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.

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.

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.

Newly opened National Quantum Computing Centre will be home to new quantum computers, designed to push the boundaries of what is possible with the technology.

HSBC announced today that it has successfully trialled the first application of quantum-secure technology for buying and selling tokenized physical gold. This achievement marks the latest step by HSBC in pioneering the protection of critical applications from potential future quantum computing attacks.

Toshiba Digital Solutions Corporation (Toshiba), the Toshiba Group company of digital and quantum technology businesses, alongside its strategic partner SpeQtral, a leading quantum communications technology company, have announced the signing of a memorandum of understanding (MOU) with ST Engineering, a global technology, defence and engineering group, to formalize their strategic alliance and strengthen their go-to-market strategy for quantum-secure communications solutions in Singapore and Southeast Asia.

The Monetary Authority of Singapore (MAS), DBS, HSBC, OCBC, UOB, SPTel and SpeQtral today signed a Memorandum of Understanding (MoU) to embark on quantum security collaboration and study the application of Quantum Key Distribution (QKD) [1] in financial services. QKD can help financial institutions (FIs) protect the exchange of cryptographic keys to address the cybersecurity threats posed by quantum computing.

Performance, scale, and enterprise-grade pillars further define IonQ’s unmatched and integrated approach to achieving commercial quantum advantage.

SpeQtral, SafeQuantum, Antaris and QTD Systems announce the establishment of a satellite Quantum Key Distribution (QKD) receiver node at the historic carrier hotel data center building, 60 Hudson Street in New York City. This strategic initiative aims to enable the secure establishment of quantum keys between Singapore, the United States and Europe, enabling quantum-safe communications that will safeguard global financial transactions.

IBM is taking a global leadership role in quantum-safe consortia. Here’s how that will help you build a sustainable quantum-safe future.