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Press releases
Press releases from Quantum Computing industry
Quantum Motion, a UK-based quantum computing scale-up founded by Professor John Morton, UCL, and Professor Simon Benjamin, Oxford University, has raised over £42 million in equity funding from some of the world’s leading quantum and technology investors. The oversubscribed round is led by Bosch Ventures (RBVC) and joined by Porsche Automobil Holding SE (Porsche SE) and British Patient Capital. All existing investors from earlier rounds (Oxford Science Enterprises, Inkef, Parkwalk Advisors,...
QuSecure, Inc. today announced it has named Lisa Hammitt as its first independent director. Ms. Hammitt joins QuSecure as the company continues to gain traction by deploying PQC with both Federal and Commercial customers. “Quantum security’s time has come, and I see QuSecure as the most innovative company in the space,” said Ms. Hammitt. “The incredibly fine-grained encryption enabled by QuSecure’s technology takes CISOs off the defensive and lets them address threats before they emerge. It is...
memQ, a Chicago-based quantum memory startup, announced today a $2 million seed funding round. Funding came from the lead investor Quantonation, Exposition Ventures, and the George Schultz Innovation Fund. memQ will use the funds to accelerate the development of an on-chip quantum repeater built on the company’s solid-state platform, enabling the quantum internet. Quantum memory is a fundamental part of quantum computer architecture, but today there is no quantum equivalent of traditional...
Quantum Machines, the provider of breakthrough quantum control solutions that accelerate the realization of practical quantum computers, announced today the release of QCage.64, the newest product from QDevil, the company's Quantum Electronics business unit. QCage.64 is an innovative chip package that enables the high-fidelity operation of superconducting quantum processors, providing a key component in the stack as quantum processors approach commercial scale. QCage.64 will be on display at...
New product offerings and global expansion extend company’s leadership in quantum computing commercialization; updates to liquidity/balance sheet include $20M raised through ELOC D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced a series of product and business updates, demonstrating continued progress and momentum of its leadership in driving the commercialization of...
Quantum Computing Inc. (NASDAQ: QUBT), ("QCI" or the "Company"), a first-to-market full-stack photonic-based quantum computing and solutions company, today announces a subcontract award from SSAI to support NASA in testing one of its proprietary quantum photonic systems for remote sensing applications. QCI, through its wholly owned subsidiary, QI Solutions, which focuses on federal projects, will perform this work under a subcontract from Science Systems Applications, Inc. (SSAI), a leading...
Provides Updated Technology Roadmap; Appoints Jeffrey Bertelsen as CFO and Promotes David Rivas to CTO; Implements Workforce Reduction Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQ: RGTI), a pioneer in hybrid quantum-classical computing systems, today announced that its Board has approved an updated business strategy, including revisions to its technology roadmap. In connection with this updated strategy, the Company will transition to a newly appointed CFO and CTO and is...
QC Ware is one of the growing number of quantum algorithm/software specialists seeking to create tools that leverage quantum computing’s power and also hide the underlying complexity of underlying quantum hardware from users. Founded in 2014, its specialty is quantum machine learning (QML) techniques, although QC Ware also has an interesting sideline – it created the Q2B conferences intended to foster commercial quantum development. “There are perhaps two approaches to try to do quantum machine...
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