Quantum Computing Report News

The items on this page are courtesy of the Quantum Computing Report. Covering the sector since 2015, it uses that experience to provide a curated focus on the news that matters.

The pledge was made by Martin Hoeffner, the head of the AMAG Group which is the largest automotive group in Switzerland. The funds will be used to construct a highly specialized physics laboratory building on ETH's Hönggerberg campus. The building will take eight years to build with a scheduled completion... Read more
Published on: 2020-11-29
The European Research Council (ERC) Synergy Grant was awarded to a team from Ben-Gurion University of the Negev, ETH Zurich, and the University of British Columbia (UBC). The grant will allow the team to develop fundamentally novel thermodynamic measurement methods, in particular for entropy, for investigating new phases of matter,... Read more
Published on: 2020-11-29
We first reported about Quantum Inspire in April 2020 as the first quantum cloud computing systems in Europe. Now the Dutch Research Council (NWO) has provided the consortium with a 4.5 Million euro grant to further develop the system. The consortium consists of TU Delft, Leiden University, Radboud University, HAS... Read more
Published on: 2020-11-27
Unitary Fund, a non-profit that provides $4000 grants to projects that help develop the quantum technology ecosystem has added another benefit for those who receive awards. Awardees will now be able to enjoy increased access to the IBM Q infrastructure to perform their research. The increased access will include: A larger share... Read more
Published on: 2020-11-27
The UK’s National Physical Laboratory (NPL) and Cambridge Quantum Computing (CQC) are working together to optimize and commercialize photonic quantum devices including CQC’s Ironbridge quantum random number generator (QRNG). The activity will allow the UK government to validate the operation of Ironbridge, provide a seal of approval and help accelerate... Read more
Published on: 2020-11-26
With a goal of creating a strong quantum ecosystem in the Paris, France region three organizations, the Paris Region Council, Le Lab Quantique, and GENCI have created the Pack Quantique (PAQ) program to fund quantum projects.  They have started with three projects and an initial funding amount of 1.5 million... Read more
Published on: 2020-11-26
The financing includes £12.5 million ($16.7M USD) in equity from the newly formed Scottish National Investment Bank (SNIB) and £20 million ($26.8M USD) in debt financing from the finance firm Santander UK. The funds will be used to advance the company’s R&D as well as refinance some existing debt and... Read more
Published on: 2020-11-26
Two different quantum networking collaborations have been announced separately in Canada and the Netherlands. The first is called the Canadian Quantum Network (CQN) and will include Xanadu, MaRS (a launchpad for Canadian startups), and the Creative Destruction Lab (CDL). They will start by creating a three node network in the... Read more
Published on: 2020-11-26
The round was led by Comcast Ventures, Pitango and Prelude Ventures, with additional participation from BASF Venture Capital, Robert Bosch Venture Capital, The Engine Accelerator Fund and new investors, including Ahren Innovation Capital, Alumni Ventures Group, Honeywell Venture Capital, ITOCHU Corporation and Merck Global Health Innovation Fund. This new round brings the total company funding to $64 million. As a quantum software... Read more
Published on: 2020-11-19
Quantillion can be used to model quantum optical devices and saves time and money because engineers will not have to go through multiple prototypes to optimize their design. Quantopticon indicates that the software provides many more features than both classical modelling software and open-source quantum optics toolboxes. You can view a product... Read more
Published on: 2020-11-19
The funding was was provided by Quantonation, Seed Gipuzkoa, Easo Ventures S.C.R., Mondragon Promotion Fund FCR and Penja Strategy. Multiverse is a quantum software company that specializes in providing hyperefficient software for companies in the financial industry for problems including financial optimization, fraud detection, and artificial intelligence. The company has... Read more
Published on: 2020-11-17
After going through a competitive bidding process, the Government of Finland has selected IQM to build its first quantum computer.  IQM will be working with VTT, a state-owned non-profit corporation on this project and the project will have a budget of €20.7 million (about $24.5 Million USD). The ultimate goal... Read more
Published on: 2020-11-17
The Chicago Quantum Exchange is anchored by the University of Chicago and includes government and goverment organizations Argonne National Laboratory, National Accelerator Laboratory, University of Illinois at Urbana-Champaign, University of Wisconsin-Madison and Northwestern University. The new corporate partners for the Chicago Quantum Exchange include Discover Financial Services (NYSE: DFS), Hamamatsu... Read more
Published on: 2020-11-14
By Andre Saraiva, UNSW There is a lot of excitement over the recent progress in ion-trap-based quantum computers. The technical developments demonstrated by Honeywell and IonQ are leading to significant action from the business side (for example, Honeywell announced the launch of a quantum-as-a-service project, while IonQ unveiled a quantum... Read more
Published on: 2020-11-12
The University of California, Berkeley professor was a founder of both Cadence Design Systems and Synopsis. Quantum Motion is developing quantum devices based upon scalable silicon processing that can be manufactured in a semiconductor wafer fab. Professor Sangiovanni-Vincentelli’s long experience with the semiconductor and electronics industries should be quite helpful to Quantum... Read more
Published on: 2020-11-12
Total SE is one of the largest energy companies in the world and is headquartered in France. They will be using QC Ware’s Forge cloud services platform to model continuous variables and run optimization use cases that are critical to Total’s operations. With 2019 revenue of over $200 billion and... Read more
Published on: 2020-11-11
The Series A funding was led by MIG Fonds with additional participation from Tesi, OpenOcean, Maki.vc, Vito Ventures, Matadero QED, Vsquared, Salvia GmbH, Santo Venture Capital GmbH, and Tencent. IQM is designing a superconducting quantum computing and is based in Espoo, Finland with a subsidiary in Munich, Germany. This fundraising... Read more
Published on: 2020-11-10
Eight quantum projects have been funded by a combination of UK Research and Innovation (UKRI) providing £2 million and Natural Sciences and Engineering Research Council of Canada (NSERC) providing C$4.4 million over a three year period. This follows a 2017 agreement between the two countries to share quantum expertise through... Read more
Published on: 2020-11-09
The project will be led by M-Squared Lasers, a developer or photonics and quantum technology with additional participation from Oxford Ionics, Orca Computing, Kelvin Nanotechnology, TMD Technologies, the Universities of Glasgow, Strathclyde, and Oxford, and the UK’s National Physical Laboratory (NPL).  The three year project is partially funded by the... Read more
Published on: 2020-11-07
Sometimes when we argue about whether my Quantum Volume is bigger than yours, we forget that the real opponent for quantum computing is classical computing. Although Moore’s Law may be slowing down, it hasn’t stopped altogether and continued advances are being made in semiconductor technology. And classical computing is continuing... Read more
Published on: 2020-11-06