Today, IonQ announced that it has reached a definitive agreement with each of SK Telecom and ID Quantique (IDQ), a global leader in quantum safe networking and sensing headquartered in Geneva, Switzerland with offices in Seoul (South Korea), Vienna (Austria), and Boston (USA), to acquire a controlling stake in IDQ. Alongside the transaction, IonQ expects to enter into a strategic partnership focused on quantum with SK Telecom, the largest wireless telecommunications operator in South Korea.

Quantum Machines (QM), a leading provider of advanced quantum control solutions, today announced it has raised $170 million in Series C funding, bringing the company’s total funding to date to $280 million. The investment comes as the majority of quantum computing companies now rely on QM’s technology to build and scale their systems. The highly oversubscribed round was led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners, and existing investors, and marks one of the largest rounds of funding in the quantum industry.

Nu Quantum has launched the Quantum Data Centre Alliance (QDA) to bring together leading companies representing different layers of the quantum computing stack and create a forum on data centre-scale quantum computers. By collecting complimentary perspectives from across the ecosystem, the QDA presents an open community to discuss the opportunities and challenges on the road to building large, scalable, and robust quantum computing services.

The EQUSPACE consortium, led by the University of Jyväskylä, has been awarded 3.2 million euros from the European Innovation Council’s (EIC) Pathfinder Open funding programme to pioneer quantum technologies in silicon. The project brings together five partners from three EU countries to develop a new type of silicon quantum platform.

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.

Oxford Instruments NanoScience has installed three ProteoxMX dilution refrigerators at the National Quantum Computing Centre (NQCC), the UK's national lab for quantum computing at their Harwell Campus. The systems will be used by the NQCC’s research team, who are developing hardware architectures based on superconducting circuits.

Infleqtion, the world’s leading quantum information company, today announced the world’s first demonstration of a materials science application powered by logical qubits. Leveraging the NVIDIA CUDA-Q platform, the demonstration, conducted in collaboration with the University of Chicago and the University of Wisconsin, achieved a 6x boost in application-level computational accuracy. This marks a transformative step forward in quantum computing and showcasing the technology’s potential to tackle otherwise intractable computational challenges, such as the design of next-generation materials.

The National Reconstruction Fund Corporation (NRFC) has made a $13 million equity investment in Quantum Brilliance (QB), a diamond quantum technology company. The NRFC’s investment will be used by QB to create one of the world’s first foundries for quantum diamond devices. Quantum diamond devices are key components in emerging quantum computing and sensing technologies.

A collaboration between RIKEN, NTT, and Amplify Inc. has developed the world’s first general-purpose optical quantum computer, which is accessible through the cloud system and is designed to advance large-scale quantum calculations.

ID Quantique (IDQ) is proud to announce it is partnering with ORCA Computing, a leader in quantum computing, to incorporate IDQ’s breakthrough single-photon detection technology in ORCA’s newest PT-2 photonic quantum computing system.