News

Company, funding, product and policy news from across the quantum industry, as it happens.

    1. Quantum Optics Jena’s ELVIS System Completes First ISO/IEC 23837 Hardware Security Evaluation

      Quantum Optics Jena GmbH’s ELVIS quantum key distribution (QKD) system has successfully completed an independent security evaluation under the ISO/IEC 23837 international standard. The three-month audit by TÜV Informationstechnik GmbH (TÜVIT) found no major vulnerabilities or exploitable side-channel weaknesses in the entanglement-based hardware. This achievement sets a new benchmark for certifying quantum communications hardware for commercial and government use.

    1. D-Wave Reports Its Q2 2026 Financial Results Showing Bookings Surge, Technical Progress, and Quantum Circuits Acquisition Impact

      D-Wave reported Q2 2026 results showing a significant surge in H1 bookings by 1,120% year-over-year to $35.5 million. While revenue remained relatively flat at $3.08 million, the company demonstrated strong commercial momentum with increased enterprise and Forbes Global 2000 client engagement. D-Wave also unveiled accelerated roadmaps for both its gate-model and annealing quantum computing platforms, alongside peer-reviewed technical breakthroughs.

    2. Honda Invests in Japanese Quantum Algorithm Startup Quemix

      Honda Motor Co., Ltd. has invested in Japanese quantum algorithm startup Quemix Inc. through its Honda Xcelerator Ventures initiative. This investment aims to accelerate the use of quantum computing for developing next-generation materials, particularly battery materials, building on their existing research partnership which has yielded advancements in quantum state readout and Density Functional Theory calculations. Quemix, specializing in fault-tolerant quantum computing algorithms, plans to integrate its technologies into practical automotive materials development, targeting commercial applicability in materials simulation by 2030 to support Honda’s carbon neutrality goals. Read our full article here. August, 8, 2026 TuringQ Planning to IPO and In Race to Become China’s First Public Quantum Firm TuringQ, a Shanghai-based photonic quantum firm, is preparing for an IPO to become China’s first publicly listed quantum computing company. The company, founded in 2021, specializes in photonic quantum architectures and has achieved significant milestones, including establishing a pilot production facility and securing substantial funding. TuringQ’s IPO ambition aligns with China’s regulatory support for quantum technology, aiming to advance practical photonic quantum computers and expand quantum computing infrastructure.

    3. TuringQ Planning to IPO and In Race to Become China’s First Public Quantum Firm

      Shanghai-based photonic quantum firm TuringQ has officially initiated pre-IPO tutoring with the Shanghai branch of the China Securities Regulatory Commission, positioning itself as a leading contender in the race to become China’s first publicly listed…

    4. UCLA-Led Consortium Secures $4 Million NSF Grant for 60 Logical Qubit Trapped-Ion Architecture

      A UCLA-led consortium has secured a $4 million NSF grant for the FTL project, aiming to develop a fault-tolerant quantum computer with 60 logical qubits. This project will utilize a trapped-ion Quantum Charge-Coupled Device (QCCD) architecture and full-stack codesign to overcome environmental noise and enable digital quantum simulations. The initiative involves collaborations with various academic and commercial partners, with the goal of advancing materials science, molecular chemistry, drug discovery, and fundamental physics.

    5. Who’s News: Strategic Appointments at Horizon Quantum, Quantum Computing Inc., and Uviquity

      Amanda Chew was appointed Chief Product Officer at Horizon Quantum, where she will manage product development and software infrastructure. Quantum Computing Inc. promoted Mark Batzdorf to Senior Vice President, Finance, entrusting him with broader financial oversight. Additionally, Uviquity appointed Dr. Vincent D. Mattera, Jr. as a Strategic Advisor to guide the commercialization of their integrated aluminum nitride photonics platform.

    6. Rigetti Computing Reports Q2 2026 Financial Results: Revenue Up 185% YoY, $100M CHIPS Act LOI, and HPE Supercomputing Partnership

      Rigetti Computing reported strong Q2 2026 financial results with a 185% year-over-year revenue increase, driven by on-premises system shipments and Novera QPU sales. The company secured a $100 million CHIPS Act Letter of Intent and partnered with HPE for supercomputing deployments, while maintaining a robust cash position and advancing its quantum technology roadmap with significant fidelity benchmarks and plans for a 1,000-qubit system within three years.

    7. QC Ware Demonstrates Hybrid Quantum-Classical Chemistry Workflow Using Promethium and IBM Quantum

      QC Ware successfully demonstrated a hybrid quantum-classical computational chemistry workflow using its Promethium platform and IBM Quantum’s 156-qubit Heron processor. This collaboration calculated the electrostatic interaction energy for nitric oxide reductase, showcasing Promethium’s ability to integrate with quantum hardware and its GPU-native architecture for accelerated molecular modeling, although this hybrid capability is currently a proof-of-concept. The company plans to further develop Promethium’s classical capabilities and hybrid algorithms for future utility-scale quantum processors.

    1. Florida Atlantic University Launches Executive Certificate in Quantum Computing Strategy

      Florida Atlantic University (FAU) is launching an eight-week Executive Certificate in Quantum Computing Strategy, running from August 24 to October 12, 2026. This program, designed for leaders and strategists, will cover quantum ecosystem evaluation, QaaS procurement, and post-quantum cryptography, building on FAU’s recent $20 million agreement with D-Wave Quantum Inc. to install a 4,400+ qubit Advantage2™ annealing quantum computer, making it the first university in Florida to host such a system.

    2. IonQ Reports Record Q2 2026 Financial Results: Revenue Soars 287% to $80.1M, Full-Year Guidance Raised to $290M

      IonQ announced record-breaking financial results for Q2 2026, with revenue soaring by 287% to $80.1 million and full-year guidance raised to $290 million, driven by deployments of IonQ Tempo systems, increased cloud utilization, and the acquisition of SkyWater Technology. Despite a significant GAAP net loss due to a non-cash revaluation, the company demonstrated strong organic growth and strategic expansion in the quantum computing market.

    3. SEC Declares Registration Statement Effective for Pasqal’s Business Combination with Bleichroeder Acquisition Corp. II

      Pasqal, a neutral-atom quantum computing developer, had its joint Form F-4 Registration Statement with Bleichroeder Acquisition Corp. II declared effective by the SEC on August 5, 2026. This clears the path for a shareholder vote on August 25, 2026, to approve the business combination, after which the combined entity will trade on Nasdaq as PSQL. This milestone follows Pasqal’s achievements in quantum advantage for materials simulation, integration with Europe’s CINECA supercomputer, and strategic commercial partnerships.

    4. Eaton Awarded $7M AFRL Contract to Apply Quantum Computing to Power Grid Security

      Eaton has secured a $7 million contract from the U.S. Air Force Research Laboratory (AFRL) to enhance electrical grid resilience using quantum computing. Collaborating with Infleqtion and Penn State, the 24-month project will develop hybrid quantum-classical algorithms to detect and mitigate complex threats to critical energy infrastructure, moving beyond current N-2 contingency standards to address multifaceted risks like severe weather and cyberattacks. The initiative aims to provide real-time awareness and automated responses for power grids through quantum-enabled analytics and machine learning.

    5. ZeroTier and Carahsoft Partner to Bring Post-Quantum Software-Defined Networking to the Public Sector

      ZeroTier and Carahsoft have partnered to provide ZeroTier Quantum, a post-quantum secure software-defined networking platform, to U.S. public sector and defense agencies. Carahsoft will distribute the platform, which uses a hybrid ML-KEM-1024 and ECDH P-384 key exchange protocol to protect against “Harvest Now, Decrypt Later” attacks and meet NSA and NIST standards. The infrastructure-agnostic overlay can secure legacy systems and various operational environments, offering Zero Trust network access and data sovereignty.

    6. Canada Launches $20.3M Quantum Defence Innovation Secure Hub in Calgary

      Canada has launched its first Quantum Defence Innovation Secure Hub (DISH) in Calgary, with a $20.3 million investment over two years. Led by the University of Calgary and its Quantum City initiative, this hub will accelerate the transition of domestic quantum research into operational capabilities for the Canadian Armed Forces and the Communications Security Establishment. The Quantum DISH, established under the BOREALIS framework, focuses on four technical work streams: Quantum Sensing & PNT, Quantum Communications & Cryptography, Quantum Algorithms & Decision Support, and Hardware Assurance, aiming to deliver validated prototypes within two years.

    1. Xanadu Reports Q2 2026 Financial Results: $312.8M Cash Position, $67.2M Raised via ATM Facility, and Albany Expansion

      Xanadu Quantum Technologies reported Q2 2026 financial results, showcasing a strong cash position of $312.8 million, bolstered by a $67.2 million raise through an ATM facility. Despite a sequential revenue decrease to $1.51 million, the company saw significant advancements in hardware and algorithms, expanded its U.S. operations in Albany, and continued strategic partnerships. The net loss widened to ($42.05) million, primarily due to increased R&D, public company costs, and a non-cash loss on earn-out share liabilities.

    2. Horizon Quantum Reports Q2 2026 Financial Results: Warrant Cash Infusion, Beryllium Early Access, and European Testbed Expansion

      Horizon Quantum Holdings Ltd. reported a significant increase in cash and cash equivalents to $113.25 million in Q2 2026, primarily due to a $27.5 million capital injection from public warrant exercises. The company also launched early access for its Beryllium programming language and expanded its quantum hardware testbed into Europe with a 256-qubit trapped-ion system in Dublin. Despite these operational advancements, Horizon Quantum reported a substantial net loss of $115.23 million, largely due to a non-cash accounting charge related to warrant remeasurement.

    3. IQM Quantum Computers Reports First Earnings as Public Company: H1 2026 Results, Record Backlog, and FY 2026 Guidance

      IQM Quantum Computers reported strong H1 2026 results with a 47% revenue increase to €8.87 million, driven by quantum computing system deliveries. Despite a widened operating loss of €60.54 million due to expansion and listing costs, the company secured a pro-forma cash balance of €309.4 million post-July 2026 business combination, eliminating debt and accelerating its order backlog to over €102.1 million. IQM expanded its global deployments, fab capacity, and made strides in error correction and HPC/AI integration, projecting full-year 2026 revenue of €42-47 million.

    4. NIST, UMD, and Qunnect Demonstrate Quantum Entanglement Over 62 km Metropolitan Aerial Fiber

      NIST, UMD, and Qunnect successfully demonstrated quantum entanglement over a 62 km metropolitan aerial fiber link, transmitting entangled photons with high fidelity despite environmental challenges. They achieved this by integrating automated polarization compensation devices, maintaining an entangled photon distribution rate of 1,500 pairs per second and violating the Bell inequality for over 20 hours. This breakthrough validates the feasibility of deploying quantum networks over existing commercial fiber infrastructure.

    5. IonQ Awarded $28M DARPA Contract Extension for Atomic Clocks; Secures NRO Radar Satellite Award

      IonQ has secured two significant defense contracts: a $28 million extension from DARPA to produce 125 compact Evergreen-05 optical atomic clocks for government use, and a contract for its subsidiary, Capella, with the National Reconnaissance Office (NRO) to provide synthetic aperture radar imagery and data services. These awards expand IonQ’s role in quantum PNT and commercial space intelligence, leveraging its acquisitions of Vector Atomic and Capella Space in 2025.

    6. Quantum X Labs Advances Quantum Computing for Nuclear Particle Transport Simulations

      Quantum X Labs’ subsidiary, Nuclear Quantum, has developed a quantum circuit-based method for modeling nuclear particle transport. This new technology translates particle propagation and random-walk dynamics into a quantum computational framework, aiming to overcome the computational limitations of traditional Monte Carlo simulations. By encoding gamma-photon trajectory histories into quantum states and utilizing Grover-inspired amplitude amplification, Nuclear Quantum seeks to accelerate simulations for various applications, including nuclear medicine and shielding design.

    7. Thailand Launches “Quantum Club Thailand” at True Digital Park to Build ASEAN Quantum Hub

      Thailand has launched “Quantum Club Thailand” at True Digital Park, aiming to become a leader in quantum technology in ASEAN. This national collaboration, involving MHESI, CP Group, True Corporation, and others, focuses on human capital development, applied research, industrial adoption, and commercial innovation. The initiative provides access to over 26 international quantum hardware systems via qBraid and integrates quantum software into existing industry clusters to foster quantum-hybrid applications.

    8. enQase and Light Rider Partner to Deliver Integrated Quantum-Safe Communications Architecture

      EnQase and Light Rider Inc. have partnered to create integrated quantum-safe communication architectures. This collaboration combines enQase’s cryptographic platform with Light Rider’s quantum hardware and optical networking technologies to offer end-to-end security solutions. The partnership aims to provide modular deployment paths for modernizing legacy networks, focusing on joint reference architectures, interoperability testing, and proofs-of-concept for various industries.

    9. D-Wave Demonstrates Two-Qubit Gate Breakthrough for Dual-Rail Erasure Qubits in Nature

      D-Wave has published research in Nature detailing a breakthrough in quantum computing: a fast, high-fidelity two-qubit entangling gate for superconducting dual-rail cavity qubits. This advancement is a foundational milestone in their gate-model development, aiming to reduce physical qubit overhead by converting photon loss into detectable erasure errors. Their roadmap projects significant error reduction and scalability, culminating in a 100-logical-qubit system by 2032 for various quantum applications.

    1. Qarakal Quantum Unveils “Pangaea” Modular Architecture to Cut Qubit Overhead by 10X

      Qarakal Quantum has launched Pangaea, a modular, 3D superconducting quantum computing architecture that reduces the physical qubit requirements for fault-tolerant systems by 10 times compared to planar surface-code architectures. This is achieved through an IP-protected quantum bus that mediates logical operations between physically separated 2D topological code patches, resolving the long-standing routing bottleneck of 2D lattice surgery. Pangaea’s architecture-first approach allows for independent configuration and scaling of computational, memory, and routing modules, offering a streamlined path for executing large-scale fault-tolerant quantum algorithms on near-term hardware.

    2. IonQ and Sandia National Laboratories Sign MOU to Accelerate Quantum Co-Design for National Security Applications

      IonQ and Sandia National Laboratories have signed an MOU to collaborate on quantum co-design for U.S. national security, focusing on trapped-ion hardware, silicon photonics, and software optimization. This partnership leverages Sandia’s expertise in microfabrication and IonQ’s QPU architecture to advance quantum computing and secure networking. IonQ will establish a presence at Sandia’s Quantum Demonstration Facility to support federal mandates for domestic leadership in quantum technologies.