PsiQuantum today announced a $10.8M contract with the Air Force Research Laboratory (AFRL) in Rome, N.Y., continuing a partnership that began in 2022. This phase will give AFRL a design space for comparative quantum circuits on PsiQuantum’s circuit tapeout, part of its ongoing Omega quantum chipset manufacturing with GlobalFoundries. As AFRL’s hardware design partner, PsiQuantum will supply its high-performance Barium Titanate (BTO) Electro-Optic phase shifters and integrate BTO into AFRL-designed optical circuits. PsiQuantum’s 300mm BTO material is believed to be the world’s highest-performing electro-switch material. The company will also provide essential quantum circuit components. Once designed, constructed, and screened for performance, the company will deliver these completed chips to AFRL, who will then validate their capabilities to address other Air Force use cases.

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.

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

In a milestone that brings quantum computing tangibly closer to large-scale practical use, scientists at Oxford University Physics have demonstrated the first instance of distributed quantum computing. Using a photonic network interface, they successfully linked two separate quantum processors to form a single, fully connected quantum computer, paving the way to tackling computational challenges previously out of reach. The results have been published today in Nature.

The “Photonic Technologies” call is now open for applications. NWO and the PhotonDelta Foundation want to further stimulate early-stage research on photonic technologies in this way. This will ultimately allow groundbreaking photonic materials, photonic chips, devices and systems to be delivered. A total of 7 million euro is financed by PhotonDelta.

Alice & Bob, a global frontrunner in the race for fault-tolerant quantum computing, today announced a raise of €100 million in its Series B funding round, led by Future French Champions (FFC), AVP (AXA Venture Partners) and Bpifrance. FFC is a partnership between QIA and Bpifrance.

Next-generation communications security tech company Q*Bird has made a significant step forward in quantum networking, with the creation of technology to allow multiple users to set up a quantum link simultaneously.

This week, the Dutch Ministry of Economic Affairs announced that the National Growth Fund plan PhotonDelta will contribute €53.8 million to the PIXEurope pilot line that will be built in the Netherlands.

The nation’s first State of Australian Quantum report reveals the depth and strength of our national quantum sector. The Albanese Government has committed billions in funding for quantum and broader critical technologies since the launch of the National Quantum Strategy just eighteen months ago. This significant government investment has been backed in by private capital, with over $179 million invested in Australian quantum companies over the same time period.