News Brief

IQM has signed a Memorandum of Understanding with T-Systems to provide T-Systems customers with access to IQM computers over the cloud. As part of this project, T-Systems plans on offering customers a variety of services to help train the customers and develop use cases. This services can last anywhere from one day for initial training to multiple months for helping a customer develop use cases. T-Systems is a subsidiary of Deutsche Telekom and is one of Europe's largest IT services companies. They have over 28,000 employees and had revenue of €4.2 billion ($4.6B USD) in 2020. The arrangement is similar to one [...]

Infleqtion, a quantum startup that provides both quantum and hardware solutions, has teamed up with UK Defense firm QinetiQ to win an award from Innovate UK for a project titled Quantum End-to-end Compilation for Combinatorial Optimisation (QECCO). The three year program will work on developing quantum software tools that will compile end-user applications directly to quantum hardware making it easier for end users to create applications that leverage quantum technology. The QECCO team will be focusing on the logistics and transport areas to solve such problems as job-shop scheduling, packing, routing, and satisfiability problems. For this project, Infleqtion will be utilizing [...]

Last year, we reported on a quantum solution provided by Quantum-South, a software company based in Montevideo, Uruguay, that utilizes the power of quantum computing to handle multiple variable optimization problems for loading cargo into airplanes. These considerations must take into account load shape, weight, and center of gravity as well as important plane and flight characteristics such as shear and fuselage shape. The company has now introduced a more advanced version of this software that provides Unit Load Device and Pallet Load Optimization, Aircraft Load Optimization, and Fuel Optimization. These are all important considerations because they maximize efficiency, minimize cost, [...]

Quobly (formerly named Siquance) is a spin-off from CEA and CNRS found in 2022 and located in Grenoble, France. They are developing a quantum processor based upon spin qubit technology that will leverage the French and EU semiconductor fabrication capabilities at CEA and CNRS. The have received a €19 million funding round led by Quantonation, Bpifrance, Supernova Invest, and Innovacom. In addition, Crédit Agricole Alpes Development, CEA Investment, Caisse d’Epargne Rhone Alpes, and BNP Paribas also participated in the round. This amount is the largest “seed” funding round ever for a European quantum company. The company will use the funds to [...]

French quantum hardware startup Alice & Bob has announced it is partnering with Atos subsidiary Eviden to provide emulation capabilities of the Alice & Bob hardware on Eviden's Qaptiva platform. This will allow end users to start gaining experience with Alice & Bob's architecture that utilizes what are known as "cat" qubits. This architecture greatly reduces the presence of bit-flip errors so that users only need to be concerned about phase-flip errors. This would significantly reduce the complexity of error correction codes needed and could reduce the number of physical qubits needed to create a logical error corrected qubits by an [...]

In December of last year, France, German, and the Netherlands announced an agreement to support a program to join forces and develop European leadership in the field of quantum technology. Now, the Dutch government's National Growth Fund has allocated €60.2 million to support Quantum Delta NL's participation in the program. The program is intended to strengthen the R&D cooperation between the different countries and accelerate the development of the European quantum technologies industry. The funds will be used to create shared centers of excellence where researchers from different organizations and countries can work together on joint projects. A second use will [...]

Delta g is a UK based company that has recently spun out of the UK Quantum Technology Hub Sensors and Timing at the University of Birmingham. It is a company focused on developing a precision cold atom gravity gradiometer for scanning beneath the earth’s surface for utility mapping, smart cities, smart mining, and building information modelling. The have received a funding round led by Science Creates Ventures, with additional investments from Quantum Exponential, Newable Ventures, Bristol Private Equity Club and angel investors. In addition, they have received a £500,000 ($641K USD) Innovate UK project grant via the ISCF Commercialising Quantum Technologies [...]

Quantagonia is a quantum software company headquartered in Frankfurt am Main, Germany that offers a hybrid quantum platform, that provides solutions for compute intensive industrial applications in the areas of AI/ML, simulation and optimization. They have announced that they have added Tensor Ventures as one of their investors which has increased their total seed funding to €4.3 million. The company will be using the funds to continue with the development of their software and to expand their sales efforts. A press release (in German) from Quantagonia announcing the additional funding can be accessed here. July 6, 2023

We reported in January that Quside had received a Series A round in the single-digit millions in a round led by Trumpf Ventures. They have now announced they have received additional funds in this round including the Catalan Institute of Finance (ICF) and several business angels. This bumps up the total funding to exceed €10 million ($10.8M USD). Quside is a spin-off of the Institute of Photonic Sciences (ICFO) of Barcelona and develops Quantum Random Number Generators (QRNG). The company will be using the funds to add additional members to its team, accelerate its sales and marketing efforts, and enhance the [...]

BosonQ Psi, a Quantum Software-as-a-Service (QSaaS) startup company headquartered in the U.S. with a presence in India and UK will partner with Tech Mahindra's Makers Lab to create use cases for many different industries. Tech Mahindra is a large international IT services and consulting firm headquartered in India with revenues over $6 billion USD and over 152,000 employees. The company works with over 1290 customers worldwide and can help open up opportunities for BosonQ's products. BosonQ Psi has developed a quantum-powered simulation suite called BQPhy and will work to integrate it with Tech Mahindra's systems. Market segments that the partnership will [...]