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.

Delft, The Netherlands: Quantum Internet Alliance (QIA) researchers at TU Delft, QuTech, University of Innsbruck, INRIA and CNRS recently announced the creation of the first operating system designed for quantum networks: QNodeOS. The research, published in Nature, marks a major step forward in transforming quantum networking from a theoretical concept to a practical technology that could revolutionize the future of the internet.

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.

Today, Amazon Web Services (AWS) announced Ocelot, a new quantum computing chip that can reduce the costs of implementing quantum error correction by up to 90%, compared to current approaches. Developed by the team at the AWS Center for Quantum Computing at the California Institute of Technology, Ocelot represents a breakthrough in the pursuit to build fault-tolerant quantum computers capable of solving problems of commercial and scientific importance that are beyond the reach of today’s conventional computers.

Beginning in January 2025, users at the National Energy Research Scientific Computing Center (NERSC) at Lawrence Berkeley National Laboratory (Berkeley Lab) will be able to access IBM’s quantum computers over the cloud for their research, allowing users to take advantage of these next-generation systems for certain scientific applications.

SEEQC, the first company to create digital chips to power full-stack quantum computing systems that work with all quantum computing technologies – has raised $30 million to further accelerate the capabilities and commercial rollout of its chip platform. The round was led by NordicNinja and Booz Allen Ventures with participation from SIP Capital, alongside existing investors EQT Ventures, M-Ventures (Merck KGaA, Darmstadt, Germany) BlueYard Capital, FAM and Asset Management.

BlueQubit, a quantum software startup founded by Stanford alumni, has announced a $10 million Seed funding round led by Nyca Partners, with participation from Restive, Chaac Ventures, Presto Tech Horizons, NKM Capital, BigStory, Untapped Ventures, Formula VC, and Granatus. This investment will support BlueQubit’s mission to deliver practical quantum advantage, equipping enterprises to solve complex problems that are increasingly beyond the reach of classical computing.

The National Institute of Advanced Industrial Science and Technology (AIST) and IQM Quantum Computers (IQM), a global leader in superconducting quantum computers, have signed a Memorandum of Understanding (MOU) to strengthen collaboration for the industrialisation of quantum technology in Japan.

The U.S. National Science Foundation has launched six pilot projects to bridge scientific gaps between current quantum technological capabilities and those needed to fully harness quantum properties of energy and matter for practical uses. The six projects join five others that the agency announced in August. Collectively, they are supported by the NSF National Quantum Virtual Laboratory (NSF NQVL) initiative, an ambitious effort to accelerate the development of quantum technologies by providing researchers anywhere in the U.S. with access to specialized resources.

Today, IBM and Illinois Governor JB Pritzker announced a collaboration to establish the new National Quantum Algorithm Center in the Illinois Quantum and Microelectronics Park (IQMP) in Chicago.