News Brief

The companies will research using Quandela's photonic quantum computers to perform numerical simulations of hydroelectric dam deformation. The goal is the improve the accuracy and speed of these calculations while reducing energy consumption. This will leverage Quandela's expertise in using quantum approaches to solve differential equations and developing algorithms. EDF is a very large French state-owned energy company with sales of €84.5 billion ($83B USD) in 2021 and over 150,000 employees. They have been active in investigated uses of quantum technology since 2018, one of the first French companies to do so. Quandela, founded in 2017 and located near Paris, France, [...]

eleQtron, based in Siegen, Germany, is developing an ion trap quantum processor based upon a concept they call MAGIC (Magnetic Gradient Induced Coupling). They received some additional funding from venture organizations Earlybird and Siegerlandfonds. As we reported last week, they are also participating in a program sponsored by the German Aerospace Center (DLR) to research how to network individual chips to create a universal quantum computing architecture. It is reported that the total amount of new funds the company will receive will total €50 Million ($50M USD). However, it is not fully clear whether all of this amount will come from [...]

The Quantum World Congress is holding a pitch competition for startup or emerging company that’s utilizing quantum science and technology to develop solutions for the life sciences, biotech, or healthcare sector. Applicants have until November 9th at 11:59 PM Eastern Time to submit a pitch deck that has information on their company including a business summary, the value proposition, a go-to-market strategy and other information that will make the case why their company should be selected as a finalist. Approximately five to seven finalists will be invited to make the pitch live on November 29th at the Quantum World Congress event [...]

Breakthrough Victoria is a funding agency for the Australian state of Victoria that funds R&D. The funds provided to ColdQuanta will be used to establish the ColdQuanta-Swinburne Quantum Technology Centre at Swinburne University in Melbourne. The investment will fund the building of an advanced manufacturing capability for certain quantum components including glass cells used in the cold atom technology and creation of an education and training center to prepare the future quantum workforce. Additional information about this investment and the establishment of this new quantum technology center is available in a news release on the Breakthrough Victoria website here. October 29, [...]

PsiQuantum will work with the Air Force Research Laboratory (AFRL) to co-develop quantum photonic chips that will be manufactured at GlobalFoundries' semiconductor fab in Malta, N.Y. This contract was enabled by the $25 million funding that was provided by the government earlier this year to help fund manufacturing investments at GlobalFoundries for developing and building components for PsiQuantum’s photonic quantum computer. For more about this new contract, you can view the press release provided by PsiQuantum here. You can also review our previous article titled A Closer Look at PsiQuantum here that provides more details about their technology. Our previous article [...]

Seeking to expand its business in Asia, Quantinuum has signed an agreement with Mitsui to help develop the market as well as collaborate on potential applications for quantum computing in Japan and the Asia-Pacific. The Mitsui Group is one of the largest keiretsu in Japan with FY2022 revenue of $96.4 billion USD, offices in 63 countries and regions, and over 44,000 employees on a consolidated basis. Mitsui will help promote Quantinuum's offerings to external customer as well as potentially use quantum technology internally within their 16 business units. Product areas this partnership will focus on include computational chemistry, quantum cybersecurity, optimization applications, and [...]

French start-up Quandela announced that it will use the Information Technology Laboratory of the French Atomic Energy Commission (CEA-Leti) to manufacture its photonic chips to help provide them with a more controllable domestic supply chain. The first chips from this partnership are expected to be available in early 2023. Quandela is working on a 6-qubit NISQ processor which they intend to make available as a web service through OVHCloud by the end of the year. Also, Quandela has a photonic computer programming and simulation software platform named Perceval which allows users to simulate, model, and test their software that enables users to [...]

The funding is being provided to QuantrolOx by the European Innovation Council which is providing the funds as an upfront grant of €2.5 million ($2.4M USD) and an additional €8 million ($7.8M USD) as a matching equity investment when the QuantrolOx receives an equivalent investment from an outside source. QuantrolOx is developing automated machine learning based control software that will tune, stabilize, and optimize qubits for better performance. The software can monitor and adjust dozens of different parameters every microsecond and is intended to be technology agnostic and applicable to all types of quantum technologies. The company is expected to formally [...]

The EuRyQA project is being funded over 3 years by the European Commission's Horizon Europe program to establish Rydberg quantum processors as a leading platform for scalable quantum computing in Europe. The project will have eleven partners from seven countries. It will be led by the University of Strasbourg with other participants including PASQAL, QM Technologies, the University of Stuttgart, Qruise GmbH, EURICE GmbH, the University of Amsterdam, the Technical University of Eindhoven, Idryma Technologias Kai Erevnas, Associação Portuguese Quantum Institute, and Università degli Studi di Padova. The team will work to combine four complementary European Rydberg platforms and provide a common quantum [...]

Quantum Xchange is a Maryland based startup that provides a crypto-diverse management platform called Phio TX (Trusted Xchange). Phio TX uses a variety of techniques that enable its users to implement quantum safe networking without bearing a risk of having a single point of failure. Quantum Xchange has agreed to work with Warpcom, an Iberian technology integrator for networking and infrastructure with offices in Portugal and Spain, to promote the Phio TX technology to its clients in those countries. Warpcom was acquired in November 2021 by Evolutio, a Spanish IT firm headquarters in Madrid, and now operates as a subsidiary of the [...]