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.

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

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.

Horizon Quantum Computing Pte. Ltd. (“Horizon Quantum”), developer of advanced software development tools for quantum computers, and dMY Squared Technology Group, Inc. (“dMY”), a publicly traded special purpose acquisition company led by Harry You, jointly announced today that they have entered into a non-binding letter of intent (“LOI”) for a business combination. The combined company is expected to be publicly listed.

Quantum Machines (QM), a leading provider of advanced quantum control solutions, today announced it has raised $170 million in Series C funding, bringing the company’s total funding to date to $280 million. The investment comes as the majority of quantum computing companies now rely on QM’s technology to build and scale their systems. The highly oversubscribed round was led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners, and existing investors, and marks one of the largest rounds of funding in the quantum industry.

planqc has been selected to lead a €20 million project to build and deploy a 1,000-qubit quantum computer at the Leibniz Supercomputing Centre (LRZ) in Garching near Munich. This advanced quantum computer, based on neutral atoms, will be integrated into LRZ’s high-performance computing (HPC) infrastructure, serving as an accelerator for scientific research and towards industrial applications.

UK quantum technology company Aquark Technologies, in partnership with the Office of the Chief of Technology Officer (OCTO) for the Royal Navy, successfully demonstrated the capabilities of its novel cold atom technology on the Royal Navy’s HMS Pursuer vessel. The successful trial proves the robustness of Aquark’s technology for operation in demanding military conditions, unlocking new possibilities in areas such as covert monitoring that require precise signals for accurate positioning, navigation and timing.

Lightmatter today announced it has raised a $400 million Series D, valuing the company at $4.4 billion and bringing the total capital raised to date to $850 million.

Oxford Ionics, a world leader in trapped-ion quantum computing, today announced that it has won a contract, alongside Infineon Technologies AG, to build a state-of-the-art portable quantum computer for Agentur für Innovation in der Cybersicherheit GmbH, or 'Cyberagentur'. Oxford Ionics and Infineon are one of three independent contractors selected by Cyberagentur, who is investing a total of €35M into the project.

Advancing Quantum Computing with practical near-term solutions via the Cloud QuiX Quantum, the European leader in photonic quantum computing hardware, is proud to announce the launch of Bia Quantum Cloud Computing Service, its first Quantum as a Service (QaaS) platform for quantum and hybrid computing.