Wave Photonics Secures £4.5 Million to Enable Deployment of Light-based Chips
Insider Brief Wave Photonics received £4.5 million, or about $5.8 million US, to develop on-chip photonics designs for quantum technologies, sensors and data centre applications. The UK Innovation & Science Seed Fund and Cambridge Enterprise Ventures led the round, with participation from Redstone QAI Quantum Fund, Kyra Ventures, Parkwalk’s University of Cambridge Enterprise Fund IX […]
PQShield Raises $37 Million in Series B Funding
Insider Brief PQShield, a cybersecurity company specializing in post-quantum cryptography (PQC), has raised $37 million in Series B funding. The round was led Addition, with participation from new investors Chevron Technology Ventures, Legal & General and Braavos Capital, together with existing backers, Oxford Science Enterprises. PQShield will use the funding to expand its commercial operations […]
Illinois Governor And Corporate Partners Team Up to Use Quantum to Tackle Financial Fraud
Insider Brief The Illinois state government, IBM and Discover Financial Services are partnering to secure federal funding for developing quantum technology aimed at combating financial fraud, Bloomberg is reporting. This initiative is tied to Illinois’ bid to win $70 million from President Joe Biden’s Tech Hubs program. Labeled Quantum Shield, the project is aimed at […]
C12 Raises 18 Million Euros to Accelerate Its Unique Approach to Quantum Computing Development
Insider Brief C12 announces the closing of its second financing round of €18 million. The company is a French spin-off of the Physics Laboratory of the École Normale Supérieure in Paris and a pioneer in the development of a carbon nanotube-based universal quantum computer. The round includes lead investors Varsity Capital, EIC Fund and Verve […]
VTT Begins Search For Partner to Scale up Finland’s Next Quantum Computer Towards 300 Qubits
Insider Brief The government of Finland has committed to finance the procurement of Finland’s next quantum computer. VTT Technical Research Centre of Finland will begin a tendering process to look for a partner to help scale up the country’s most powerful quantum computer towards 300 qubits. The new public call for tenders covers co-development between […]
Pasqal Co-CEO Loïc Henriet Predicts Quantum Computing to Disrupt Industries & Society
Quantum computing will shake industries and society like no other. Well, this is what Loïc Henriet, Co-CEO of Pasqal, maintains. At the recent Thoughts 2024 event held by Pasqal, he shared what his groundbreaking technology with neutral atoms could mean for innovation in all sectors. “Quantum computing is a new way of computing,” Henriet asserted. […]
Bluefors Lab Expansion Enables Quantum Innovation
Insider Brief QuantrolOx will be the first to use the newly installed XLD1000sl Dilution Refrigerator. The installation follows the recent expansion of the Bluefors Lab in Delft. QuantrolOx has previously used Bluefors Lab’s LD system to develop Quantum EDGE. PRESS RELEASE — Following the recent expansion of the Bluefors Lab in Delft, QuantrolOx – leaders […]
Germany Launches First Hybrid Quantum Computer at Leibniz Supercomputing Centre
Insider Brief A 20-qubit quantum computer has been integrated into a supercomputer, SuperMUC-NG in Germany. The installation was part of a collaboration with the Leibniz Supercomputing Centre (LRZ) of the Bavarian Academy of Sciences and Humanities, the Q-Exa consortium, led by IQM Quantum Computers (IQM). The IQM quantum processor unit, based on superconducting circuits, has […]
Authenticating in a Post-Quantum World
At the first Future Cryptography Conference held in Tallinn, Estonia, the primary focus was on Post-Quantum Cryptography (PQC). With the advent of quantum computing, traditional cryptographic methods face obsolescence, necessitating a new paradigm in secure communication. Esteemed experts from Estonia and Czechia gathered to deliberate on the challenges and advancements in PQC, addressing standards, applications, […]
Microsoft’s New Release Taps Generative AI, Quantum to Boost Molecular Research
Insider Brief Microsoft is releasing two new features to enhance the productivity and accessibility of research in chemistry and materials science. These updates are in line with the company’s overall mission to empower global scientific advances by leveraging AI, quantum and cloud high-performance computing (HPC). Microsoft and its partners are working toward offering a quantum […]