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Quantum Circuits, Inc. has closed a Series B funding round, raising over $60 million to advance its commercialization efforts. The round was led by ARCH Venture Partners, F-Prime Capital, Sequoia Capital, and Hither Creek Ventures, with additional contributions from Canaan Partners, Fitz Gate Ventures, In-Q-Tel (IQT), Osage University Partners, Connecticut Innovations, Tao Capital Partners, and Tribeca Venture Partners. The funding will support Quantum Circuits' push to bring its innovative quantum systems to market. The company, a spinout from Yale University, is pioneering an industry-first with its dual-rail qubit architecture that integrates built-in error detection. This advancement addresses a major challenge in [...]

Screenshot of GQI's Quantum Tech Investment Tracker By André König At Global Quantum Intelligence, LLC we have the privilege of working on investor due diligence for many quantum startups small and large; currently we have 13 live deals for a total fundraise of approx. $1.5B.This not only speaks to the expertise and quality of our team but also offers us a unique vantage point into the dynamics of raising capital in quantum tech.My takeaway: The obvious is now essential.1️⃣ We see a dramatic capital flight to quantum computing hardware and later stage rounds. While as recently as 18 months ago we [...]

Ooredoo, Qatar’s leading telecommunications operator, has committed 2.8 million Qatari Riyals ($768K USD) to support Hamad Bin Khalifa University’s (HBKU) Qatar Centre for Quantum Computing (QC2) in building the country’s first quantum communication testbed. This project is a core initiative of QC2, aimed at establishing a secure quantum communication system that surpasses the capabilities of classical cryptographic methods, offering 100% security. The testbed will form the foundation for Qatar’s future Quantum Internet, positioning the nation as a leader in quantum communication technology in the region. This collaboration highlights Qatar's dedication to technological innovation and its ambition to become a regional hub [...]

QuEra Computing, a leader in neutral-atom quantum computing, and Quantum Intelligence Corp. (QIC), a South Korean innovator in AI-driven drug development, announced a strategic partnership to accelerate drug discovery. The collaboration will integrate QuEra's advanced quantum computing technology with QIC's QUEST platform, aiming to enhance the accuracy, speed, and efficiency of drug development processes. QuEra's neutral-atom quantum computers offer significant computing power, enabling dynamic qubit manipulation for flexible quantum computations. These capabilities will be leveraged to boost QIC's AI algorithms, which predict drug behavior and potential side effects by analyzing electronic charge distributions in molecules. The partnership is expected to significantly [...]

After eight years of intensive review and analysis, the U.S. National Institute of Standards and Technology (NIST) has released the final, approved specifications for the first three Post Quantum Cryptography (PQC) algorithms. The effort start in 2016 with 82 algorithms initially submitted with 69 algorithms accepted for further review. And after three rounds of analysis, NIST has selected the first three algorithms for final approval. The three algorithms include the following: Specification NumberNameBased UponUsage TypeFIPS 203, Module-Lattice-Based Key-Encapsulation Mechanism StandardML-KEMCrystals-KyberKey EncapsulationFIPS 204, Module-Lattice-Based Digital Signature StandardML-DSACrystals-DilithiumDigital SignatureFIPS 205, Stateless Hash-Based Digital Signature StandardSLH-DSASPHINCS+Digital Signature For enterprise Chief Information Officers (CIO) and [...]

Terra Quantum has developed a groundbreaking hybrid quantum neural network (HQNN) model that outperforms traditional methods in identifying healthy livers suitable for transplantation. Collaborating with medical experts, the company designed a system combining quantum computing with classical machine learning, achieving a 97% image classification accuracy for diagnosing non-alcoholic fatty liver disease (NAFLD). This represents a 1.8% improvement over existing techniques. Published in the journal Diagnostics, the study, titled Hybrid Quantum Image Classification and Federated Learning for Hepatic Steatosis Diagnosis, highlights the potential of HQNNs to provide precise diagnoses while protecting patient privacy. The model leverages federated learning, enabling data sharing among [...]

Imec is spearheading the ARCTIC (“Advanced Research on Cryogenic Technologies for Innovative Computing”) project, Europe’s inaugural Chips Joint Undertaking initiative, to develop essential components and systems for quantum computing and cryogenic microsystems. The project aims to establish a robust European supply chain for cryogenic photonics, microelectronics, and cryo-microsystems, crucial for interfacing and controlling scaled-up quantum computers. ARCTIC addresses the unique performance requirements of electronic devices at cryogenic temperatures, essential for quantum processors operating near absolute zero. Upscaling quantum computers demands extensive control and interfacing machinery, which is challenging to operate within cryostats due to space constraints, heat management, and signal integrity [...]

Pictured: TNSDC and Q-CTRL at the Madras Institute of Technology, Anna University. The Indian state of Tamil Nadu has partnered with Q-CTRL, a global leader in quantum infrastructure software, to launch a groundbreaking quantum computing education initiative. This collaboration will integrate Q-CTRL's Black Opal, an award-winning quantum learning platform, into the Tamil Nadu Skill Development Corporation’s (TNSDC) Naan Mudhalvan Upskilling Platform. The program will make quantum computing education mandatory for engineering students across Tamil Nadu, aiming to upskill millions in this critical technology. With the global quantum workforce facing significant shortages, this initiative is seen as a strategic move to bridge the skills [...]

BlueQubit Inc. and Quantum Art Ltd. have secured a $2.2 million grant from the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation to develop and optimize quantum machine learning algorithms and quantum processor configuration methods. In this two-year project, BlueQubit, a California-based leader in quantum software simulations, and Quantum Art, an Israeli company specializing in scalable quantum computers using trapped ion qubits, aim to accelerate breakthroughs in industries such as finance, pharma, image analysis, and security. This collaboration will leverage BlueQubit's expertise in quantum algorithms and Quantum Art's advanced hardware architecture to address challenges in scaling quantum technology and making it [...]

Rigetti Computing has announced its Q2 2024 financial results. A quick summary of some key financial metrics comparing Q2 2024 versus Q1 2024 and the year ago quarter of Q2 2023 is shown in the chart below. From a financial standpoint, the company reported a relatively flat quarter with about $3.1 million in revenue for the quarter. But a notable difference is that source of that revenue has changed significantly from the year ago quarter. In Q2 2024, about 99.8% of the revenue came from collaborative research, professional services and materials,and sales of quantum computers while the remainder of the revenue, or [...]