Alice & Bob, a leading hardware developer in the race to fault tolerant quantum computers, and academic partners ENS de Lyon and Mines Paris – PSL, proudly announced the receipt of a €16.5 million ($17.8 million USD) innovation grant, a France 2030 initiative operated on behalf of the French state by Bpifrance, France’s public investment bank.

Southampton has been awarded millions of pounds to launch two research centres that will work to develop the future of quantum computing and boost UK defence expertise.

QuantumeMotion Corp. , is thrilled to share that it has successfullycompleted a non-brokered private placement, issuing a total of 15,000,000 unitsat a price of $0.05 per unit. This has resulted in gross proceeds of $750,000,thanks to the involvement of several strategic investors who bring considerablevalue to QeM's cyber security efforts.

QANplatform’s quantum-resistant technology has been adopted by the first European country, according to a March 14 press release shared with Cointelegraph.QANplatform’s technology is used to protect against quantum computing attacks on government-owned cybersecurity infrastructure. The quantum-resistant blockchain enables developers to build smart contracts and applications that are resistant to quantum attacks.

Material scientists from the University of British Columbia Stewart Blusson Quantum Matter Institute (Blusson QMI) will lead the development of a multi-million world-class crystal growth facility thanks to $5.8 million in investments by the Canada Foundation for Innovation (CFI) and the B.C. Knowledge Development Fund (BCKDF) announced today.

March 12, 2024 -- From batteries and semiconductors to energy storage, the transition to green technologies requires the development of new, sustainable materials at an unprecedented pace. German startup Quantistry believes it can fast-track the discovery of such materials using a mix of quantum tech, physics-based simulations, and machine learning. By automating the process, it looks to sidestep the “high costs, fragmented expertise, and slow innovation” inherent to classical R&D. Quantistry has developed a cloud-based platform powered by small-scale quantum computers and AI, that allows users to determine material and molecular properties in simulation, rather than in real-life. This removes much of the trial and error in material discovery, enabling companies to focus on developing those materials with the most promise from the outset. In a vote of confidence for the budding company, it has just bagged €3mn in funding, which includes backing from Chemovator, the business incubator of German chemical giant BASF. The investment round is led by Ananda Impact Ventures, one of the oldest and most established European impact funds. Quantistry will use the cash to further develop its simulation platform and secure new customers. Marcel Quennet, CEO of Berlin-based Quantistry, said the company isn’t just looking to speed up industrial R&D, but also make it more accessible to companies who may not have the budget for more traditional, labour-intensive methods. “It’s clear: simulations not only transform the industrial R&D landscape but also steer it towards a greener future — yet, they remain out of reach for many. Together, we’re democratising this technology, shaping the future of chemical R&D and materials science,” said the co-founder, who holds a PhD in Quantum Chemistry. Quantistry’s new funding round comes amid a surge in AI investment, as companies tap machines to accelerate the development of everything from medical treatments to fusion energy. The German startup isn’t the only one using AI to speed up material discoveries either. Google DeepMind recently unveiled a deep learning tool that predicted the structure of over 2.2 million crystalline materials — 45 times more than the number discovered in the entire history of science. Quantistry was founded in 2019 by Quennet and co-founders Arturo Robertazzi, computational chemist and science communicator, and Stefan Kupferberg, finance expert and serial entrepreneur.

Vescent, the leader in Quantum 2.0 Technologies Enabling Commercialization, has closed a $5 million Series Seed funding round led by Corporate Fuel, with additional participation from Caruso Ventures.

The leading European QKD manufacturer, LuxQuanta, emerges as one of the winners among the 42 selected companies of the highly competitive European Innovation Council (EIC) Accelerator program.

Maybell Quantum (“Maybell”), the quantum infrastructure company, has closed a $25 million funding round led by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing. This investment marks the start of a pivotal chapter in Maybell’s development.

Russia scientists told the country’s media service that the team has successfully developed a 20-qubit quantum computer and have plans to up the qubit number to “50 to 100” qubits. The news reveals the country’s ongoing advancements in this cutting-edge field.