IonQ, a leader in the quantum computing and networking industry, today announced the completion of its acquisition of substantially all of the assets of Qubitekk, Inc., a prominent quantum networking company. The acquisition brings Qubitekk’s esteemed team, advanced technology, and extensive patent portfolio into IonQ’s operations, solidifying IonQ’s position at the forefront of quantum networking and computing.

Qolab, Inc. a leader in superconducting quantum computing, announced today that it secured over $16.0 million to date in its Series A financing round, led by Octave Ventures with co-investment from the Development Bank of Japan Inc. (DBJ), Wisconsin Alumni Research Foundation (WARF), and Phoenix Venture Partners. This investment represents a significant step in Qolab’s mission to develop utility-scale quantum computing technology by advancing scalability in quantum systems.

MITRE and Montana State University (MSU) are conducting joint research that includes pursuing alternative domestic sources to the rare earth elements used today in developing quantum technology applications. MITRE and Montana State University (MSU) are conducting joint research that includes pursuing alternative domestic sources to the rare earth elements used today in developing quantum technology applications.

POSTECH held the opening ceremony for the Graduate School of Quantum Science and Technology (Principal Professor Yoon-Ho Kim of POSTECH) on October 31 at the POSCO International Center.

BosonQ Psi (BQP), a pioneer in quantum-inspired simulation technology, announced the successful closure of a $3+ million Seed-I funding round, taking the total funding to $4.7Mn. The investment was led by Monta Vista Capital, with participation from Emergent Ventures, Armory Square Ventures, Alumni Ventures, and Paradigm Shift Capital.

Quantum Computing Inc. (“QCi” or the “Company”), an innovative, integrated photonics and quantum optics technology company, today announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 1,540,000 shares of common stock at a purchase price of $5.00 per share, pursuant to a registered direct offering. In a concurrent private placement, the Company entered into securities purchase agreements for the purchase and sale of an additional 8,460,000 shares of its common stock at the same price. The offerings are expected to result in aggregate gross proceeds of $50 million, before deducting offering expenses. The closing of the offerings is expected to occur on or about December 12, 2024, subject to the satisfaction of customary closing conditions.

Multiverse Computing, a global leader in value-based quantum and quantum-inspired AI software solutions, today announced an investment from the largest Italian investor in venture capital CDP Venture Capital Sgr, as part of the company’s Series A round. The investment was carried out through two compartments of the Corporate Partners I fund, ServiceTech and Energytech, a corporate venture capital fund participated by some of the main Italian corporates as limited partners, including Baker Hughes, BNL BNP Paribas, Edison, GPI, Italgas, Snam and Terna Forward. Financial details of the investment were not disclosed.

Quantum computer manufacturing specialist SDT, announced that it has successfully raised KRW 20 billion (USD 14 million) in a pre-IPO funding round. This achievement marks a significant milestone as the company accelerates its plans to become Korea’s first publicly listed quantum technology firm by the second half of 2025.

Quantum eMotion Corp. (“QeM” or the “Corporation”), is pleased to announce that it has closed a non-brokered private placement by issuing a total of 7,500,000 units (the “Units”) at $0.10 per Unit, for a total gross proceed of $750,000 to several strategic investors who add significant value to the Corporation’s cybersecurity initiatives.

Fortanix Inc., a leader in data-first cybersecurity and pioneer of Confidential Computing, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider, today announced a partnership. Under the agreement, Carahsoft will serve as Fortanix’s Public Sector distributor, making the company’s solutions available to the Public Sector through Carahsoft’s reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V and National Association of State Procurement Officials (NASPO) ValuePoint.