IonQ Reports 50% Year-Over-Year Increase in Bookings
Insider Brief IonQ announced $24.5 million in bookings for the full year 2022, representing a ~50% year-over-year increase. Company will release its financial results for the fourth quarter and fiscal year ending December 31, 2022 on March 30. Critical Quote: “During these turbulent times when the entire world is dealing with a challenging economic environment, […]
Oxford Spinout QuantrolOx Raises New Round to Bring Qubit Tuning Software to Market
Insider Brief QuantrolOx, which is developing automated control software bringing stable and sustained gate performance to qubits, raised a new seed round of €3.5 million. Voima Ventures led the round, with participation from existing investors such as Nielsen Ventures and Hoxton Ventures. Critical Quote: “Since Voima Ventures’ initial investment in late 2021, QuantrolOx has made […]
China’s Developing Medium-High Orbit Quantum Satellites
One of China’s leading quantum scientist said the nation is developing medium-high orbit quantum satellites, the Global Times is reporting. “We are cooperating with the National Space Science Center to develop a medium-high orbit satellite. In the future, the combination of high-orbit and low-orbit satellites will build a wide-area quantum communication network,” Pan Jianwei, an […]
PsiQuantum Opens UK-based Research Facility to Develop High-Power Cryogenic Systems For Large-Scale Quantum Computing
Insider Brief PsiQuantum opened its UK-based advanced R&D facility at STFC’s Daresbury Laboratory in the north west of England. Backed by £9 million of funding from the UK government’s Department for Science, Innovation and Technology. (DSIT), PsiQuantum now has access to one of Europe’s largest liquid-helium (approx. -270OC) cryogenic plants. Critical Quote: “Attracting companies like […]
IQM Quantum Computers Selected to Deliver Equipment For First Spanish Quantum Computer
Insider Brief IQM Quantum Computers has been selected to deliver quantum processing units for the first Spanish quantum computer to be installed in Spain. The initiative is promoted by the Ministry of Economic Affairs and Digital Transformation through the Secretary of State for Digitalisation and Artificial Intelligence (SEDIA). The first Spanish quantum computer will be […]
Quantum Brilliance Launches Software Suite Enabling Exploration of Applications with Miniature Quantum Computers
Insider Brief Quantum Brilliance announced the launch of its Qristal software suite, enabling R&D teams to explore integrating quantum systems in real-world applications. Developers and researchers can use Qristal, d develop and test novel quantum algorithms specifically designed for quantum accelerators. Critical Quote: “Qristal provides a powerful tool for developers and researchers in any field […]
Zurich Instruments Provides Quantum Computing Control Systems For Atlantic Quantum
Insider Brief Zurich Instruments will provide quantum computing control systems for Atlantic Quantum’s superconducting quantum computers. The control system is a key component of a quantum computer linking the sensitive qubits with the higher-level software stack. On-site installation and operation will be supported locally by Zurich Instruments’ Boston-based team. PRESS RELEASE — Zurich Instruments will […]
White House Releases National Cybersecurity Strategy With PQC Call-out
The Biden-Harris Administration released the National Cybersecurity Strategy to secure the full benefits of a safe and secure digital ecosystem for all Americans, according to a fact sheet on the report. The strategy seeks to rebalance the responsibility to defend cyberspace, realign incentives, and use all tools of national power in a coordinated manner to […]
€15 Million Fund Launches to Accelerate Netherlands’ Early-stage Quantum Technology Startups
Insider Brief QDNL Participations fund will help researchers turn their technology into VC-investable startups, and support more established companies Funds are fully committed by Quantum Delta NL, a foundation committed to scaling the Dutch quantum technology ecosystem Critical Quote: “This program is about more than money. Quantum Delta NL cherishes young companies, and the Infinity […]
Quantum Exponential Appoints Stuart Woods as Chief Operating and Strategy Officer
Insider Brief Quantum Exponential Group announced it has appointed Stuart Woods as Chief Operating and Strategy Officer. Wood’s operational, technical and managerial experience spans both size and sector and led him most recently into cryogenics for quantum computing. Critical Quote: “Stuart’s experience in the quantum and deep tech sectors, and his contacts of sector experts […]