Zapata Computing Announces $38 Million in Funding for Series B Financing

Zapata crew

Zapata Computing, Inc., the leading enterprise software company for NISQ-based quantum applications, today announced it has received $38 million in Series B funding, bringing the total investment to over $64 million, according to the company. This funding round was led by Comcast Ventures, Pitango and Prelude Ventures, with the support of additional existing Series A investors, including BASF Venture Capital, Robert Bosch […]

Researchers Develop a Way to Determine How ‘Quantum’ a System Is

quantumness

Large objects, such as baseballs, vehicles, and planets, behave in accordance with the classical laws of mechanics formulated by Sir Isaac Newton. Small ones, such as atoms and subatomic particles, are governed by quantum mechanics, where an object can behave as both a wave and a particle. The boundary between the classical and quantum realms […]

ColdQuanta to Preview its Cold Atom Quantum Computer Technology

ColdQuanta, the quantum atomics company, previewed its quantum computer technology, built on its Quantum Core™, according to a company news release. The Colorado-based company, which recently announced a major funding series, said that Quantum Core is uniquely capable of being used as the basis for a wide range of quantum systems spanning computing, global positioning, […]

Multiverse Computing Completes a 1.5 Million Euro Funding Round

Multiverse Computing founders

Multiverse Computing has just closed a 1.5 million euro funding round to finance its growth and internationalization process, according to a post on the company’s website. The startup, with offices in Donostia and Toronto, specializes in quantum algorithmic solutions for the financial industry and already collaborates with some leading financial institutions. The capital increase has […]

Team From University of Chicago and Northwestern University Finds that Spin-bearing Molecules are Possible Building Blocks For Quantum Technologies

Photo by Filip Mroz on Unsplash Molecular Spins A team of physics and chemists at the University of Chicago and Northwestern University have just done something extraordinary with qubits. They managed, using chemically synthesized organometallic chromium molecules, to generate a spin state they could manipulate with microwaves and light to encode quantum information into their magnetic […]

VTT, IQM Partner on Quest to Build Finland’s First Quantum Computer

IQM

VTT and IQM have entered into an agreement to establish a co-innovation partnership and begin building Finland’s first quantum computer. The cooperation will bring together top expertise in quantum technologies and enable a leap in Finland’s quantum capabilities. The government of Finland has granted the project EUR 20.7 million funding. The computer will be built […]

New Circuit Compression Approach Could Deliver Real-World Quantum Computers Years Ahead of Schedule

A major technical challenge for any practical, real-world quantum computer comes from the need for a large number of physical qubits to deal with errors that accumulate during computation. Such quantum error correction is resource-intensive and computationally time-consuming. But researchers from the National Institute of Informatics and Nippon Telegraph and Telephone Inc. have found an […]