TQI QuickBits: Funding For Four? Scaling Trapped-Ion Advance... And More News in Quantum
The Quantum Insider
Making Quantum Technology accessible through media, news, insights and data
Right off the top -- our congratulations to the teams of Maybell Quantum and Multiverse Computing .
Maybell -- a Colorado-based quantum pioneer -- announced a $25 million funding round, led by Cerberus. Multiverse Computing revealed its €25 million Series A this week, too.
You can read more about these rounds in our spotlight story, but it's interesting to note some similarities between the companies, even though they are operating in different segments of the quantum value chain. Both are pioneering quantum companies. Both have highly regarded leadership teams and deep science roots. And both are ecosystem advocates -- they appreciate their communities and serve as exemplars of those ecosystems.
Oxford Quantum Circuits (OQC) also announced that Chevron Technology Ventures joined its $100 million Series B funding round.
And just making it under the deadline wire -- Vescent closed a $5 million Series Seed funding round led by Corporate Fuel, with additional participation from Caruso Ventures .
So, not a bad week. And we're looking forward to hearing more from these companies!
Quantum Events!
Mark these quantum events on your calendar:
Q2B Paris - The Roadmap to Quantum Value, presented by?QC Ware Corp.?and?Bpifrance, will be held March 7-8 2024.
The Global Quantum Symposium?will be held March 18-20 at uptownBasel.
The third annual?Commercialising Quantum Global 2024?will be held June 5-6 2024 in London.
Quantum.Tech?Europe will return to Twickenham Stadium on Sept. 23 – 25, 2024.
Want more important information on quantum? Don't forget to subscribe to?TQI's official weekly newsletter?for a complete wrap up of?all the?news in?quantum!
Quantum Quotes
Multiverse Computing secured a €25 million (USD $27.1 million) oversubscribed investment round. The round was led by COLUMBUS VENTURE PARTNERS,S.G.E.I.C., S.A.U. through their SCR, with significant contributions from Quantonation and new investors, including the European Innovation Council Fund, Redstone QAI Quantum Fund, and Indi Partners, among other prominent backers.
“The investment from our partners and our rapid growth validate the team’s accomplishments in providing customers in energy, manufacturing, finance, defense and other industries with real value today. We expect to continue to double our revenues year over year and consolidate our industry leadership.” -- Enrique Lizaso-Olmos, CEO and co-founder of Multiverse Computing.
Maybell Quantum closed a $25 million funding round led by an affiliate of CERBERUS CAPITAL MANAGEMENT, L.P. ?Maybell intends to use the funds to scale manufacturing and open a new production facility in 2024.
“Beyond expanding our manufacturing capabilities, establishing a new production facility, and continuing to invest in our MayQ Labs, this funding will help Maybell continue to invest in the types of game-changing innovations people have come to expect from us. Also, critically, we’re ensuring that our customer support services are unmatched, globally. This holistic approach ensures that every dollar invested contributes directly to our customers’ success, today and going forward.” -- Corban Tillemann-Dick, CEO of Maybell
Working In Quantum
The Working in Quantum series, a partnership between Oxford Instruments and TQI, offers a glimpse into the working world of quantum technology and explores the skills, experience and support needed in order to build a workforce that will drive the future of quantum forward.
This week, we talk to Simon Phillips, CTO at Oxford Quantum Circuits, as he discusses the forefront of quantum technology.
TQI Product Updates
This month, we are excited to announce several additions to our Insight Section in our data intelligence platform designed to deliver the best value to our customers.
New Features in the TQI Insights Section:
Contact Details for Enterprise Users in EU and Asia: We have added a comprehensive document listing contact details of quantum computing, sensing, and security enterprise users in the EU and Asia region.
Quantum Grants in Canada, the US, and the EU: Added to the platform is also a document providing comprehensive details about various quantum-specific grants available in these regions.
Monthly Research Roundup: A report detailing the main research news of the month, including information such as research topics, institutions, and descriptions.
QuickBits Spotlights
Multiverse Computing, a global leader in value-based quantum and quantum-inspired computing solutions and the largest quantum software company in the European Union, today announced it has secured a €25 million (USD $27.1 million) oversubscribed investment round.
Maybell Quantum, the quantum infrastructure company, has closed a $25 million funding round led by an affiliate of Cerberus Capital Management, L.P., a global leader in alternative investing. This investment marks the start of a pivotal chapter in Maybell’s development.
领英推荐
QuickBits Business
A leader of quantum computing in China is urging action against the growing global competitiveness and the increasing technological containment of Western nations, the South China Morning Post (SCMP) is reporting. In a push for technological sovereignty and competitiveness, Guo Guoping, a prominent quantum computing scientist and founder of Origin Quantum, is calling on Beijing to strengthen the nation’s quantum computing industrial chains, according to SCMP. Guo, a deputy to China’s paramount legislative body, the National People’s Congress (NPC), emphasized the importance of overcoming Western technological containment and developing independent manufacturing chains in an interview with the official Science and Technology Daily, which was reported in SCMP.
Seeq, a leader in industrial analytics and AI, unveiled the Seeq AI Assistant, a generative AI (GenAI) resource embedded across its industrial analytics platform. The Seeq AI Assistant provides real-time assistance to users across the enterprise, empowering them to accelerate mastery of the Seeq platform, build advanced analytics, machine learning, and AI skills and knowledge, and accelerate insights to improve decision making in pursuit of operational excellence and sustainability.
The United States is already a global leader in quantum technology and is home to several hot quantum ecosystems, including Chicago, Colorado, Massachusetts and California. But, are there cities and regions that offer many of the same qualities as the aforementioned quantum hotspots, but are underrepresented in the number of quantum startups and companies?
The potential introduction of quantum computers capable of breaking asymmetric cryptography will put the entire digital world at risk and is becoming increasingly plausible every day. This is why today, at our Annual Partner Conference 2024, HP has announced the world’s first business PCs to protect firmware against quantum computer attacks.
Vescent, the leader in Quantum 2.0 Technologies Enabling Commercialization, has closed a $5 million Series Seed funding round led by Corporate Fuel, with additional participation from Caruso Ventures.
QuantrolOx (Espoo, Finland) and Zurich Instruments (Zurich, Switzerland) are pleased to officially announce their partnership. As of March 2024, the Zurich Instruments’ Quantum Computing Control System (QCCS) is integrated into the QuantrolOx’s Quantum EDGE, the leading automation tool for bringing-up, characterizing, tuning and controlling different qubit systems. The QCCS seamlessly unites RF Signal Generators (SG), Quantum Analyzers (QA) and Qubit Controllers (QC), and offers advanced features such as over 1?GHz instantaneous bandwidth for streamlined parallel qubit tune-up. The integration of QCCS into the Quantum EDGE empowers users to obtain outstanding results, reduces complexity, and enhances performance of quantum computing experiments.
QuickBits Research
Quantinuum, the world’s leading integrated quantum computing company, today announced a significant advancement in the field of quantum computing scalability. Researchers at Quantinuum have successfully demonstrated a novel approach that solves two major hurdles limiting the scalability and commercial viability of quantum computers: the “wiring problem” and the “sorting problem.”
Quantum computing will radically transform the application of the law – challenging long-held notions of copyright, a new study says. Faster computing will bring exponentially greater possibilities in the tracking and tracing of the legal owners of art, music, culture and books. This is likely to mean more copyright infringements, but also make it easier for lawyers to clamp down on lawbreaking. However, faster computers will also be able to potentially break and get around certain older enforcement technologies.
The Open Quantum Institute (OQI) passes a new milestone, with the operational launch at CERN. Following a successful one-year incubation period led by the Geneva Science and Diplomacy Anticipator (GESDA), the new, three-year CERN-based pilot will build on the efforts to date to help unleash the full power of quantum computing for the benefit of all.
Zero Point Cryogenics (ZPC) is thrilled to announce our recent collaboration with the University of Waterloo and the Government of Canada as part of the Innovation for Defence Excellence and Security (IDEaS) program. One of only six projects selected for this challenge, this funding signifies a major leap forward in Canadian quantum technology research, focusing on defence and security applications.
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Thank you for the shoutout!!