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PQShield has secured $37 million USD in Series B funding led by Addition, with Chevron Technology Ventures, Legal & General, Braavos Capital, and Oxford Science Enterprises also contributing. This investment will enable PQShield to expand its provision of quantum-resistant cryptographic solutions, addressing escalating global demand across hardware, software, and communications sectors. The funding coincides with the imminent release of NIST's official standards for post-quantum cryptography (PQC), marking a critical milestone in the widespread adoption of quantum-safe security measures worldwide. Since its inception in 2018, PQShield has garnered recognition for its pioneering work in post-quantum cryptography, catering to diverse industries including finance, [...]

Wave Photonics, a Cambridge-based startup, has secured £4.5M ($5.8M USD) to advance on-chip photonics for quantum technologies, sensors, and data centers. This funding round, led by the UK Innovation & Science Seed Fund and Cambridge Enterprise Ventures, also saw participation from Redstone and QAI Ventures' Quantum Fund, Kyra Ventures, Parkwalk's University of Cambridge Enterprise Fund IX (UCEF IX), and Deeptech Labs. Including non-dilutive funding from EIC and Innovate UK grants, Wave Photonics' total funding reaches £5.4M ($6.9M USD). Founded in May 2021 by James Lee, Mathew Anderson, and Mateusz Kubica, Wave Photonics aims to streamline the development of photonic integrated circuits [...]

Pasqal has delivered its first advanced neutral atom based quantum processing unit (QPU) to GENCI and CEA, marking a significant advancement in Europe’s hybrid high-performance computing capabilities. The 100+ qubit QPU will be integrated with GENCI’s Joliot-Curie supercomputer at CEA’s TGCC facility, as part of the broader High-Performance Computer and Quantum Simulator hybrid (HPCQS) project. This integration aims to enhance computational capabilities for European and French researchers, enabling them to work on hybrid use cases involving both classical and quantum computing. Philippe Lavocat, CEO of GENCI, emphasized the significance of this milestone for France and Europe’s commitment to quantum technologies. Jacques-Charles [...]

Fujitsu announced the receipt of an order for a gate-based superconducting quantum computer from the National Institute of Advanced Industrial Science and Technology (AIST) on May 15, 2024. This marks the first commercial quantum computer system order for a Japanese vendor. The system, developed through the RIKEN RQC-Fujitsu Collaboration Center, will be operated by AIST's Global Research and Development Center for Business by Quantum-AI technology (G-QuAT) in early 2025. The superconducting quantum computer is designed to scale to hundreds of qubits without requiring an upgrade to the dilution refrigerator. It features advanced technology for high-density wiring and large qubit chip packaging. [...]

C12, a French quantum computing startup originating from the Physics Laboratory of the École Normale Supérieure, has successfully secured €18M ($19.341 million USD) in its latest funding round. This investment round, led by Varsity Capital along with EIC Fund and Verve Ventures, aims to propel C12's development of carbon nanotube-based universal quantum computers. The funding will specifically support their research and development efforts towards achieving high-fidelity quantum operations between two distant spin qubits interconnected by a communication bus. Additionally, C12 has been selected for France's Proqcima program, launched in March 2024 by the Ministry of the Armed Forces and the French [...]

VTT Technical Research Centre of Finland has initiated a search for an innovation partner to help scale Finland’s next quantum computer to 300 superconducting qubits. This co-development project aims to optimize the quantum computer for solving mathematical problems, particularly in new material development. The Finnish government has pledged financial support for this procurement. The deadline to submit an application for consideration is August 2, 2024 with an anticipated final selection projected to occur after several review phases in early 2025. Currently, VTT and its current partner, IQM, have developed 5- and 20-qubit quantum computers, with a 50-qubit system set to launch [...]

Germany has launched its first hybrid quantum computer at the Leibniz Supercomputing Centre (LRZ). The 20-qubit quantum processor unit, developed by IQM Quantum Computers, has been successfully integrated with the SuperMUC-NG supercomputer. This integration marks a significant technological milestone, proving the compatibility of quantum and conventional computing technologies and demonstrating their potential for enhanced computational power. The Q-Exa project, funded by the Federal Ministry of Education and Research (BMBF) with over 40 million Euros ($43M USD), aims to advance high-performance computing by combining it with quantum processing units (QPUs). This project was first announced in November 2021 when IQM was selected [...]

Japan's National Institute of Advanced Industrial Science and Technology (AIST) and IBM entered into a memorandum of understanding (MOU) on May 10, 2024, aimed at advancing the industrialization of quantum technology in Japan. The collaboration seeks to bolster Japan's quantum computer parts and equipment industry by jointly developing next-generation quantum computers and enhancing their supply chains. IBM plans to integrate Japanese industries into the procurement processes for future quantum computing system components, while also partnering with AIST to foster supplier development. According to unconfirmed press reports, the collaboration will include development of a 10,000 qubit machine by 2029. Neither company has [...]

D-Wave Quantum Inc. has launched a new hybrid quantum solver for nonlinear programs. The solver, available through D-Wave’s Leap™ quantum cloud service, supports up to two million variables and constraints. It excels at handling nonlinear relationships, making it suitable for real-world problems with complex interactions between variables. This new solver will join three other solvers in D-Wave's portfolio to help users submit a problem. Each of the solvers has a strength in different types of problems and which one a user will use depends upon their specific problem. The other solvers that D-Wave has available in its Leap Cloud Service include the following: [...]

D-Wave Quantum Inc. and Davidson Technologies, Inc. have announced the installation of the second US-based D-Wave Advantage quantum computer at Davidson's new global headquarters in Huntsville, AL. This system is poised to be the first in the U.S. certified for sensitive applications using annealing quantum computing. Initially, it will be accessible to D-Wave customers via the Leap™ real-time quantum cloud service. Once the secure facility is complete, the system may be exclusively used for sensitive applications, particularly in national security. This deployment strengthens the partnership between D-Wave and Davidson, advancing quantum computing technology for government agencies. Davidson's President, Dale Moore, and [...]