Molecular Quantum Solutions Raises €600k in Pre-seed Round to Help Pharma and Chemical Companies Use Quantum
Insider Brief Molecular Quantum Solutions received €600,000 in a pre-seed fundraise. The round was led by Scale Capital, alongside Rockstart and Stokbro Invest. Molecular Quantum Solutions plans used the funds to convert the tool stack they have developed to a SaaS solution for the pharma and chemical industry. PRESS RELEASE — Rockstart, global early stage […]
Defense Agency Awards SandboxAQ Contract to Provide Quantum-Resistant Cryptography Solutions
Insider Brief U.S. Defense Information Systems Agency awards a contract to SandboxAQ to implement the company’s end-to-end cryptographic management solution. SandboxAQ will partner with Microsoft and Deloitte & Touche LLP on the project. The SandboxAQ Security Suite enables agile cryptography to protect sensitive data from current and future cyber-attacks. PRESS RELEASE — SandboxAQ, an enterprise […]
DistriQ and France’s iXcampus Sign Agreement to Facilitate Quantum Talent and Entrepreneurship
Insider Brief Canadian-based DistriQ – Quantum Innovation Zone, and French-based iXcampus to collaborate on an initiatives to detect, support and nurture talent and entrepreneurs in the quantum field. Projects will include events, entrepreneurial support programs and executive and continuing education programs on innovation and quantum. The organizations signed a 5-year agreement to initiate the program. […]
BTQ Patents Innovative Method and System for Generating Private Cryptographic Keys
Insider Brief BTQ announced it has received approval for a patent related to quantum-safe encryption technology. The technology enables the secure transmission of confidential information using private cryptographic keys generated from a random vector shared between the entities. A range of industries may use the technology, including including distributed ledgers, finance, healthcare, and government agencies. […]
Quantum Scaleup Algorithmiq Raises $15M Series A to Accelerate Drug Discovery Work with Global Pharma Companies
Insider Brief: Algorithmiq, a scaleup developing quantum algorithms to solve the most complex issues in life sciences, has raised $15 million. The Series A round is led by Inventure VC, with Tesi, the state-owned Finnish investment company, Presidio Ventures, the corporate venture capital arm of Japan’s Sumitomo Corporation, and London-based Thames Trust, also involved. This […]
Opening of Quandela’s First Quantum Computer Manufacturing Facility: a New Step to Deliver Ground-breaking Quantum Solutions to Industrial Customers
Insider Brief: Quandela has just inaugurated its first factory for manufacturing quantum computers in Massy (Essonne, France). The grand opening took place on June 20th, 2023, in the presence of Jean-Noël Barrot, Minister for Digital Transition and Telecommunications, Nicolas Dufourcq, CEO of Bpifrance, and Alain Aspect, 2022 Nobel Prize laureate in Physics and member of […]
Infleqtion Wins Funding to Develop and Manufacture the UK’s First Optical Atomic Clock
Insider Brief Innovate UK has awarded funding to Infleqtion to expand its manufacturing capabilities for quantum-enabled systems. The funding will support the development of a new type of optical atomic clock that is highly accurate and reliable. Company executives say these clocks are essential for autonomous navigation, resilient power distribution and national security. PRESS RELEASE […]
McMaster University And Xanadu Partner on Quantum Computing Research and Training
Insider Brief McMaster University and Xanadu partnership to take aim at need for more quantum research and more quantum-trained workers. Partnership includes educational materials to train McMaster students for future careers in quantum and developing and testing new quantum computing algorithms. Critical Quote: “Through this partnership with Xanadu, we are delighted that our students will […]
Accelerating UK Quantum Computing – Don’t Forget The ‘TeraQuop’
By Steve Brierley, founder and CEO of Riverlane The UK government is investing more than $3bn over the next ten years, hoping to become a world-leading quantum-enabled economy by 2033. It’s a welcome investment that will help the UK quantum sector maintain the impressive momentum built over the previous 10 years. By comparison, China has […]
IonQ Launches Forte For Commercial Use
Insider Brief IonQ expanded the commercial availability of its next generation quantum computer – IonQ Forte. IonQ Forte is a ytterbium-based system, first made available in limited access in 2022. This is IonQ’s third commercially available system offered by IonQ, appearing alongside IonQ Aria and IonQ Harmony. PRESS RELEASE — IonQ (NYSE: IONQ), an industry […]