Atlantic Quantum Joins Google Quantum AI
Insider Brief Atlantic Quantum, an MIT-founded startup developing superconducting quantum hardware, has joined Google Quantum AI in what looks like — but not, as of press time, spelled out officially in Google’s announcement — as an acquisition. The post does outline that the move is a way to fuel the race toward error-corrected quantum computers. […]
Kiutra Secures €13 Million to Strengthen Quantum Supply Chains With Helium-3-free Cooling
Insider Brief PRESS RELEASE — The successfully completed financing round will accelerate our global scale-up and delivering helium-3-free cooling systems that strengthen the resilience of quantum supply chains. The round was co-led by international investors NovaCapital (Italy) and 55 North (Denmark), with participation from High-Tech Gründerfonds (Germany) and existing backers. With this financing, we have […]
PINC Technologies Emerges From Stealth With $6.8 Million in Funding to Unlock Scalable Nonlinear Photonics
Insider Brief PRESS RELEASE — PINC Technologies, a Caltech spinout company developing advanced integrated nonlinear photonic devices and circuits, today announced the close of its Seed+ round, bringing total funds raised to date to $6.8M. The funding will accelerate commercialization of the company’s technology, which builds on groundbreaking research from the Caltech Nonlinear Photonics Laboratory. […]
55 North Announces First Close For €300 Million Quantum Technology Fund
Insider Brief PRESS RELEASE — 55 North, the world’s largest dedicated quantum technology venture capital fund, today announced the first close of its €300m inaugural Fund I at €134 million, establishing its position as the sector’s largest pure-play quantum VC. The fund was co-founded by three founding GPs, Owen Lozman, Dr. Helmut Katzgraber and Dr. […]
The Conversation: ‘Spooky Action at a Distance’ – A Beginner’s Guide to Quantum Entanglement And Why it Matters in The Real World
By Michele Governale, Professor of Physics and Ulrich Zuelicke, Professor of Physics, Te Herenga Waka — Victoria University of Wellington for The Conversation Many governments and tech companies are investing heavily in quantum technologies. In New Zealand, the recently announced Institute for Advanced Technology is also envisioned to focus on this area of research. As quantum technologies […]
Core4ce Expands Air Force Research Laboratory Contract With $98.7 Million Award
Insider Brief PRESS RELEASE — Core4ce, through its acquired company Azimuth Corporation, was awarded a ceiling contract modification of $98.7 million to an existing contract sponsored by the Air Force Research Laboratory’s (AFRL) Materials Research and Survivability Studies (MaRSS) II program. The modification brings the cumulative contract value to $196 million and extends research efforts […]
Scientists Report Quantum AI Could Cut Home Energy Consumption
Insider Brief PRESS RELEASE — Residential heating, ventilation, and air conditioning (HVAC) systems constitute a significant proportion of energy usage in buildings, necessitating energy management optimization. In this context, occupancy aware HVAC control is a promising option with 20-50% energy savings in homes. However, occupancy sensing technology suffers from long payback times, privacy issues, and […]
Einride Raises $100 Million, IonQ Named Strategic Investor
Insider Brief PRESS RELEASE — Einride, a technology company that provides digital, electric, and autonomous solutions for road freight, has raised about $100 million in funding from a mix of existing and new investors. The capital will power Einride’s next phase of growth as it scales the deployment of its autonomous freight solutions, deepens technology […]
ESA Signs a Contract on SAGA Mission For Sovereign Quantum Key Distribution Capability in Europe
Insider Brief PRESS RELEASE — The European Space Agency’s (ESA) Security And cryptoGrAphic (SAGA) mission has entered the system definition and preliminary design phase (Phase B2), marking the beginning of the development of the first quantum key sharing mission designed for European governments. A world leading aerospace consortium led by Thales Alenia Spacehas won a […]
Scientists Create Carbon Nanotube-based Superconducting Quantum Bit
Insider Brief PRESS RELEASE — For nearly 25 years, miniaturized electrical circuits cooled to extremely low temperatures have become some of the most important players in quantum technology. Invented in research laboratories, these circuits are now used as basic components (quantum bits) in prototype quantum computers developed by companies such as IBM and Google. Alongside […]