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.

Classiq Technologies has reported that its quantum circuit compression tools achieved up to 95% reduction in circuit depth for quantum Monte Carlo simulations in a financial modeling study with Sumitomo Corporation and Mizuho–DL Financial Technology. The project evaluated how Classiq’s platform could support more resource-efficient implementations of Monte Carlo methods used in credit risk analysis.

Quantum technology is evolving rapidly and is set to have a major impact on a wide range of industries. As advancements accelerate, businesses and policymakers must prepare for the implications on their sectors. However, many organizations are still in the early stages of understanding how quantum technology could affect their operations. To bridge this gap, the European Quantum Industry Consortium (QuIC) and Dutch National Quantum Program Quantum Delta NL are hosting Q-Expo on May 14-15, 2025, in Amsterdam. This large-scale, free event connects potential end-users of quantum technology with experts and pioneers in the field, offering a unique opportunity to gain knowledge and strengthen collaboration within the quantum ecosystem.

Pasqal, a global leader in neutral-atom quantum computing, announced yesterday the 15 finalists of “The Blaise Pascal Quantum Challenge: Combining Quantum AI for Sustainable Innovation” hackathon. Over the past eight weeks more than 800 participants from over 70 countries have collaborated with mentors from Pasqal’s technical expert team to develop solutions in the domains of transforming energy systems, maximizing resource efficiency, and accelerating sustainable innovation in healthcare. The finalists were announced on the second day of the AI Action Summit, in Paris, in partnership with the French government who named Pasqal’s hackathon a Convergence AI challenge.

Quantum Xchange announces its crypto discovery and quantum-safe deployment platform supports the Post-Quantum Cryptography (PQC) standard specifications announced today by the U.S. Department of Commerce’s National Institute for Standards and Technology (NIST).

Quantum Xchange delivering the future of encryption with crypto agility, visibility, and management solutions, today announced the latest release of CipherInsights, the company’s network monitoring, crypto-discovery and risk assessment tool.

Using mathematical concepts first developed for highly specialized calculations in quantum physics and quantum information science, Zapata AI has implemented an innovative alternative to Monte Carlo simulations that dramatically reduces the time required to run these crucial calculations, while reducing their costs as well. In some scenarios, we’ve demonstrated that our method can provide a speed up of over 8,000x the time it takes to run a comparable Monte Carlo simulation using traditional techniques on the same computational hardware.