News Brief

The round was led by corporate investors Koch Disruptive Technologies and Covestro who along with Samsung Ventures and Citi all represent strategic corporate investors. D.E. Shaw and Pegasus Tech Ventures also participated in the round. This new round brings the total investment that has been made in QC Ware to almost $40 million. The new funds will be used to expand the QC Ware team and support the accelerated development of Forge™, QC Ware's software development platform. Navin Maharaj from Koch Disruptive Technologies and Sandeep Arora from Citi Sandeep will join QC Ware's board of directors. QC Ware has been able to secure a [...]

We reported in February that Cambridge Quantum had removed all license restrictions for the TKET Software Development Kit (SDK) so that the software was free for anyone to use. But removing licensing restrictions is not quite the same as open source because a user could find it difficult to examine the code, report issues, make their own contributions or develop extensions to the codebase. Now, with version 0.15, Cambridge Quantum has made TKET fully open sourced so users will now be able to accomplish these previous difficult or impossible tasks. TKET offers support for a large number of quantum processors while [...]

The new program is called the Priority Research Programme and Equipment (PEPR). The research will focus on four topics including robust solid state qubits solid state, cold atoms, quantum algorithms error correction and PQC, and fundamental non-conventional quantum based approaches to computing and cryptography. The research will be driven by French organizations CNRS - Centre national de la recherche scientifique, CEA and Inria, The funding will add to a previously announced research program of €300 million to bring total funding to €450 million ($522M USD). Additional information can be found in a LinkedIn posting from Neil Abroug, head of the French National Quantum Strategy, that you [...]

The shareholders of dMY Technology Group III (the “Company” or “dMY III”) have approved the business combination with IonQ with the transaction formally closing on September 30, 2021. The merged company will start trading on the New York Stock Exchange (NYSE) on October 1, 2021 under the ticker symbols under the symbols “IONQ” for the common stock and “IONQ.WS” for the warrants. As part of the deal IonQ will have $634 million in cash that will provide them with substantial funding for R&D and capital investments. For additional information about this transaction, you can view our earlier articles when the merger [...]

Block diagram of Dell's Hybrid Classical/Quantum Emulation Platform Dell Technologies has utilized IBM's open-sourced Qiskit platform to develop a containerized hybrid emulation platform that leverages Dell's EMC PowerEdge R740xd to execute classical-quantum code on both local and on-premise environments. The base software uses the Qiskit AER as the simulation engine, but since the code is open source other backends can be integrated with this software. Clearly, this is just an initial first step for Dell and its customers as they explore further utilization of quantum technology. We do expect additional quantum offerings in the coming years as Dell gains more experience [...]

Risk is a concept that pervades today's world in such areas as financial markets, supply chains, daily business operations, climate, and even geopolitics. Often these systems can be characterized using a large number of interacting mathematical parameters that can form extraordinarily complex relationships. By understanding the relationships between these parameters one can be able to understand the level of risks and potentially take various actions to minimize it. This is where quantum computing comes in. By using a mathematical technique called copula one can describe and model the dependence between random variables. This is an area where a quantum based approach [...]

Quantum Computing Inc. has named William J. McGann to serve on its Board of Directors. McGann has been the Chief Technology Office since 2019 at Leidos Inc., a defense, aviation, information technology, and biomedical research company headquartered in Reston, Virginia. Quantum Brilliance, a company developing synthetic diamond based quantum accelerators, that operate at room temperature has appointed Mark Mattingley-Scott as Managing Director of Europe. Mattingley-Scott was a 31 year veteran of IBM and most recently served as IBM Quantum Ambassador for the EMEA and Asia-Pacific teams. Rigetti Computing has announced that Dr. David Pappas has joined them as Senior Principal Scientist from [...]

The U.S. National Science Foundation (NSF) has awarded a consortium $5 million over a 2 years period to fund an initiative called QuSTEAM: Convergence Undergraduate Education in Quantum Science, Technology, Engineering, Arts and Mathematics. QuSteam will be led by Ohio State University and include key partners at the University of Chicago, the University of Michigan, Michigan State University and the University of Illinois at Urbana-Champaign. The initiative will also have industrial and national laboratory collaborators including GE Research, Honda and several JPMorgan Chase, Quantum Opus, Quantum Design Inc., Toptica, qBraid and Argonne National Laboratory. In total, the initiative will be comprised of [...]

Infosys Limited is a large Indian multinational information technology company that provides business consulting, information technology and outsourcing services. In their fiscal 2021 year, they had revenues of over $14 billion with over 250,000 employees. Their client base exceeds 1600 organizations with a worldwide presence in presence in India, United States, China, Australia, Japan, Middle East and Europe. They will be using Amazon Braket to explore and build use cases for quantum computing in segments including logistics, finance, energy, and telecom sectors. Some specific use cases they mentioned include vehicle route optimization and fraud detection. Infosys intends to provide their quantum offerings as part of Infosys Cobalt cloud offerings. For more about [...]

Artist's Impression of the National Quantum Computing Centre Building The new facility will be a three story, 4035 square meter (43K square feet) building specifically designed to support quantum research in the UK. and is scheduled for completion in 2023. It will have special construction used to shield the ground floor from extraneous magnetic and vibration interferences which can cause issues with the fragile qubits. The facility will have enough space to hold over 120 residents and researchers from academia, industry, government, quantum partner organizations and quantum start-ups and will be located in Oxfordshire at the Harwell Science and Innovation Campus. [...]