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Quantum Source, a company focused on developing practical photonic quantum computers, has raised $50 million in a Series A funding round. This latest round, led by Eclipse with participation from Standard Investments, Level VC, Canon Equity, and existing investors Pitango First, Grove Ventures, 10D, and Dell Technologies Capital, brings the company's total funding to $77 million. Founded in 2021 by Oded Melamed, Gil Semo, Dan Charash, and Professor Barak Dayan, Quantum Source is developing a scalable photonic quantum architecture designed to handle millions of qubits with reduced complexity, footprint, power consumption, and cost compared to other quantum computing technologies. The funds [...]

Quantum Bridge has been accepted into the Canadian Government's fast-track procurement program, following successful testing of its Symmetric-Key Distribution System (SDS). This system combines Distributed Symmetric Key Establishment (DSKE) and Post-Quantum Cryptography (PQC), including the Module-Lattice-Based Key-Encapsulation Mechanism (ML-KEM), a new encryption standard established by the U.S. National Institute of Standards and Technology (NIST). The integration of these technologies offers an unbreakable encryption method to safeguard sensitive data against future quantum threats. Quantum Bridge’s technology addresses growing concerns about "harvest-now, decrypt-later" attacks by offering quantum-safe solutions. Its encryption method ensures the security of information such as financial data and medical records, [...]

IonQ (NYSE: IONQ), a leader in quantum computing, has signed a $9 million partnership with the University of Maryland (UMD) to strengthen quantum innovation and expand access to QLab, the National Quantum Lab at Maryland. This three year strategic agreement aims to enhance UMD's position as a global hub for quantum research by offering students, faculty, and partners unprecedented access to IonQ’s cutting-edge trapped ion quantum computers. UMD, which has been at the forefront of quantum research for over 35 years, is home to 10 quantum-focused centers and more than 200 researchers. The university has produced over 200 annual publications and [...]

Aliro, a leader in quantum networking, has announced an expanded agreement with the Air Force Research Laboratory (AFRL) to provide advanced software solutions for AFRL’s quantum networking research. This collaboration focuses on enabling AFRL to simulate, test, and operate entanglement-based quantum network infrastructure, including the networking of quantum computers using heterogeneous qubit platforms. Through this partnership, Aliro will provide Aliro Simulator, a modular quantum network simulator that models entanglement-based networks. The simulation environment will allow AFRL to evaluate components, protocols, and configurations within their quantum networks, enhancing the accuracy, flexibility, and scalability of the systems. Aliro CEO Jim Ricotta noted, "Very [...]

Bullnet Capital, a Spanish venture capital firm specializing in high-tech investments, has led an investment round in Inspiration-Q, a spin-off of the Spanish National Research Council (CSIC). Founded in 2021 by quantum computing experts Samuel Fernández Lorenzo, Juanjo García-Ripoll, and Diego Porras, Inspiration-Q focuses on the development and commercialization of quantum-inspired algorithms. These algorithms, designed to run on conventional computers, provide the optimization and sustainability benefits associated with quantum computing, while being ready for future deployment on quantum hardware. The fresh capital from Bullnet Capital will enable Inspiration-Q to expand its team and strengthen its software platform, which has already proven [...]

by Amara Graps Quantum Network Testbeds Near You “Where are the Quantum Internet pilot projects nearest to my home?” -might have been one of your questions when you read success stories in the Quantum Computing Report last May, such as the  Harvard and AWS' Quantum Network, which utilized a Quantum Memory component,  or the earlier April story about the Quantum Network that ran 15 days uninterrupted under New York streets. A good place to find your answer is inside the list of 44 Quantum Network Testbeds in: QCR’s  Where are the Worldwide Quantum Networking Testbeds? Quantum network and communication developments are [...]

At the Quantum World Congress event, Quantinuum has unveiled its quantum processor development roadmap, with a goal of providing systems that can provide users with a quantum advantage in the next few years. Their roadmap builds upon the continued progress they have made with the H1 and H2 generations of processors and the roadmap extends for three more generations through 2029. Quantinuum has a demonstrated track record over several years of continuing to increase qubit count and qubit fidelity starting with the original H0 processor introduced in 2019. Going forward, they are building upon the latest results of their 56 qubit [...]

Rendering of a Q4S Satellite Containing Entanglement Swapping Device. Credit:Boeing One of the key components that will be needed in a future quantum internet is a device that performs a process known as entanglement swapping. This is a device can start with two pairs of entangled photons and swaps the entanglement such that a photon from the first pair becomes entangled with a photon from the second pair. As an example, in the diagram below, the process starts with Photon 1 entangled with Photon 2 and also Photon 3 entangled with Photon 4. By performing a Bell State Measurement between Photons [...]

At this week's Quantum World Congress, Microsoft made three announcement on advancements and developments in their quantum program. The first is continued advancement in its error correction research in partnership with Quantinuum. In April, we reported that this team has created a circuit that creates four logical qubits from 30 physical qubits on Quantinuum’s H2 processor. Now they have implemented a [[16,4,4]] tesseract code that is more efficient and can encode four logical qubits with only 16 physical qubits. They have leveraged this code to demonstrate three different circuits that implement 4 logical qubits on Quantinuum's 20 qubit H1 processor and [...]

Q-CTRL’s native performance management delivers more value for users with fully integrated performance management for quantum computing platforms. Q-CTRL has announced the integration of its performance-management software, Fire Opal, with four leading quantum computing platforms: Rigetti, Oxford Quantum Circuits (OQC), Diraq, and IBM Quantum. This expansion showcases Q-CTRL's ability to improve quantum computing performance across diverse hardware systems, reinforcing its leadership in quantum infrastructure software. Fire Opal reduces quantum computing errors, a major challenge in the field, and boosts performance without user intervention. It has shown massive improvements in essential algorithms like the Quantum Fourier Transform, Grover’s Search, and the Quantum [...]