The Quantum Simulation Division of 1QBit has spun out and has formed its own independent company called Good Chemistry Company which focusses on utilizing quantum computing for computational chemistry. The key product is called QEMIST Cloud which provides computational chemistry as a service and has been under development for the past three years. The company also announced that it has been collaborating with Dow, Amazon Web Services (AWS), DIC Corporation, and Microsoft with this product. The company also announced receiving seed funding from Green Sands Equity, Accenture, and WorldQuant Ventures. For more information about this company and the seed funding, you can access a news release issued by Good Chemistry here and a second one issued by Accenture here.

April 5, 2022