SEALSQ Announces Closing of an Initial $10.0 Million Tranche of a Private Placement of Convertible Notes and Warrants
Insider Brief: SEALSQ has announced that it has closed an initial $10.0 million tranche of a total possible $20.0 million private placement pursuant to the terms of a securities purchase agreement, dated July 11, 2023, with certain institutional investors. The investment is in the form of a Senior Unsecured Original Issue 4% Discount Convertible Promissory […]
Controlling Quantum Randomness From the Vacuum
Insider Brief A team of MIT researchers demonstrated the control of quantum randomness for the first time. The team focused on a unique feature of quantum physics known as vacuum fluctuations. By injecting a weak laser bias into an optical parametric oscillator, an optical system that naturally generates random numbers can serve as a controllable […]
Austrian Startup ParityQC Releases Video on Optimization Problems Solved with Quantum Computers
In the field of quantum computing, researchers and companies are exploring the potential for quantum algorithms to solve complex optimization problems more efficiently than classical computers. ParityQC, an Austrian startup, is at the forefront of this endeavour, developing tools and software specifically designed to harness the power of quantum computers for optimization problem-solving. In a […]
UKQuantum appoints Jonathan Legh-Smith as Executive Director
UKQuantum, the trade association providing the voice of UK quantum industry, has appointed Jonathan Legh-Smith as Executive Director. UKQuantum’s mission is to: Unite the UK quantum industry with one voice; Champion the industry within Government and internationally while advising on interventions and policies that will advance the UK quantum industry; and Promote the adoption and […]
Japanese Banking Giant Makes Strategic Quantum Investment
Insider Brief MUFG Bank has made a strategic investment in Groovenauts, a Japanese quantum startup, Nikkei reports. Groovenauts uses quantum annealing technology, particularly to help solve optimization problems. MUFG Bank reportedly purchased 18% of Groovenauts’ outstanding shares, worth several billion yen. MUFG Bank, one of Japan’s largest financial institutions, has made a strategic investment in […]
Quobly Secures €19 Million in Funding to Propel Development of Fault-Tolerant Quantum Computer
Insider Brief Quobly announces the closing of its first fundraising round amounting to 19 million euros. The company was formerly known as Siquance. The round was led by Quantonation, Bpifrance through the Deep Tech 2030 fund managed on behalf of the State as part of France 2030, Supernova Invest and Innovacom. PRESS RELEASE — Quobly, […]
Quantinuum’s H1 Meets H2: Quantum Chemistry Makes Advance Toward a Fault Tolerant Regime Using Logical Qubits
Insider Brief Quantinuum scientists report they simulated a hydrogen molecule (H2) by implementing a fault tolerant algorithm on a quantum processor using logical qubits. The team used Quantinuum’s H1 quantum computer. Scientists created and used logical qubits achieved with a newly developed error detection code designed for the H-series quantum hardware. PRESS RELEASE — Quantinuum, […]
NATO Innovation Fund Investing €1 Billion in Deep Tech Innovation For Its 1 Billion Citizens
Insider Brief The NATO Innovation Fund aims to address the significant underfunding of the market for deep tech innovation. Verticals include artificial intelligence (AI), biotechnology, energy & propulsion, manufacturing and space technologies. The fund aims to adapt its investment strategy accordingly, aligning with emerging trends and breakthrough developments. The NATO Innovation Fund (NIF) has been […]
Rambus Delivers Quantum Safe IP Solutions For Data Center Security
Insider Brief Rambus Inc. expands security IP offerings with first in a family of Quantum Safe IP solutions. Next-gen Root of Trust safeguards data centers and communications from future attacks in post quantum computing era The programmable security solution protects hardware and data with NIST and CNSA quantum-resistant algorithms. PRESS RELEASE — Rambus Inc. (NASDAQ: RMBS), […]
SMART Photonics Receives €100 Million in Additional Funding
Insider Brief SMART Photonics has secured an additional round of funding of €100 million from a group of strategic industry and financial Dutch players. The company is a Dutch foundry for photonic integrated circuits. The funds will help strengthen the company’s role as the leading manufacturer of next generation chips in the European photonic value […]