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Press releases
Press releases from Quantum Computing industry
Business Angels Switzerland (BAS) and Swiss Quantum Hub (SQH) announce their partnership and cooperation to help accelerating and funding Swiss quantum technologies startups. As part of this collaboration, the members of the Business Angels Switzerland network have a priority access to SQH deal flow. SQH experts also assist these business angels during the due diligence phase. SQH and VCs partners may co-invest or lead the investments. The quantum technologies startups of the Business...
IBM brings hybrid cloud leadership together with quantum and security research expertise to stay at the forefront of quantum cybersecurity. IBM (NYSE: IBM) today announced a series of cloud services and technologies designed to help clients maintain the highest available level of cryptographic key encryption protection to help protect existing data in the cloud1 and prepare for future threats that could evolve with advances in quantum computing. Pioneered by IBM Research scientists, the company...
LCP Quantum Partners and Foundry Group join Global Frontier Investments and Maverick Ventures in Series A ColdQuanta, the quantum atomics company, today announced it has raised $32M in Series A funding, with additional funding expected to close soon. The round was co-led by Global Frontier Investments and LCP Quantum Partners, with current investor Maverick Ventures and new investor Foundry Group also participating. The funding will be used to advance the development of quantum computers,...
AlgoDynamix, the leader in behavioural based forecasting for financial markets, announced today the launch of powerful new Quantum Computing capabilities. The new cloud-based service uses technology provided by D-Wave Systems and is a world first in behavioural forecasting for financial analytics. The new service is a no-cost upgrade for premium-level clients; the cloud-based calculations will be up to 10,000 faster and will enable additional customer functionality. The analytics alert flags...
The University of Sussex has joined the quantum race by making Universal Quantum its latest spin-out company signing. The innovative computer tech company, spearheaded by quantum computing experts and Sussex scientists, Professor Winfried Hensinger and Dr Sebastian Weidt, is intent on building the world’s first large-scale quantum computer. Having already attracted £3.6 million in commercial investment funding from key players in the tech industry in a hotly contested seed-funding campaign,...
IQM Quantum Computers (IQM), the European leader in building superconducting quantum computers, today announced that it has raised €39 M in Series A funding, bringing the total amount of funding raised to date to €71 M. This ranks among the highest fundraising rounds by a European deep-tech startup within a year. MIG Fonds has led this round, with participation from all existing investors including Tesi, OpenOcean, Maki.vc, Vito Ventures, Matadero QED. New investors Vsquared, Salvia GmbH, Santo...
QC Ware today announced a joint research collaboration with Total, one of world’s largest energy companies, to explore quantum optimization algorithms. QC Ware's quantum engineers and Total's researchers worked together on a project focused on quantum computing's potential to model continuous variables to run optimization use cases that are critical to Total's operations. The project utilized Forge, QC Ware’s cloud services platform, which provides access to unique algorithms and enables large...
Eight successful projects will foster research collaborations between academia, industry and government partners. The UK-Canada Quantum Technologies Competition today announced the winners of the competition run jointly by UK Research and Innovation (UKRI) and the Natural Sciences and Engineering Research Council of Canada (NSERC). The eight winning projects will share grants of £2m from the UK and C$4.4 million total investments from Canada under the bilateral initiative. The UK-Canada...
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