Press releases
Press releases from Quantum Computing industry
DPCM Capital Inc. (NYSE: XPOA) announces the availability of a broadcast titled, “Quantum Computing Has Arrived.” The world may be on the cusp of a new generation of computing. Its name? Quantum computing. Much like its precursors, quantum computing doesn’t have a sole inventor or a single brand; it is the collective product of decades of work by many of the brightest minds in science and technology. The nascent industry is highly complex employing varied approaches to harness the power of...
IQM Quantum Computers (IQM), the European leader in building superconducting quantum computers, is announcing today it has raised €128 million ($128m) in Series A2 funding led by World Fund to expand its international business and accelerate product development to tackle the world’s most pressing problems. The funding, which follows a €39m ($39m) Series A1 announcement in 2020 and includes part of a €35m ($35m) venture loan from the European Investment Bank (EIB) announced earlier this year,...
Atlantic Quantum, a developer of scalable quantum computers, today announced a $9 million seed investment led by The Engine, the venture firm spun out of MIT that invests in early-stage Tough Tech companies. Other participating investors include Thomas Tull, Glasswing Ventures, Future Labs Capital, and E14. The capital will fuel technical development and further Atlantic Quantum’s mission to develop superconducting quantum computers with the quality and size needed to tackle the world’s hardest...
British quantum computer developer ORCA Computing has been chosen to partner with Quantum Machines, an Israeli company, to establish the newly announced Israeli Quantum Computing Centre. The facility has bought an ORCA PT-1 model, the first computer of its kind able to work at room temperature and on-site. ORCA is the only UK quantum processor developer selected to partner with the new centre, which will develop a research and development base for industry and academia to develop...
The history of classical computing is one of advances in transistor and chip technology yielding corresponding gains in information processing performance. Although quantum computers have seen tremendous improvements in their scale, quality and speed in recent years, such a gradual evolution seems to be missing from the narrative. Indeed, it is widely accepted that one must first build a large fault-tolerant quantum processor before any of the quantum algorithms with proven super-polynomial...
New wholly owned subsidiaries will support initiatives among European and Israeli customers and partners Former IBM EU program director, Noam Zakay, to lead European business development and sales efforts throughout the region IonQ (NYSE: IONQ), a leader in quantum computing, today announced the creation of its first European and Israeli entities in support of growing regional investments in quantum computing. The German and Israeli-based entities, IonQ GmBH and IonQ Israel LTD, will provide...
World’s Largest Chemical Company Leverages Neutral Atom Quantum Processors for Weather Modeling Applications. PASQAL, the leading full stack manufacturer of neutral atoms quantum processors, today announced a collaboration with BASF, the world’s largest chemical company, for weather and other computational fluid dynamics applications. BASF has begun to explore how PASQAL’s proprietary quantum algorithms could one day be used to predict weather patterns. The learnings from this project can build...
Announcement of promising and innovative collaborations as follow-ups of the BMW Group Quantum Computing Challenge. BMW Group brings Quantum Computing Community together to bridge the gap between foundational and applied research. BMW Group strengthens Munich Quantum Valley. With the event “Quantum Computing for Automotive Challenges”, the BMW Group is once again underscoring its leading role in the development of a quantum ecosystem. The BMW Group sees its role not only as one member of the...
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