Startup Funding for August 2020
Startup Funding: August 2020 Selected notes ~ + Quantum computer builder Rigetti Computing raised $79.0M in Series C funding led by Bessemer Venture Partners and joined by Franklin Templeton, Alumni Ventures Group, Data Collective DCVC, EDBI, Morpheus Ventures, and Northgate Capital. Rigetti designs and fabricates quantum systems using its dedicated fab. + Quantum Brilliance raised […]
World First: Cloud-Based Photonic Quantum Computer
World First: Cloud-Based Photonic Quantum Computer Xanadu Releases World’s First Photonic Quantum Computer in the Cloud Xanadu Quantum Cloud offers access to 8 and 12 qubit processors using photonics, the most viable path to large scale fault tolerance Xanadu, the leader in photonic quantum computing, announced today [September 2, 2020] the release of the world’s […]
U.K. Reels in Rigetti to Enable World’s First Quantum-Ready Economy
U.K. Reels in Rigetti to Enable World’s First Quantum-Ready Economy Government backs UK’s first quantum computer Press release… The UK’s first commercially available quantum computer to be hosted in Abingdon, backed by £10 million government and industry investment Quantum computers could help solve issues including accelerating new drug treatments and improving traffic flow in cities […]
Indian, Russian Organizations to Collaborate on Hybrid Quantum Computing
Indian, Russian Organizations to Collaborate on Hybrid Quantum Computing Key take away here is the collaboration between India and Russia on quantum computing. The exchange of cryogenic technology from Russia to India should raise some questions as to what Russia hopes to gain, really. Because Quantum is Coming. Qubit IIT Alumni Council to build world’s […]
AFRL Awards Seeqc $150K for Quantum Computing Development
AFRL Awards Seeqc $150K for Quantum Computing Development Seeqc Selected for $150,000 Phase I Award by Air Force Research Laboratory Press release… ELMSFORD, N.Y. –August 27, 2020– Seeqc, the Digital Quantum Computing company, today announced that it has been selected as one of 23 companies to each receive a $150,000 Small Business Technology Transfer (STTR) […]
What’s Your Quantum Computing Strategy?
What’s Your Quantum Computing Strategy? IBM’s Customers Show Us Why It’s Important To Build A Quantum Computing Strategy Today Key points… + Quantum is exciting because it forces people to move beyond the old notions of how to accomplish various computing tasks. Putting aside the old allows breakthrough thinking, which is essential for companies to […]
Brookhaven National Laboratory’s Goal to Achieve Quantum Advantage in Many Fields
Brookhaven Lab to Lead Quantum Research Center Led by Brookhaven Lab, the Co-design Center for Quantum Advantage seeks to reach quantum advantage—the point where a quantum computer outperforms a classical one on a useful task—in scientific computations by simultaneously designing hardware and software. The U.S. Department of Energy (DOE) Office of Science has selected Brookhaven […]
Argonne Put in the Driver’s Seat for Q-NEXT Quantum Center
Department of Energy selects Argonne to lead national quantum center [On August 26th, 2020], the White House Office of Science and Technology Policy and the U.S. Department of Energy (DOE) announced the creation of five new Quantum Information Science Research Centers led by DOE National Laboratories across the country. One of the national centers, Q-NEXT, […]
The Five National Quantum Information Science Centers are a Big Deal and Here’s Why
Why Five New National Quantum Information Science Centers Are a Huge Deal Read More… + DOE has established five new quantum information science centers at its national labs with funding of over $965 million, including $625 million in authorized funding from the DOE over five years, and over $340 million from the center participants. Why […]
Is Baidu Searching for Your Intellectual Property?
Baidu is Searching for Quantum AI Advantage Read More… + Baidu, China’s leading search engine and AI powerhouse, recently announced Paddle Quantum, a quantum machine learning development toolkit. This was the latest in a series of steps Baidu has taken to marry quantum computing with AI since establishing its Institute for Quantum Computing in 2018. […]