Business & Industry
ColdQuanta’s Newly Formed Quantum Research-as-a-Service Division Embarks on First Project with Oak Ridge National Labs
ColdQuanta, the leader in Cold Atom Quantum Technology, today announced the company has embarked on its first project under the newly branded Quantum Research as a Service (QRaaS) Division to build a Custom Ion Trap System for Oak Ridge National Labs (ORNL). The QRaaS division sits alongside the company’s Quantum Computing and Cold Atom Technology groups, and is dedicated to discovering breakthrough technology in support of government and enterprises. The Oak Ridge system will apply thoughtful engineering to create a high performance and modular system that enables rapid testing of cryogenic electronics, ion trap architectures, and system integration strategies. The cryogenic ion trapping system combines the modular design and systems engineering that ColdQuanta has demonstrated in several of its products to produce a reliable system that is tailored to the customer’s needs for testing and prototyping ion trap hardware.
The Shorts | 10/18/21 | Business and Industry in Quantum Computing
The rate at which quantum computing is hitting the media stream is ever-increasing. This piece is a collection of recent articles and reports covering various aspects of quantum computing from the lens of business and industry. Mea Cubitt
IonQ and University of Maryland Researchers Demonstrate Fault-Tolerant Error Correction, Critical for Unlocking the Full Potential of Quantum Computers
Researchers from The University of Maryland and IonQ, Inc. (“IonQ”) (NYSE: IONQ), a leader in trapped-ion quantum computing, on Monday published results in the journal Nature that show a significant breakthrough in error correction technology for quantum computers. In collaboration with scientists from Duke University and the Georgia Institute of Technology, this work demonstrates for the first time how quantum computers can overcome quantum computing errors, a key technical obstacle to large-scale use cases like financial market prediction or drug discovery.
The Shorts | 10/11/21 | Business and Industry in Quantum Computing
The rate at which quantum computing is hitting the media stream is ever-increasing. This piece is a collection of recent articles and reports covering various aspects of quantum computing from the lens of business and industry. Mea Cubitt
Equal1 Receives Multimillion Euro Venture Capital Investment From btov Industrial Technologies, Atlantic Bridge
Equal1 Laboratories (Equal1), the silicon quantum computing company, announced btov Industrial Technologies has joined Atlantic Bridge and other Equal1 investors in a multimillion Euro funding round. The funding, which will accelerate the introduction of the world’s most compact and cost-effective quantum computers, brings the initial capital invested in Equal1 to over €10 million.
Smacked by SPACs, Is Rigetti Taking It’s Full-Stack to the Nasdaq? Nope, Try the N-Y-S-E for Rigetti!
Rigetti & Co., Inc. (“Rigetti”), a pioneer in full-stack quantum computing, announced it has entered into a definitive merger agreement with Supernova Partners Acquisition Company II, Ltd. (“Supernova II”) (NYSE:SNII), a publicly traded special purpose acquisition company. When the transaction closes, the publicly traded company will be named Rigetti Computing, Inc. and its common stock is expected to be listed on the NYSE under the ticker “RGTI.”
Startup Funding September 2021
Quantum Machines raised $50.0M in a Series B round led by Red Dot Capital Partners with the participation of Exor, Claridge Israel, Samsung NEXT, Valor Equity Partners, Atreides Management LP, and joined by TLV Partners, Battery Ventures, 2i Ventures, and other existing investors. Quantum Machines develops…
The Shorts | 10/4/21 | Business and Industry in Quantum Computing
The rate at which quantum computing is hitting the media stream is ever-increasing. This piece is a collection of recent articles and reports covering various aspects of quantum computing from the lens of business and industry. Mea Cubitt
QC Ware’s Hyper-Focus on Practical Quantum Computing Nets $25M in Financing
Koch Disruptive Technologies, Covestro co-lead round to support growing demand for Forge quantum computing cloud service, as Fortune 1000 prepare for emerging quantum computing disruption
