Quantum Computing Risks for Asset Owners: Cybersecurity, Governance And Competition
Insider Brief Quantum computing is emerging as a governance issue for institutional investors long before it becomes a mainstream investing tool. In an article published in Institutional Investor, Angelo Calvello writes that asset owners risk repeating the mistakes many made during the rise of artificial intelligence by focusing on whether quantum computing is overhyped while […]
SEETEL, Aegis and Quantum eMotion Expand Quantum-Secured Energy Partnership
Insider Brief PRESS RELEASE — SEETEL New Energy Co., Ltd., (7740.TW), Aegis Critical Energy Defence Corp. (CSE: QESS) (OTCQB: QESSF) (FSE: JG6) and Quantum eMotion Corp. (NYSE: QNC; TSXV: QNC; FSE: 34Q0) today announced the expansion of their strategic partnership to integrate quantum-secured cybersecurity into battery energy storage systems (“BESS”) for mission-critical energy applications worldwide. […]
IonQ Opens New Quantum Computing R&D Facility in Boulder
Insider Brief PRESS RELEASE — Today, Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) celebrated IonQ’s (NYSE: IONQ) new laboratory suite in Boulder, Colorado. The suite will house state-of-the-art Quantum Computing R&D and semiconductor chip testing facilities that will develop new technologies, create good paying jobs, […]
Quantum Computing Inc. Reports Higher Revenue Following Acquisitions
Insider Brief Quantum Computing Inc. reported higher first-quarter revenue following two acquisitions that expanded the company’s photonics manufacturing and quantum communications capabilities, while operating losses widened as spending accelerated. The company, which develops quantum optics and integrated photonics technologies, said first-quarter revenue rose to about $3.7 million from $39,000 a year earlier, driven primarily by […]
Photonic Inc. Closes Investment Round With Over $200 Million USD
Insider Brief PRESS RELEASE — Photonic Inc., a global leader in distributed quantum computing, today announced the final close of over $200M USD ($275M CAD) in investment, giving the company a $2B USD ($2.7B CAD) post-money valuation. The round, led by Planet First Partners, a UK-based sustainable technology growth equity firm, brings total capital raised by Photonic to over $350M USD ($475M CAD). This round adds new investors Business Development Bank of Canada (BDC), Export […]
Oxford Instruments Partners with NYU Nanofab to Pioneer Atomic-Scale Quantum Advancements with PlasmaPro ASP
Insider Brief PRESS RELEASE — New York University’s NYU Nanofabrication Cleanroom has enhanced its quantum fabrication capabilities by installing an Oxford Instruments PlasmaPro ASP atomic layer deposition (ALD) system, becoming the first in the United States to utilise this technology for superconducting quantum applications. This acquisition, funded by the U.S. Microelectronics Commons through the NORDTECH hub, […]
Quobly and Hon Hai Research Institute Release an Open-Source Toolbox to Explore Quantum Phase Estimation
Insider Brief PRESS RELEASE — Quobly, a French pioneer in silicon-based quantum computing, and Taiwan’s Hon Hai Research Institute, the R&D arm of Hon Hai Technology Group (Foxconn), today announced the release of an open-source numerical toolbox, jointly developed by the two partners, dedicated to the Quantum Phase Estimation (QPE) algorithm, a cornerstone of fault-tolerant quantum […]
Casimir Launches With $12 Million Oversubscribed Seed Round to Bring Quantum Energy Chip To Market
Insider Brief PRESS RELEASE — Casimir, Inc., a quantum energy technology company founded by former NASA advanced propulsion researcher Dr. Harold “Sonny” White, today announced the close of a $12 million seed round led by Scout Ventures. The funding will commercialize the world’s first quantum vacuum energy source: semiconductor chips that harvest energy from quantum […]
D-Wave Quantum Rides a New ‘Wave’ of Quantum Bookings, As Demand — and Volatility — Increase in Quantum
Insider Brief D-Wave Quantum reported a sharp rise in bookings for the first quarter even as revenue fell from a year earlier, reflecting the uneven but accelerating commercialization cycle of the quantum computing industry. In a statement, the quantum computing company reported first-quarter bookings reached $33.4 million, up nearly 2,000% from the same period a […]
High-Level French and German Officials Meet to Strengthen Quantum Ties
Insider Brief French and German quantum technology leaders are moving to tighten cross-border cooperation as Europe races to build a domestic industry capable of competing with U.S. and Chinese advances in the field, according to a news release. More than 100 representatives from research institutions, startups, industrial firms, funding organizations, and government bodies gathered in […]