QuantaMap Receives €1.4 Million ($1.5M USD) in Early Stage Venture Funding

2024-08-27T21:51:29-07:00

QuantaMap, a Dutch quantum technologies startup, has secured €1.4 million in early-stage funding to improve the production of quantum computer chips. The funding round was led by QDNL Participations and will be combined with a grant for SMEs provided by the Quantum Delta NL foundation. The funds will be used to further develop the technology and scale production capabilities. Quantum computing has the potential to solve complex problems in various fields, but the production of quantum chips is challenging. QuantaMap has developed a novel microscope that allows quantum researchers and chip manufacturers to closely inspect each chip to assure and improve [...]

QuantaMap Receives €1.4 Million ($1.5M USD) in Early Stage Venture Funding2024-08-27T21:51:29-07:00

Riverlane Partners with Rolls-Royce and NQCC to Explore Accelerating Materials Design Using Quantum Computing

2024-08-27T21:51:30-07:00

Riverlane, Rolls-Royce, and the National Quantum Computing Centre (NQCC) have partnered to accelerate materials discovery using quantum computing. The collaboration aims to build computational tools to simulate large, complex materials on a quantum computer, a task that is currently challenging for classical algorithms. The Quantum Accelerator for Materials Design (QuaMaD) project, building on Riverlane’s existing algorithms research, will significantly reduce the number of qubits (quantum bits) required for the quantum simulation of new materials. This is crucial as modern pharmaceutical, chemical, and materials companies rely on simulation to develop new materials and medicines. Riverlane’s Quantum Error Correction Stack, which sits between [...]

Riverlane Partners with Rolls-Royce and NQCC to Explore Accelerating Materials Design Using Quantum Computing2024-08-27T21:51:30-07:00

Kipu Quantum Raises a €10.5 Million ($11.5M USD) Seed Round

2024-08-27T21:51:30-07:00

Kipu Quantum, a German quantum software company, has successfully raised a seed round funding of 10.5 million EUR. This funding will be used for the further development of their hardware-specific quantum algorithms. The financing round was led by HV Capital and DeepTech & Climate Fonds (DTCF) with additional participation from existing shareholders, Entrada Ventures, Quantonation, and First Moment Ventures, and also new investors Onsight Ventures and QAI Ventures. The funds will be used to expand their team of quantum scientists, researchers, and engineers, with the goal of reducing the time to industrially-useful quantum computers by several years. Kipu Quantum’s unique approach [...]

Kipu Quantum Raises a €10.5 Million ($11.5M USD) Seed Round2024-08-27T21:51:30-07:00

Quantum South’s Automatic Package Selection and Ordering (APSO) is Now Available on the International Air Transportation Association’s (IATA) Open API Hub

2024-08-27T21:51:31-07:00

Quantum-South’s product, Automatic Package Selection and Ordering (APSO), is a quantum-inspired optimization tool that increases cargo load factors in load planning scenarios. It considers multiple optimization objectives and constraints to return optimal load plans for each container. APSO is now available on the International Air Transportation Association’s (IATA) Open API Hub, a hub which allows airline industry organizations to discover and collaborate with APIs from trusted providers. It is a Software as a Service (SaaS) designed to optimize package selection during loading scenarios for airlines, cargo handlers, and warehouse operators. It addresses capacity utilization challenges in the air cargo industry, enabling [...]

Quantum South’s Automatic Package Selection and Ordering (APSO) is Now Available on the International Air Transportation Association’s (IATA) Open API Hub2024-08-27T21:51:31-07:00

GQI’s Take on Harvard’s Logical Qubits Demonstration – Executive Summary

2024-08-27T21:51:32-07:00

GQI has developed a full analysis of the recent technical paper that describes a Harvard-led experiment on error correction. The article below is a summary of our conclusions. To obtain a copy of the full analysis, contact us at info@global-qi.com. A Harvard-led experiment with up to 48 logical qubits is the most eye-catching demonstration of quantum error correcting codes to date. However, GQI believes this is not yet a ‘Sputnik moment’ for fault tolerant quantum computing. Sputnik - On 4 October 1957 the Soviet Union launched Sputnik 1 into orbit. This grabbed headlines around the world, radically raised the profile of [...]

GQI’s Take on Harvard’s Logical Qubits Demonstration – Executive Summary2024-08-27T21:51:32-07:00

Podcast with Earl Campbell, VP of Quantum Science at Riverlane

2024-08-27T21:51:32-07:00

Earl Campbell, VP of Quantum Science at Riverlane, is interviewed by Yuval Boger. Earl and Yuval discuss the challenges and solutions in making quantum computing practical, including creating reliable qubits in large numbers and managing noise as systems scale. Earl emphasizes that the number of physical qubits needed for a logical qubit varies based on error rates and the type of error correction code used. He notes his belief about upcoming breakthroughs in the industry and much more. Transcript Yuval:  Hello, Earl, thank you for joining me today. Earl:  It's a pleasure to be here. Yuval: So, who are you, and [...]

Podcast with Earl Campbell, VP of Quantum Science at Riverlane2024-08-27T21:51:32-07:00

Anaqor is Creating a Community of Quantum Computing Users Via their PlanQK Platform

2024-08-27T21:51:33-07:00

Anaqor, a Berlin and Stuttgart-based quantum startup, is revolutionizing the quantum computing landscape through its PlanQK platform. Launched in 2019 with support from the German government, PlanQK stands as a pioneering community-powered quantum platform. It has already garnered trust from over 100 organizations, showcasing its impact and reach.This platform acts as a technological linchpin, connecting various stakeholders within the quantum value chain. The goal is to stretch the boundaries of current capabilities and maximize societal impact. PlanQK is unique in its dual appeal to both quantum app developers and users. Developers gain a marketplace to showcase their solutions and expertise, while [...]

Anaqor is Creating a Community of Quantum Computing Users Via their PlanQK Platform2024-08-27T21:51:33-07:00

Who’s News: Managements Updates at Quantinuum, Q-CTRL, Zapata, Qrypt, and PsiQuantum

2024-08-27T21:51:34-07:00

Quantinuum has announced that Dr. Harry Buhrman has joined the company as Chief Scientist for Algorithms and Innovation. He will be leading the company's quantum algorithms group and directing the integration of Quantinuum’s quantum process technology with its software and application product offerings. He has been involved with quantum computing since the 1990's and most recently has been the Founding Director of QuSoft in Amsterdam, a Professor of Quantum Information Processing at the University of Amsterdam and a Group Leader for Algorithms and Complexity at Centrum voor Wiskunde en Informatica (CWI). A press release from Quantinuum announcing his joining the company [...]

Who’s News: Managements Updates at Quantinuum, Q-CTRL, Zapata, Qrypt, and PsiQuantum2024-08-27T21:51:34-07:00

Australia’s CSIRO to Provide $3.6 Million AUD ($2.4M USD) in Funding for 16 Quantum PhD Scholarships

2024-08-27T21:51:34-07:00

Australia's Commonwealth Scientific and Industrial Research Organisation (CSIRO) is implementing a Next Generation Quantum Graduates Program which allocates $3.6 million to fund four quantum research initiatives. The program will provide 16 PhD scholarships for projects across 11 Australian universities, focusing on areas from quantum internet to sub-atomic biological processes. The program, announced by Labor in May 2022 and funded by CSIRO in April, will run from 2024 to 2029. It aims to leverage existing university resources to tackle industry challenges and accelerate Australia’s quantum technology industry. Lead institutions for the funding include Deakin University, the University of Queensland, Swinburne University of [...]

Australia’s CSIRO to Provide $3.6 Million AUD ($2.4M USD) in Funding for 16 Quantum PhD Scholarships2024-08-27T21:51:34-07:00

QNu Labs Obtains $6.5 Million in Pre-Series A Funding

2024-08-27T21:51:35-07:00

The investment was led by Ashish Kacholia of Lucky Investments, with additional participation from Speciale Invest. QNu labs is a quantum cybersecurity company founded in 2016 from IIT, Madras Research Park. They provide QKD, QRNG, and PQC products for enterprises to protect their critical infrastructure from quantum attacks by adversaries using future quantum computers. The company is headquartered in Bengaluru, Karnataka, India and will be using the funds to expand their sales, marketing, and engineering teams. They will also work to accelerate the deployment of their solutions and expand into new geographic markets. Additional information is available on the website of [...]

QNu Labs Obtains $6.5 Million in Pre-Series A Funding2024-08-27T21:51:35-07:00
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