QunaSys Raises JPY 1.7 Billion in Series B2 Funding
QunaSys Raises JPY 1.7 Billion in Series B2 Funding
QunaSys, Inc. (Headquarters: Tokyo, Japan; CEO: Tennin Yan), a leader in quantum computing algorithms and software development, has successfully raised JPY 1.7 billion in Series B2 funding. The round was led by Mirai Creation Fund III managed by SPARX Asset Management Co., Ltd. (Headquarters: Tokyo, Japan; President & CEO: Shuhei Abe), with additional participation from funds managed or co-managed by JIC Venture Growth Investments (VGF I), Fujitsu Ventures (Fujitsu Ventures Fund LLC), Mitsubishi Electric (ME Innovation Fund), Osaka University Venture Capital (OUVC No.2 Fund), KDDI (KDDI Open Innovation Fund III), and Kyocera (KVIF-I), and Zeon. QunaSys has signed a new JPY 500 million commitment line agreement with Sumitomo Mitsui Banking Corporation, and has agreed with KDDI and Kyocera to pursue capital and business partnerships alongside this fundraising.
The Defense Advanced Research Projects Agency (DARPA) Has Launched New Quantum Benchmarking Initiative
The Defense Advanced Research Projects Agency (DARPA) recently announced that it has begun a new initiative to benchmark quantum computing algorithms and applications and assess the feasibility of building an industrial quantum computer. This Quantum Benchmarking Initiative (QBI) stemmed from two of the agency’s programs: Quantum Benchmarking and Underexplored Systems for Utility-Scale Quantum Computing.
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Rigetti Wins Innovate UK Competition to Deliver a 24-qubit Quantum Computing System to the NQCC
Rigetti Wins Innovate UK Competition to Deliver a 24-qubit Quantum Computing System to the NQCC
The proposed 24-qubit quantum computing system will be based on Rigetti’s fourth generation Ankaa™-class architecture and will be made available to NQCC researchers for testing, benchmarking, and exploratory applications development.
QunaSys Secures the Innovation Fund Denmark’s Grant for Quantum Chemistry Breakthroughs
QunaSys Secures the Innovation Fund Denmark’s Grant for Quantum Chemistry Breakthroughs
QunaSys is proud to announce that it has been awarded funding from the Innovation Fund Denmark as part of the HyperTenQ project, an initiative aimed at advancing quantum computing for chemistry. With an investment of DKK 19 million, this prestigious grant recognizes QunaSys’s leadership in quantum computing and its potential to transform materials science, drug discovery, and sustainable technologies.
IonQ Announces Fourth Quarter and Full Year 2024 Financial Results
IonQ Announces Fourth Quarter and Full Year 2024 Financial Results
IonQ, a leader in the quantum computing and networking industries, today announced financial results for the quarter and full year ended December 31, 2024.
araQne: Welinq's Compiler for Distributed Quantum Computing
araQne: Welinq's Compiler for Distributed Quantum Computing
Welinq, a leading company in modular quantum computing and quantum networking, has achieved a significant milestone with the release of araQne, its first compiler designed for distributed quantum computing.
Quanscient Launches Quanscient Allsolve on AWS Batch
Quanscient Launches Quanscient Allsolve on AWS Batch
Quanscient, a startup based in Tampere, Finland and founded in 2021, is launching Quanscient Allsolve, a cloud-native B2B software-as-a-service (SaaS) multiphysics simulation platform utilizing the cloud computing power of AWS to accelerate the speed of physics simulations by over 100x.
Photon Qubits Challenge AI, Enabling More Accurate Quantum Computing Without Error-Correction Techniques
Photon Qubits Challenge AI, Enabling More Accurate Quantum Computing Without Error-Correction Techniques
Dr. Hyang-Tag Lim's research team at the Center for Quantum Technology at the Korea Institute of Science and Technology (KIST) has implemented a quantum computing algorithm that can estimate interatomic bond distances and ground state energies with chemical accuracy using fewer resources than conventional methods, and has succeeded in performing accurate calculations without the need for additional quantum error mitigation techniques.
Altair and Technical University of Munich Discover Breakthrough in Quantum Computing for Computational Fluid Dynamics
Altair and Technical University of Munich Discover Breakthrough in Quantum Computing for Computational Fluid Dynamics
Altair (Nasdaq: ALTR), a global leader in computational intelligence, and researchers from the Technical University of Munich have made a major breakthrough in the field of quantum computing for computational fluid dynamics (CFD). The breakthrough, published in the journal Computer Physics Communications, presents runnable code for quantum computers and quantum simulators that overcomes several key challenges of the quantum computing implementation of the Lattice-Boltzmann Method.
Kipu Quantum and QCentroid Partner to Drive Quantum Computing From Bizkaia to Spain and the World
Kipu Quantum and QCentroid Partner to Drive Quantum Computing From Bizkaia to Spain and the World
Kipu Quantum, the leading developer of novel hardware- and application-specific quantum computing algorithms, and QCentroid, a leading Quantum-as-a-Service (QaaS) provider, are pleased to announce their strategic partnership to advance quantum computing projects from Bizkaia to Spain, Latin America, and beyond.