ColdQuanta’s Latest $20 Million in Funding Brings Total to $74 Million — Series B Fund Raise Continues
ColdQuanta, the leader in Cold Atom Quantum Technology, today announced it has secured $20 million in funding from existing investors, according to a company statement. Those current investors include Foundry Group, Global Frontier Quantum Opportunity Fund, LCP Quantum Partners and Maverick Ventures. The investment will be used to rapidly accelerate the commercialization of the company’s […]
Germany Outlines €2 Billion Investment in Quantum Computing, Related Tech
Germany will add about 2 billion euros, or $2.4 billion U.S., to support the country’s quantum computing industry, Reuters is reporting. The news appears to be related to German Chancellor Angela Merkel’s quantum innovation program, which was announced last year as part of a 130-billion euro stimulus plan that is designed to tackle future challenges […]
Quantum Delta NL Launches LightSpeed to Tap Into 13.6 Billion Euro Investment Potential
Quantum Delta NL announced it has launched LightSpeed, a program that can connect Dutch quantum startups with €13.6 billion in investment capital, managed by European and U.S. funds, according to a news release. The startups will be guided by Quantum Delta NL’s Investor in Residence Ton van’t Noordende (founder PHX, founder and former deep tech […]
Chinese Research Team Designs, Builds 62-Qubit Superconducting Quantum Computer
A team of Chinese scientists have developed a quantum superconducting computer with reportedly the world’s largest number of superconducting qubits, according to a paper published in a leading scientific journal. The team from the University of Science and Technology of China (USTC) designed the programmable 62-qubit superconducting quantum computer and performed two-dimensional programmable quantum walks […]
TQD Exclusive: Quantum Delta NL Plans to Put 615 Million Euro Investment in Quantum to Good Use
A recent 615 million euro infusion for Quantum Delta NL-program will bolster the program’s charge to build out and attract talent to the already bustling quantum ecosystem in the Netherlands. However, the real hope behind the funding is that it ignites a much greater, if not global, effect, said Freeke Heijman, founding director or Quantum […]
CQE is Putting Chicago on the Map for Quantum
Chicago Quantum Exchange: Putting Chicago on the Map for Quantum Announcements and Updates from David Awschalom about Chicago Quantum Exchange Focus: CQE Origins, identity, initiatives, startups, opportunities, QC Ed David Awschalom is the Liew Family Professor in Spintronics and Quantum Information in the Pritzker School of Molecular Engineering, a professor of Physics, and director of […]
Reports: Xanadu Quantum Technologies Set to Raise $100 Million, Leading to Estimated $400 Million Valuation
A flurry of reports suggest that U.S. venture capital giant Bessemer Venture Partners will lead an investment group in a $100-million (US) funding of Canadian startup Xanadu Quantum Technologies Inc., according to the Globe and Mail. The Globe and Mail’s sources also said that the deal would value Xanadu, which is headquartered in Toronto, at […]
10 Full Stack Quantum Computing Solutions [2024]
For most startups participating in the quantum computing (QC) ecosystem, the best way to compete commercially is to develop novel quantum computing software, start a consultancy or other similar service-based platforms. Full-stack quantum computing solutions on the other hand are much more expensive to develop considering the cost-heavy manufacturing of hardware products. They, unsurprisingly then, […]
Tampere University Researchers: “Crucial Next Step For Applying Structured Photons To Various Quantum Metrological & Informational Tasks
Image by ParallelVision from Pixabay Sure Boost For Quantum Tech Two researchers at Tampere University, Finland, have been successful in demonstrating how two interfering photons can bunch into complex shapes, opening up greater possibilities in measurement and sensing techniques. Their findings, published in the journal Physical Review, could be good news for quantum technologies by allowing the […]
John Martinis Awarded the Seventh Bell Prize
The seventh biennial John Stewart Bell Prize for Research on Fundamental Issues in Quantum Mechanics and Their Applications is awarded to John Martinis (professor of physics, UC Santa Barbara, USA) for his innovations in the design and control of superconducting devices, in particular his leadership in devising low-error multi-qubit superconducting chips, which has resulted in […]