Paid

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) has entered into securities purchase agreements with institutional investors for a private placement of 14,035,089 shares of common stock at a price of $14.25 per share, aiming to raise gross proceeds of $200 million. The offering, with Titan Partners Group acting as the sole placement agent, is expected to close around June 24, 2025, subject to standard closing conditions. This capital raise is anticipated to increase QCi's total cash position to over $350 million. The funding will be strategically deployed to accelerate QCi's commercialization initiatives for its integrated photonics and quantum optics technologies. The company [...]

QNu Labs has launched QNu Academy, an educational initiative designed to develop quantum cybersecurity talent aligned with India’s National Quantum Mission. The program offers structured training in Quantum Key Distribution (QKD), Quantum Random Number Generation (QRNG), and Post-Quantum Cryptography (PQC), combining self-paced learning with instructor-led modules and hands-on labs. The curriculum has been developed in collaboration with faculty from institutions such as the Indian Institutes of Technology (IITs) and the Defence Research and Development Organisation (DRDO), along with international research partners. It aims to support a broad learner base including university students, faculty, and industry professionals. Program offerings include Faculty Development [...]

In a strategic move aimed at pushing the frontier of mineral exploration, Australian space and exploration tech firm Fleet Space Technologies has announced collaborations with three quantum sensing innovators: mDetect, Nomad Atomics, and DeteQt. These partnerships are designed to accelerate the development and integration of advanced quantum sensors into Fleet’s ExoSphere platform, a vertically integrated system for satellite-connected, AI-driven geophysical exploration. The initiative targets the growing demand for critical minerals essential to the energy transition and high-tech manufacturing. By incorporating muon tomography, quantum gravimetry, and diamond-based quantum magnetometry, Fleet aims to significantly enhance subsurface imaging resolution and reduce the need for [...]

India’s Ministry of Defence announced a major milestone in quantum communications: the successful demonstration of quantum entanglement-based secure communication over a one-kilometer free-space optical link. The experiment was conducted on the IIT Delhi campus as part of a project led by Professor Bhaskar Kanseri and supported by the Defence Research and Development Organisation (DRDO) under its Directorate of Futuristic Technology Management. The test achieved a secure key rate of approximately 240 bits per second with a quantum bit error rate below 7%. This marks a significant step toward practical deployment of entanglement-assisted quantum key distribution (QKD), a method that offers stronger [...]

AdvanThink and Quandela have launched a scientific partnership to evaluate the integration of quantum machine learning into payment fraud detection systems. The goal is to assess whether quantum algorithms can improve the speed, accuracy, and robustness of fraud models under industrial conditions. The first phase of the collaboration involves a proof-of-concept demonstrating the use of Quandela’s quantum machine learning model within an AdvanThink data pipeline. The algorithm was originally developed for credit risk assessment and is now being tested for its applicability in detecting payment fraud. The companies are exploring whether quantum-enhanced models can meet emerging demands in fraud detection, including [...]

Conceptual Diagram of the Connectivity Required in Microsoft's QEC Code. Credit: Microsoft There have been a lot of announcements made recently about developments in quantum error code (QEC) research, so it might be worthwhile to review what are the desirable features of a good code: Low ratio of physical qubits to logical qubits for efficiency Significant improvement in error rates and ability to scale the level of improvement as the code size increases Fast logical cycle time including error decoding and correction to maximize processing speed Single shot decoding of the errors to minimize the logical cycle time Straight forward implementation [...]

IonQ and Kipu Quantum have announced a joint breakthrough in quantum computing, solving what they describe as the most complex protein folding problem ever executed on a quantum computer. The achievement showcases both algorithmic innovation and hardware capability, with the results executed on IonQ’s Forte-generation trapped-ion quantum systems using Kipu’s BF-DCQO algorithm. The collaboration addressed a three-dimensional protein folding problem involving up to 12 amino acids—considered the most complex of its kind attempted on quantum hardware to date. In parallel, the teams solved dense optimization problems, including all-to-all connected spin-glass (QUBO) and MAX-4-SAT (HUBO) instances, using up to 36 qubits. Kipu’s [...]

Project Eleven has raised $6 million in seed funding to accelerate the development of post-quantum cryptography infrastructure for Bitcoin and other digital assets. The round was co-led by Variant Fund and Quantonation, marking Quantonation’s first investment in the crypto sector. Other participants include Castle Island Ventures, Nebular, and Formation. The company’s flagship initiative, “Yellowpages,” is a cryptographic registry designed to help Bitcoin holders proactively establish post-quantum ownership of their assets. The platform enables users to generate quantum-resistant keys and link them to their current Bitcoin addresses through verifiable proofs, all without requiring immediate blockchain transactions. This approach targets an estimated $600 [...]

OTI Lumionics has unveiled a major advancement in quantum-inspired chemistry simulations, demonstrating that highly accurate quantum electronic structure calculations can now be performed on classical hardware. The breakthrough, described in the Journal of Chemical Theory and Computation, introduces a new method for optimizing deep Qubit Coupled Cluster (QCC) circuits, allowing simulations of real-world molecules at scales previously limited to future quantum computers. While quantum hardware remains constrained by qubit quality and gate fidelity, OTI’s research presents a hybrid quantum-classical framework that efficiently optimizes quantum circuits with up to 80 algorithmic qubits and over a million entangling gates. The approach enables full [...]

DARPA has launched a multi-phase initiative to accelerate the transition of chip-scale quantum technologies from laboratory research to commercial and defense applications. The Optical-Atomic System Integration & Calibration (OASIC) program, run under DARPA’s Small Business Technology Transfer (STTR) framework, aims to establish modular testbeds across three U.S. sites for rapid evaluation and benchmarking of quantum computing, sensing, and timing components. The OASIC program addresses a longstanding bottleneck in quantum commercialization: the lack of standardized infrastructure to test miniaturized quantum components—such as nanophotonic lasers and optoelectronic modules—against lab-grade systems. To resolve this, DARPA has selected three consortia to lead domain-specific testbeds: QuEra [...]