These advanced amplifiers are essential for the operation of quantum computers at ultra-low temperatures of 4 Kelvin, which is crucial for achieving high-fidelity quantum operations. AmpliTech has successfully delivered these amplifiers to leading Fortune 50 companies and research institutions, establishing itself as a key player in the quantum computing sector. The cryogenic HEMT-based LNAs are instrumental in minimizing noise within quantum systems, enabling accurate detection of quantum signals. This technology directly supports the development of scalable, [...]

The National Science Foundation (NSF) has added six new pilot projects to its National Quantum Virtual Laboratory (NQVL) initiative. These projects, each funded with $1 million over 12 months, aim to accelerate the development of quantum technologies by providing U.S. researchers with access to advanced tools and real-world testing environments. They join five previously announced projects, collectively advancing quantum science as envisioned in the National Quantum Initiative Act. The six new projects focus on diverse areas of quantum research: Q-BLUE (Iowa State University): Developing analog quantum hardware for applications in chemistry and physics. ASPEN-Net (University of Oregon): Creating a quantum networking [...]

Banco Sabadell has collaborated with Accenture and QuSecure to implement post-quantum cryptography (PQC) technologies, enhancing the bank's infrastructure against future quantum threats. Using QuSecure's cryptographic agility software and open-source libraries, the project explored modernizing encryption systems to ensure resilience in the post-quantum era. The four-month initiative provided Banco Sabadell with a roadmap to achieve quantum resiliency, aligning with emerging NIST PQC standards. Accenture leveraged its expertise in quantum security and testing environments to guide the process, while QuSecure demonstrated its cryptographic agility solutions, enabling enterprises to upgrade security without overhauling existing infrastructure. Joan Puig, Banco Sabadell's Chief Information Security Officer, emphasized [...]

Q-CTRL and Accenture Federal Services have collaborated to enhance federal network security using quantum optimization techniques. By applying Q-CTRL’s Fire Opal software, the partnership has targeted the challenge of network anomaly detection events such as security threats or networking inefficiencies, that can arise due to the complexity of large-scale networks. These anomalies can be found by using a Max-Cut optimization approach in the analysis. Fire Opal improves the performance of quantum hardware over more classical methods, enabling more accurate identification of anomalies by addressing the Max-Cut optimization problem in network analysis. This collaboration leverages quantum computing’s potential to solve optimization problems more efficiently than classical methods, [...]

SEALSQ Corp (NASDAQ: LAES), a Swiss company specializing in semiconductors, PKI, and post-quantum cryptography (PQC) technologies, has secured $10 million in gross proceeds through a registered direct offering. The offering, priced above market under NASDAQ rules, involves the sale of 7,692,308 ordinary shares at $1.30 per share. Maxim Group LLC acted as the sole placement agent for the transaction, which is expected to close on December 16, 2024, subject to standard conditions. The funding will primarily support SEALSQ's development of next-generation post-quantum semiconductor technologies and ASIC capabilities within the United States, in addition to bolstering working capital and general corporate purposes. [...]

BosonQ Psi (BQP) has closed a $3 million+ Seed-I funding round, boosting its total funding to $4.7 million. Led by Monta Vista Capital, other investors include Emergent Ventures, Armory Square Ventures, Alumni Ventures, and Paradigm Shift Capital. The funding will accelerate BQP's expansion in the U.S. and Indian markets, focusing on Aerospace & Defense and Semiconductor industries. BQP is tackling innovation challenges in the $22 billion simulation market, where outdated technologies slow time-to-market or risk design flaws. Its platform, BQPhy©, leverages quantum-inspired algorithms to enhance simulations up to 10X on today’s high-performance computing systems, aiming for 1000X acceleration on future quantum [...]

IBM CEO Arvind Krishna shaking hands with Illinois Governor JB Pritzker at the announcement ceremony IBM and the State of Illinois, supported by universities and industry leaders, announced plans to establish the National Quantum Algorithm Center in Chicago's Illinois Quantum and Microelectronics Park (IQMP). This initiative will feature IBM's Quantum System Two, equipped with the 156-qubit Heron processor, enabling utility-scale algorithms beyond classical computational limits. The system will integrate quantum and classical computing, advancing hybrid supercomputing capabilities. The center aims to drive quantum algorithm development, leveraging Illinois' robust ecosystem of academic institutions like the University of Chicago and the University of [...]

Quantum Computing Inc. (QCi), a company specializing in photonics and quantum optics technology, has raised $50 million through two concurrent offerings of common stock. The funds will support the company's working capital needs, general corporate purposes, and the advancement of its quantum technologies, particularly the ongoing development of its thin-film lithium niobate (TFLN) Photonic Chip Foundry in Tempe, Arizona. This facility is on track to be operational in Q1 2025. The funding includes: Registered Direct Offering: Sale of 1.54 million shares at $5.00 per share. Private Placement: Sale of 8.46 million shares at the same price. These initiatives aim to strengthen [...]

D-Wave Quantum Inc. has successfully raised $175 million in gross proceeds through two at-the-market (ATM) equity offering programs. The latest $75 million program, launched on December 9, 2024, was completed at an average share price of $4.8149 over three days. These funds strengthen D-Wave's financial position, with the company projecting at least $160 million in cash by the end of Q4 2024. The capital will support D-Wave's working capital, capital expenditures, and continued development of its quantum computing technologies. The company's 5,000-qubit Advantage™ quantum computer is the largest of its kind and plays a pivotal role in advancing annealing quantum computing. [...]