News Brief

One of the more significant applications for quantum computing will be within the financial industry to create financial models for credit ratings, risk, portfolio optimization, credit analysis, fraud detection and many other things. Moody's, with over 2021 revenue of over $6 billion and over 13 thousand employees, is one of the largest service firms that provides such information to the financial and other industries. As part of their efforts, the Moody's Analytics subsidiary has set up a new quantum computing team under the direction of Sergio Gago Huerta, Managing Director of Moody’s Quantum Computing, to explore how quantum computing can be [...]

The grant was provided by Innovate UK, part of UK Research & Innovation, to create a high-purity single-photon output rate with an output rate exceeding currently available commercial lasers. Potential applications include high-speed quantum key distribution, quantum information processing, and serving as a brighter source for imaging or sensing applications. AegiQ is a spin-off from The University of Sheffield that was founded in 2019. The Fraunhofer Centre for Applied Photonics (CAP) in Glasgow, Scotland is a world-leading center in the field of applied laser research and development. Additional information about this grant can be found here. September 14, 2022

Cryptosense is a company headquartered in Paris, France in 2013 that has a leading platform for cryptography lifecycle management. It provides an automated means for organizations to get full visibility into their cryptography during development and cryptography assets in production. It also helps IT organizations to resolve compliance issues and resolve vulnerabilities. SandboxAQ has acquired the company for an undisclosed amount as part of their Strategic Investment Program. The Cryptosense technology will complement SandboxAQ's own Post Quantum Cryptography (PQC) solutions and allow the combined team to deploy solutions at a faster pace and an expanded customer base. This is the second [...]

Amazon Web Services (AWS) will provide funding to the Harvard Quantum Initiative for a three year program of faculty-led research into key technologies used in quantum networking including quantum memories, integrated photonics, and quantum materials. Part of the funding will also be used to upgrade the quantum fabrication capabilities of the NSF-supported Center for Nanoscale Systems at Harvard. Associated with these efforts at Harvard, AWS will also be researching quantum memory technology at the newly formed AWS Center for Quantum Networking. Quantum memories are a particularly important component for quantum repeaters which are needed to enable the long distance transmission of photonic qubits. [...]

The award was made by the Innovate UK project to a team led by startup Wave Photonics with partners Alter Technology TUV NORD UK, Senko Advanced Components, University of Southampton, and the University of Bristol. The project will last for one year as the team works to create design templates and simplify the development of packaging for Quantum Photonic Integrated Circuits (QPICs). QPICs can be manufactured using semiconductor manufacturing techniques which can allow them to be made reliably at high volumes. However, up until now the packaging of these QPI devices has not been standardized so customization of the packaging is [...]

The award was provided by the Commonwealth of Massachusetts' Collaborative Research and Development Matching Grant program managed by the Innovation Institute at the Massachusetts Technology Collaborative  (MassTech). It will be used to create the Experiential Quantum Advancement Laboratories (EQUAL) at Northeastern University’s Innovation Campus in Burlington, Massachusetts. This laboratory will focus on researching quantum sensors and related technologies and they will seek partnerships with other researchers in industry, government, and academia. The project will also help provide workforce training and will help Northeastern's efforts to offer new Ph.D. and Master’s degree programs in Quantum Information Science and Engineering, as well as [...]

The Unitary Fund team is announcing its first Quantum Open Source Software (QOSS) survey to get a better understanding of the quantum computing community’s needs, background and to improve their products/services/events and educational material. The survey will cover information on demographics, experience, community, research, tech stacks and encourage specific feedback. The Unitary Fund is also releasing a related survey understand the state of Diversity & Inclusion of the Quantum Open Source Software (QOSS) community. They are encouraging everyone who codes or wants to code for and with quantum computing technologies to fill out both of these surveys so they can get a better [...]

We reported in June that Qphox is collaborating with Quantware to provide a way to network muiltiple superconducting processor chips together. They call their technology a  Quantum Modem™, a quantum transducer that will couple microwave and optical photons through a mechanical intermediary resonator. This allows qubit information to be routed through a room temperature fiber optic cable to a separate quantum processing chip. Qphox has now announced a partnership with Finnish company IQM, one of the leading quantum processor startups in Europe. Several companies are pursuing various forms of multiprocessing in order to scale up the number of qubits needed to [...]

Multiverse is a leading quantum software company headquartered in San Sebastian, Spain that provides quantum and quantum-inspired solutions to companies in the finance, mobility, energy, life sciences and advanced manufacturing verticals. Objectivity Ltd. is a UK headquartered company with over 1000 employees and additional branches in Poland, Germany, Mauritius that delivers custom software solutions, digital transformation, and IT consulting. The two companies will be collaborating to bring quantum solutions such as Multiverse's Singularity platform to Objectivity's clients in Europe, the Middle East and Africa. They will be initially planning to focus on industry sectors including finance, manufacturing, healthcare and life sciences, retail [...]

The National Quantum Office of Singapore, VTT Technical Research Centre of Finland, IQM Quantum Computers and CSC - IT Center for Science (Finland) have signed a Memorandum of Understanding (MoU) agreeing to work together to explore and promote research and development in quantum technologies. This cooperation will encompass areas including technology hardware components, algorithms and applications, quantum-accelerated high-performance computing and both terrestrial and satellite quantum communications. A press release with additional information about this agreement is available on the VTT website here. August 30, 2022