Atom Computing

The Evolving Quantum Computing Ecosystem (Part 7 of 8)

The seventh part of an eight part-series by Mr. Russ Fein, founder of The Quantum Leap. In this work Russ discusses the quantum computing ecosystem which is taking form. Covering quantum computing applications to quantum computing hardware providers, Russ provides a firm base to understand the quantum computing industry. The Quantum Leap is an up-and-coming blog journaling the race to quantum supremacy. Read the series here at The Qubit Report or find the complete series and more at, Quantumtech.blog. Because Quantum is Coming. Qubit

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Atom Computing Brings Two Heavy-Hitters Onto Their Team, Each With A Fierce Belief in the Power of Quantum Computing

— Atom Computing, a quantum computing start-up obsessed with helping companies and researchers reach their next big breakthrough, today announces two new quantum veterans joining, Denise Ruffner as Chief Business Officer and Justin Ging as Chief Product Officer. Denise and Justin round out Atom Computing’s leadership team of technical and industry experts including CEO Rob Hays, Founder & CTO Ben Bloom, Co-Founder & Chief Scientist Jonathan King, Chief Control Systems Engineer Robin Coxe, and Marketing Communications Director Ashley Kusowski. Together, they will drive the company’s commercialization of Phoenix, a 100-qubit quantum system, and quantum solutions roadmap.

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Startup Funding: July 2021

Quantum computing… PsiQuantum raised $450.0M in Series D funding led by BlackRock and joined by Baillie Gifford, M12, Blackbird Ventures, and Temasek. With the goal of providing a fault tolerant quantum computer of at least 1 million qubits, the startup is building an entire quantum computing stack, from the photonic and electronic chips, through packaging and control electronics, cryogenic systems, quantum architecture and fault tolerance, to quantum applications. Alongside GlobalFoundries, PsiQuantum has begun manufacturing of the silicon photonic and electronic chips that will form the basis of its Q1 system. Founded in 2016 and based in Palo Alto, Calif., it has raised $665M to date.
Atom Computing drew $15.0M in Series A investment from Innovation Endeavors, Prelude Ventures, and Venrock. The startup’s focus is nuclear-spin qubits based on an alkaline earth element. Atom Computing also debuted its first system, which traps 100 atoms in a vacuum chamber with optical tweezers and rearranges and manipulates their quantum states with lasers. Based in Berkeley, Calif., and founded in 2018, it has raised $20M to date.
Q-CTRL received a $3.5M grant from the Australian government’s Modern Manufacturing Initiative. Q-CTRL has developed quantum-based gravity and magnetic field sensors that can detect and measure extremely small signals. The funding will be applied to the development of quantum hardware for measuring Earth’s magnetic field from small-form satellites. The startup also provides quantum control software. Based in Sydney, Australia, it was founded in 2017.
QuantWare drew €1.2M (~$1.4M) in a pre-seed round from FORWARD.one Venture Capital, Quantum Delta, Rabobank, and UNIIQ. It also announced its first commercially-available superconducting processor for quantum computers. The 5-qubit QPU is targeted at research institutions and universities, and the company said it has 99.9% single-qubit gate fidelities for manageable error rates. The startup is also developing a low-noise traveling wave parametric amplifier and plans to use the funding for hiring and pushing to processors with more qubits. Founded in 2020, it is based in Delft, the Netherlands.

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