Insider Brief
- IBM has invested in quantum software startups SQK and QodeX Quantum as part of its strategy to expand the quantum software ecosystem.
- SQK is applying hybrid quantum-classical algorithms to medical image reconstruction, while QodeX Quantum is developing quantum-native AI models integrated into machine learning workflows.
- IBM is also supporting quantum software development in Illinois through a partnership with the University of Chicago’s Polsky Center and participation in the Alchemist Chicago accelerator.
- Picture by IBM.
IBM announced new investments in quantum software startups SQK and QodeX Quantum, stating that the company is committed to developing quantum software and maintaining the Qiskit open-source quantum software development kit while partnering with and investing in startups to accelerate adoption and impact.
The company said it has invested in SQK and QodeX Quantum, two early-stage startups in the Duality quantum startup accelerator program that were selected for phase two of the Alchemist Chicago accelerator’s inaugural cohort. These companies were chosen for their work addressing challenges in healthcare and machine learning.
SQK, a Seattle-based startup founded in 2023, is applying hybrid quantum-classical algorithms to medical image reconstruction. The company stated that this capability could affect diagnostics in oncology, cardiovascular health, and neuroscience. IBM will also provide SQK with resources, mentorship, and strategic connections to support its growth.
QodeX Quantum, a Chicago-based startup founded in 2025, is developing quantum-native AI models and building a platform designed to integrate quantum computing into machine learning workflows. IBM will support QodeX by providing access to IBM’s quantum technology, networks, and customer ecosystems to help enable long-term growth.
IBM’s Quantum Strategy in Illinois
Part of IBM’s quantum strategy is to accelerate the growth of the software ecosystem to explore algorithms and applications that could help unlock the potential of quantum computers. It partnered with the University of Chicago’s Polsky Center to support quantum software startups participating in a two-phase program within the Alchemist Chicago accelerator.
According to the source, phase one of the program focuses on customer discovery, proof-of-concept development, and early traction, supported by IBM mentors and access to its quantum systems. Phase two provides venture investment and business acceleration, including participation in a six-month Alchemist program designed to support fundraising, enterprise traction, and scalable growth.
The company also stated that Illinois plays a central role in its quantum strategy. The company cited plans to deploy IBM Quantum System Two at the Illinois Quantum and Microelectronics Park and noted the creation of the National Quantum Algorithm Center. Through these initiatives and related investments, IBM plans to deepen collaboration in Illinois and support the development of a broader quantum ecosystem.
