SandboxAQ today announced a round of more than $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. The funding round valued the company at $5.3 billion on a pre-money basis.

Researchers at the Max Planck Institute of Quantum Optics (MPQ), in collaboration with the chemicals company Covestro, have developed a new method for simulating chemical models using fermionic quantum simulators. The key advantage: The energetic states prepared in the lab obey the same laws as the electrons in molecules – which directly align with the molecular behaviour being simulated. By successfully mapping quantum chemistry algorithms onto their fermionic quantum simulator, the team has taken a significant step towards leveraging quantum computing for fundamental questions in chemistry.

Researchers at Tohoku University, the University of Manchester, and Osaka University have made a breakthrough that has the potential to ignite the development of next-gen chiral information technology.

South Korean quantum computing startup OQT announced on the 13th that it has secured a seed investment of approximately $2.25 million (KRW 3 billion) from Kakao Ventures and Bluepoint Partners.

Quantistry, a Berlin-based company shaping the future of materials powered by AI and Quantum, will collaborate with the multinational aerospace corporation Airbus on a joint R&D project. Quantistry and Airbus will be working together over the course of 24 months, leveraging their respective strengths to successfully complete the project.

QphoX B.V., a Dutch quantum technology startup that is developing leading frequency conversion systems for quantum applications, Rigetti Computing, Inc., a pioneer in full-stack quantum-classical computing, and Qblox, a leading innovator in quantum control stack development, today announced that their joint research demonstrating the ability to readout superconducting qubits with an optical transducer was published in Nature Physics.

Rice University physicist Emilia Morosan is part of an international research collaboration that has been awarded multimillion-dollar funding from The Kavli Foundation to develop and test next-generation superconductors through artificial intelligence and quantum geometry. This global initiative, spearheaded by Päivi Törmä of Aalto University in Finland, seeks to push the boundaries of quantum materials science and superconductivity.

A team of researchers theoretically obtain, for the first time, certifiable bounds on many-body ground-state properties beyond the energy with competitive performance. The resulting method is general and scalable.

Material scientists from the University of British Columbia Stewart Blusson Quantum Matter Institute (Blusson QMI) will lead the development of a multi-million world-class crystal growth facility thanks to $5.8 million in investments by the Canada Foundation for Innovation (CFI) and the B.C. Knowledge Development Fund (BCKDF) announced today.

SemiQon, a Finland-based startup specializing in silicon-based quantum processors, has announced it has successfully manufactured and pre-tested a 4-qubit quantum dot array from the first production run at its manufacturing facility in Espoo, Finland. The new chips are now shipping to strategic partners around the world as a toolkit for further research and development. The aim is to help make building stable logical qubits easier and faster to accelerate the use of quantum computing for complex problems.