TQI QuickBits: Making Research Milestones, Fueling Fund Flows and More Quantum News
The Quantum Insider
Making Quantum Technology accessible through media, news, insights and data
Congratulations to BTQ -- a quantum cybersecurity company that went public during the week. The company is now trading on the NEO Exchange.
In other quantum startup news, Quantum Motion pulled in an eye-popping ￡47 million for its latest funding round. The list of investors read like a "who's who" of leading quantum, tech and deep tech backers.
I have a tendency to focus on the numbers in quantum -- big investments, big fundraising rounds, big grants, etc. But the real testament to the health of this industry is in the performance of these companies AFTER the funding rounds and IPOs. They are continually making steady progress along ambitious roadmaps. This week, Google Quantum AI and Quantinuum reported on significant milestones. Check out those stories below for some idea on how quantum companies are delivering -- step by step and milestone by milestone -- on their promises to create practical quantum computing.
Quantum Quote
?Quantum Motion, a UK-based quantum computing scale-up led by academics from UCL and Oxford University, raised over ￡42 million in equity funding.
“We’ve secured the support of leading technology investors, allowing us to realise our vision of a quantum computer built using standard foundry processes. This support, along with the continuing UK national quantum programme and European initiatives, provides a step-change in our capabilities. We have assembled a world leading team and with the funding and support in place, we are ready to scale and deliver on our vision.” — James Palles-Dimmock, CEO of Quantum Motion
Quantum Research
Riverlane published peer-reviewed research focused on improving quantum algorithms to more accurately model highly unpredictable physical systems, from complex weather patterns and solar flares to aerodynamics during turbulence.
You can check it out at the journal Quantum.
Quantum Quick Look
The Quantum Insider recently released the Quantum Technology Investment Update The report provides a comprehensive overview of the quantum market investment in 2022, including key trends, players and investors.
You can check it out here.
Heat Maps Identify Quantum Hot Spots
The quantum ecosystem is growing and evolving rapidly, which is why the TQI development team is continually building new ways for users to follow the quick and complicated changes of hundreds of quantum technology startups, companies, governments, research institutions, universities and other organizations. They can even identify innovation hotspots using the heatmap functionality.
Check out TQI's Intelligence Platform today.
And remember to subscribe to?TQI's newsletter?for every week's insights and actions in quantum.
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Quick Looks
Quantum Motion, a UK-based quantum computing scale-up founded by Professor John Morton, UCL, and Professor Simon Benjamin, Oxford University, has raised over ￡42 million in equity funding from some of the world’s leading quantum and technology investors.
NEO?Exchange announced that BTQ Technologies Corp. (“BTQ”), a technology company that researches, develops and builds post-quantum infrastructure to safeguard mission critical networks, has made its debut on the public markets today. BTQ is now listed on the NEO Exchange and is available for trading under the symbol BTQ.
Riverlane, the quantum computing scale-up building the world’s first error-corrected quantum operating system, has published peer-reviewed research that presents substantial improvement in the use of quantum algorithms to more accurately model highly unpredictable physical systems, from complex weather patterns and solar flares to aerodynamics during turbulence.
A team of Google Quantum AI researchers say they notched another milestone in error-correction work, an advance they hope will be another important step in the development of fault-tolerant quantum computers.
Quantinuum, the world’s largest standalone integrated quantum computing company, today announced its H1 generation quantum processors set two performance records in quick succession, with its H1-1 achieving a quantum volume (QV) of 16,384 (214), and then 32,768 (215). The achievements represent a high-water mark for the quantum computing industry, based on the widely recognized QV benchmark, which was originally developed by IBM to reflect a quantum computer’s general capability.
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Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
2 年Thanks for sharing.