Year of the Rat
The last in this short series covering startups founded in the 2020s powered by The Quantum Insider’s very own proprietary data platform, this time we jump into the details about the technology, applications and founders of five quantum computing (QC) companies founded in 2020, the Chinese Year of the Rat.
A Finnish startup, Algorithmiq is a company developing advanced algorithms to solve complex problems in life sciences whose mission is to revolutionize life sciences by exploiting the potential of quantum computing, solving many inaccessible problems.
Combining the founding team’s expertise in quantum information, complex systems and computational physics to develop algorithms that run on near-term quantum devices to discover new drugs and develop new materials, Algorithmiq is based in the city of Turku and was founded by Sabrina Maniscalco, Guillermo García-Pérez, Matteo Rossi, and Boris Sokolov.
2. BosonQ Psi
Founded by Abhishek Chopra, Rut Lineswala and Jash Minocha, BosonQ Psi — whose name was inspired by the great Indian physicist Dr. Satyendra Nath Bose, after whose name the elementary particle in quantum mechanics, the Boson, comes from — is a software startup located in central India that leverages the power of quantum computing to perform simulations.
Building simulation capabilities utilizing a hybrid infrastructure of quantum computers and classical high-performance computers (HPC) to highlight near-term value additions to our customers, the team is also exploring new ways to perform simulations for fault-tolerant quantum computers in the future.
Currently, the team is working on the BQPhy™ — the world’s first Quantum-powered simulation-as-a-service (Q-SaaS) based software suite. This next-generation software suite offers computational advantages across various fields of engineering simulations. At present, it provides structural mechanics, thermal sciences, and design optimization capabilities. BQPhy will incorporate fluid mechanics, electrochemistry, electromagnetics and acoustics in future versions. BQPhy is geared toward enterprise customers wanting to accelerate their time-to-market by reducing their simulation time without sacrificing high accuracy in delivering innovative and reliable products. These enterprise customers come from aerospace, automotive, energy, manufacturing, biotechnology, construction, and other engineering-heavy industries. The power of BQPhy comes from its state-of-the-art proprietary simulation solvers and patented quantum algorithms.
From Central India, we now move to Israel and Classiq, a Tel Aviv-based startup revolutionizing the development of quantum algorithms with its own brand of software technology that helps teams model, synthesize and analyze quantum circuits that were previously impossible to create.
Founded by Amir Naveh, Nir Minerbi and Yehuda Naveh, the team’s hard work creating a platform that automatically creates optimal circuits from high-level functional models is an exciting prospect for the future of our industry.
To Canada now, a hotbed of quantum research and private sector investment, and infinityQ, a female-founded and led, Montréal, Canada-based startup focused on developing quantum analog computing solutions. Its first-gen quantum-analog computer, infinityQube, uses analog electronics, operating at room temperature, to exploit certain quantum effects. infinityQ helps its clients solve highly complex problems across a range of industries including finance, pharmaceuticals, logistics and chemistry. infinityQube is available to the end-consumer via our cloud interface or on-prem integration.
Developed by researchers who have led cutting-edge high-performance computing initiatives, infinityQube can outperform both classical CPUs and existing quantum computing devices for optimization problems — without the need for technical expertise in quantum mechanics and without cryogenics.
Founder Aurelie Helouis and the team describe the startup’s approach as a new type of green tech, rooted in analog, adiabatic in nature, with the energy consumption of a desk lamp. infinityQube’s unique design supports flexible and highly scalable deployment.
5. Orange Quantum Systems
Orange Quantum Systems is a Dutch startup that is accelerating the research on quantum physics and the development of quantum technology for quantum computing by supporting R&D labs with custom characterization and calibration software while developing customized full-stack setups for R&D into quantum computing.
Founded by Thorsten Last, Garrelt Alberts, Adriaan Rol, Amber Van Hauwermeiren, and Kelvin Loh, Orange Quantum Systems is part of Quantum Delft’s world-leading ecosystem for innovation in quantum technologies.