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PsiQuantum Closes $450M Venture Round

PALO ALTO — PsiQuantum has raised $450 million in Series D funding to build what the company said will be the world’s first commercially viable quantum computer. The funding round was led by BlackRock, along with participation from insiders including Baillie Gifford and M12 – Microsoft’s venture fund – and new investors including Blackbird Ventures […]

Dartmouth Engineering to Lead $2.7M DOE Quantum Computing Grant

HANOVER, N.H. – Funded by a $2.7 million grant from the U.S. Department of Energy (DOE), Dartmouth Engineering Professor Geoffroy Hautier will lead a three-year, multi-institutional effort to identify qbits, a basic unit of quantum information, to transform and advance quantum computing. The team aims to build a database of viable qbits, which can store information in […]

Cambridge Quantum: Algorithm Solves Combinatorial Optimisation Problems Faster

Cambridge, UK, July 22, 2021 – In a development the company said “is likely to set a new industry standard,” scientists at Cambridge Quantum (CQ) have developed a new algorithm for solving combinatorial optimisation problems that are widespread in business and industry, such as travelling salesman, vehicle routing or job shop scheduling, using near-term quantum […]

Aliro Quantum Wins U.S. Air Force Contracts for Quantum Network Simulation and Control

BOSTON — July 21, 2021 – Aliro Quantum today announced it has secured several contracts through AFWERX, a program from the U.S. Air Force focused on expanding technology, talent, and transition partnerships for rapid and affordable commercial and military capability. Aliro is using the funding to advance the development of critical software needed to design and operate […]

Honeywell and Cambridge Quantum Claim 3 Milestones

BROOMFIELD, Colo. July 21, 2021 — Honeywell (Nasdaq: HON) and Cambridge Quantum today announced three scientific and technical milestones that demonstrate the viability of large-scale quantum computing and show that quantum-enabled solutions for optimization are closer than expected. For the first time, researchers at Honeywell Quantum Solutions demonstrated repeated rounds of real-time quantum error correction […]

Atom Computing Unveils 1st-Gen Quantum System; Names New CEO after Closing $15M Series A Round

July 21, 2021 — Berkeley, CA — Atom Computing, a fast-growing quantum computing start-up announces its transition into the next phase of growth after closing $15M in Series A funding. Atom Computing is the first company to build nuclear-spin qubits out of an alkaline earth element. Today the company unveils its first-generation quantum computing system, […]

Quantum Software Developer Classiq Technologies Forms Advisory Board

‍Tel-Aviv, ISRAEL — July 20, 2021 — Quantum computing software developer Classiq Technologies announced today that two leading researchers in quantum computing – Prof. Tal Mor and Prof. Robert Wille – are joining its newly-formed Technical Advisory Board. Professor Mor is a Professor of Computer Science at the Technion – Israel Institute of Technology, and […]

Duality Quantum Accelerator Accepts 6 into Inaugural Cohort

Duality, the nation’s first accelerator exclusively for quantum companies, has accepted six startups for Cohort 1. Duality is led by the Polsky Center for Entrepreneurship and Innovation at the University of Chicago and the Chicago Quantum Exchange (CQE), along with founding partners, the University of Illinois Urbana-Champaign, Argonne National Laboratory, and P33.  Launched in April 2021, Duality is the first-of-its-kind accelerator […]

Quantum Computing Experts Explore Tech’s Sustainability in Documentary

London – July 15, 2021– In a new documentary to be released later this month – Quantum Technology | Our Sustainable Future from The Quantum Daily – and developed in partnership with Oxford Instruments Nanoscience – quantum technology leaders say sustainability should be a major focus of the quantum industry. The trailer for Quantum Technology | Our Sustainable Future is available here. The premiere of […]

D-Wave, Los Alamos Isolate Emergent Magnetic Monopoles Using Quantum-annealing Computer

Using a D-Wave quantum-annealing computer as a testbed, scientists at Los Alamos National Laboratory have shown that it is possible to isolate so-called emergent magnetic monopoles, a class of quasiparticles, creating a new approach to developing “materials by design.” “We wanted to study emergent magnetic monopoles by exploiting the collective dynamics of qubits,” said Cristiano […]