Sparrow Quantum, a leading European supplier of photonic quantum chips, has secured €21.5 million in Series A funding to accelerate the development and commercialization of its world-leading quantum chip technology. The investment round was led by PensionDanmark, with strong backing from EIFO and Novo Holdings and additional investments from existing investors 2xN, LIFTT, and the European Innovation Council. This investment will enable Sparrow Quantum to meet the growing demand for photonic quantum hardware by accelerating R&D, expanding chip production, and bringing next-generation quantum chips to market.

SandboxAQ, a global leader in enterprise quantitative AI, announced the addition of Ray Dalio, Horizon Kinetics, BNP Paribas, Google, and NVIDIA to its Series E funding round, which raised over $450 million. The investments underscore the confidence in SandboxAQ’s vision and the transformative power of its Large Quantitative Models (LQMs), which are redefining how enterprises leverage AI to tackle complex scientific and quantitative challenges.

Welinq, a leader in quantum networking technology, has launched the first commercial quantum memory designed specifically for quantum data centers with world-record performance. Quantum computing is reaching a turning point: with more than 100 individual quantum computers deployed in dedicated infrastructures, the next challenge is networking them into scalable, high-performance architectures.

Equal1 today unveils Bell-1, the first quantum system purpose-built for the HPC era. Unlike first-generation quantum computers that demand dedicated rooms, infrastructure, and complex cooling systems, Bell-1 is designed for direct deployment in HPC-class environments. As a rack-mountable quantum node, it integrates directly alongside classical compute—as compact as a GPU server, yet exponentially more powerful for the world’s hardest problems. Bell-1 is engineered to eliminate the traditional barriers of cost, infrastructure, and complexity, setting a new benchmark for scalable quantum computing integration.

D-Wave Quantum Inc.(“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced a scientific breakthrough published in the esteemed journal Science, confirming that its annealing quantum computer outperformed one of the world’s most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials discovery. The new landmark peer-reviewed paper, “Beyond-Classical Computation in Quantum Simulation,” validates this achievement as the world’s first and only demonstration of quantum computational supremacy on a useful problem.

Multiverse Computing, a global leader in value-based quantum and quantum-inspired computing solutions and the largest quantum software company in the European Union, today announced it has secured a €25M (USD $27.1 million) oversubscribed investment round.

QuantWare, the quantum computing company building technology to create the world’s most powerful quantum processors, has raised a €20 million Series A round.

PsiQuantum today announces Omega, a quantum photonic chipset purpose-built for utility-scale quantum computing. Featured in a newly published paper in Nature, the chipset contains all the advanced components required to build million-qubit-scale quantum computers and deliver on the profoundly world-changing promise of this technology. Every photonic component is demonstrated with beyond-state-of-the-art performance. The paper shows high-fidelity qubit operations, and a simple, long-range chip-to-chip qubit interconnect – a key enabler to scale that has remained challenging for other technologies. The chips are made in a high-volume semiconductor fab, representing a new level of technical maturity and scale in a field that is often thought of as being confined to research labs. PsiQuantum will break ground this year on two datacenter-sized Quantum Compute Centers in Brisbane, Australia and Chicago, Illinois.

Bluefors, the world leading manufacturer of cryogenic measurement systems for quantum technology, today announced the opening of a new lab facility in Chicago. The facility will be used to provide the Bluefors Lab service, bringing the service into the United States for the first time. Bluefors Lab provides startups, research groups, and other organizations easy and convenient access to a cryogenic measurement system with a service-based model.

Today, IonQ announced that it has reached a definitive agreement with each of SK Telecom and ID Quantique (IDQ), a global leader in quantum safe networking and sensing headquartered in Geneva, Switzerland with offices in Seoul (South Korea), Vienna (Austria), and Boston (USA), to acquire a controlling stake in IDQ. Alongside the transaction, IonQ expects to enter into a strategic partnership focused on quantum with SK Telecom, the largest wireless telecommunications operator in South Korea.