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Multiverse Computing Raises Oversubscribed €25 million Series A Investment Round to Advance Quantum and Quantum-Inspired Computing Software

Multiverse Computing Raises Oversubscribed €25 million Series A Investment Round to Advance Quantum and Quantum-Inspired Computing Software

March 9, 2025
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.

BlueQubit Secures $10M Seed Funding to Accelerate Quantum Advantage

BlueQubit Secures $10M Seed Funding to Accelerate Quantum Advantage

December 22, 2024
BlueQubit, a quantum software startup founded by Stanford alumni, has announced a $10 million Seed funding round led by Nyca Partners, with participation from Restive, Chaac Ventures, Presto Tech Horizons, NKM Capital, BigStory, Untapped Ventures, Formula VC, and Granatus. This investment will support BlueQubit’s mission to deliver practical quantum advantage, equipping enterprises to solve complex problems that are increasingly beyond the reach of classical computing.

IBM and State of Illinois to Build National Quantum Algorithm Center in Chicago With Universities and Industries

IBM and State of Illinois to Build National Quantum Algorithm Center in Chicago With Universities and Industries

December 14, 2024
Today, IBM and Illinois Governor JB Pritzker announced a collaboration to establish the new National Quantum Algorithm Center in the Illinois Quantum and Microelectronics Park (IQMP) in Chicago.

QunaSys Raises JPY 1.7 Billion in Series B2 Funding

QunaSys Raises JPY 1.7 Billion in Series B2 Funding

November 1, 2024
QunaSys, Inc. (Headquarters: Tokyo, Japan; CEO: Tennin Yan), a leader in quantum computing algorithms and software development, has successfully raised JPY 1.7 billion in Series B2 funding. The round was led by ­Mirai Creation Fund III managed by SPARX Asset Management Co., Ltd. (Headquarters: Tokyo, Japan; President & CEO: Shuhei Abe), with additional participation from funds managed or co-managed by JIC Venture Growth Investments (VGF I), Fujitsu Ventures (Fujitsu Ventures Fund LLC), Mitsubishi Electric (ME Innovation Fund), Osaka University Venture Capital (OUVC No.2 Fund), KDDI (KDDI Open Innovation Fund III), and Kyocera (KVIF-I), and Zeon. QunaSys has signed a new JPY 500 million commitment line agreement with Sumitomo Mitsui Banking Corporation, and has agreed with KDDI and Kyocera to pursue capital and business partnerships alongside this fundraising.

Lufthansa Is Collaborating With the Universität Hamburg to Develop Quantum Algorithms Aimed at Enhancing Airport Operational Efficiency

The Institute for Quantum Physics at Universität Hamburg is collaborating with Lufthansa Industry Solutions to develop quantum optimization algorithms aimed at enhancing airport operational efficiency, targeting the Airport Gate Assignment Problem (AGAP) faced by airports worldwide. They are researching a scalable quantum algorithm that takes into account all realistic boundary conditions at airports. Upon successful development, Lufthansa will become the first company in the world to leverage quantum computers to solve AGAP computational tasks.

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Danish Start-Up Kvantify Secures EUR 10 Million Seed Round to Unlock Quantum Computing Potential, Starting With Life Sciences

Danish Start-Up Kvantify Secures EUR 10 Million Seed Round to Unlock Quantum Computing Potential, Starting With Life Sciences

July 4, 2024
Kvantify, a leading quantum software start-up, has announced the successful closure of a EUR 10 million seed round. This funding will enable Kvantify to strengthen its position as a global leader in quantum computing, with an initial focus on developing applications for the life science sector.

Danish Quantum Software Start-Up Kvantify Secures EUR 10 Million Seed Round

Danish quantum software start-up Kvantify has completed a EUR 10 million seed round. The round was led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees, with participation from multiple institutions. Kvantify said that these funds will initially be used to develop quantum applications focused on the life sciences sector, as well as to boost the further development of quantum algorithms for chemical simulation.

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The Quantum Algorithms Institute Launches Centre for Responsible Quantum Innovation and Technology

The Quantum Algorithms Institute Launches Centre for Responsible Quantum Innovation and Technology

June 7, 2024
The new Centre for Responsible Quantum Innovation and Technology looks to foster a culture of responsible innovation across the quantum ecosystem in Canada and around the world.

BP and ORCA Computing Team Up to Explore Quantum-Powered Innovation in Computational Chemistry

Recently, researchers from BP and ORCA Computing have collaborated to explore using Generative Adversarial Network (GAN) to train a hybrid quantum/classical generator. This generator utilized a photonic quantum processor and a GPU to analyse a dataset of alkane molecules, enabling the creation of conformations with a specified energy. The researchers said that this method aims to generate low-energy conformations of small and medium size hydrocarbon molecules, potentially offering a potential solution to the computational hurdles faced in molecular exploration.

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