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Aquark Technologies, a UK-based quantum technology company, has raised €5 million ($5.58 million USD) in seed funding to advance its quantum sensing technology. The round was led by the NATO Innovation Fund (NIF), with participation from EIFO, UKI2S (managed by Future Planet Capital), and MBDA. The funding will help scale Aquark’s innovative, cold atom-based sensors, which are designed to provide precise signals for positioning, navigation, and timing, essential for sectors like defense, telecommunications, and finance. Aquark's proprietary quantum sensors address vulnerabilities in GPS systems, which have seen a rise in interference incidents in recent years. The company’s compact, mobile, and power-efficient [...]

Pasqal, a developer of neutral atom quantum computers, has announced a collaboration with the Université de Sherbrooke (UdeS) to enhance education and research in quantum computing. The partnership focuses on developing educational materials to train students for quantum computing careers, while fostering innovative research using Pasqal’s quantum technologies. Through this collaboration, Pasqal will offer internship opportunities to UdeS students, giving them hands-on experience in quantum computing. The partnership aims to bridge the gap between academic learning and industrial applications, helping to cultivate the next generation of quantum professionals. Pasqal has also committed over $1 million to support the creation of a [...]

HSBC has successfully tested quantum-secure technology for trading tokenised physical gold, enhancing protection against future quantum computing threats. This milestone builds on HSBC’s previous innovations, including its launch of tokenised gold for institutional and retail investors through the HSBC Orion digital assets platform. The technology also enabled the conversion of HSBC gold tokens into ERC-20 fungible tokens, improving interoperability with digital wallets and distributed ledger platforms. The pilot integrated post-quantum cryptography (PQC) and Quantinuum’s Quantum Origin technology to protect against potential "store now, decrypt later" cyber risks. A block diagram of how Quantinuum's Quantum Origin is used in this process is [...]

Oxford Ionics, a leader in trapped-ion quantum computing, has been awarded a contract alongside Infineon Technologies AG to build a cutting-edge portable quantum computer, MinIon, for the German cybersecurity agency, Cyberagentur. This contract is one of three awards for a project that has a total budget of €35M ($38.93M USD), which seeks to leverage quantum computing for national security and defense applications. The other two awards for the Cyberagentur project went to neQxt GmbH and a team from Quantum Brilliance and ParityQC. MinIon, the first mobile variant of Oxford Ionics' quantum computers, is designed to be compact, robust, and energy-efficient, enabling [...]

QuiX Quantum, a leader in photonic quantum computing, has launched its Bia™ Quantum Cloud Computing Service, marking its entry into the Quantum as a Service (QaaS) sector. This platform provides businesses and research institutions immediate access to quantum computing capabilities and aims to establish a hybrid quantum-classical computing environment. The Bia system is a room temperature photonic quantum processor that uses start of the art components such as single photon generator modules, light detection modules, and advanced quantum control software. It starts at 12 channels and can go up to 20 channels. Bia™ is designed to address specific challenges in fundamental [...]

Keysight Technologies has launched Quantum Circuit Simulation (Quantum Ckt Sim), a novel design environment aimed at enhancing the development of complex quantum circuits. Developed in collaboration with Google Quantum AI, this solution integrates frequency-domain flux quantization into simulation tools, marking a significant advance in modeling superconducting quantum circuits. This innovation is expected to improve qubit readout fidelity and streamline the design of large, nonlinear circuits. Quantum Circuit Simulation offers an extensive library of quantum devices, a robust design environment, and enhanced control features, enabling researchers to better manipulate quantum circuits. This new tool aims to improve the accuracy and efficiency of [...]

QMill, a quantum software company located in Espoo, Finland, has raised €4 million ($4.45M USD) in seed funding to accelerate its mission of delivering practical quantum computing solutions for industrial applications. The funding round was led by Maki.vc and Antler, with participation from industrial technology investor Kvanted and a €1 million ($1.11M USD) grant from Business Finland. QMill's founding team includes notable figures such as Dr. Hannu Kauppinen, former CTO of Nokia Technologies, and Prof. Mikko Möttönen, a professor at Aalto University, Dr. Ville Kotovirta, former head of VTT’s Quantum Algorithms and Software Team and Dr. Toni Annala, an L.E. Dickson [...]

Bluefors has officially opened its expanded production facility in Syracuse, New York, significantly increasing its capacity to manufacture Cryomech-branded cryocoolers and producing for the first time the BlueFors original dilution refrigerators in the USA. This expansion addresses the growing demand for cryogenic systems necessary for quantum technology applications, including quantum computing and sensing, with a projected high global market growth. The Syracuse location stems from the acquisition of Cryomech that Bluefors made last year. CEO Jonas Geust highlighted that this expansion makes Bluefors the largest producer of dilution refrigerators in the United States, reinforcing the company's commitment to supporting the quantum [...]