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.

Finnish technology company Quanscient, a leader in cloud-based multiphysics simulation technology and quantum algorithms, announces today its new growth funding of €5.2 million. The round was led by prominent Nordic early-stage venture capital firm Crowberry Capital and joined by Speen Holding with follow-on investments from Finnish early-stage venture capital investors Maki.vc and First Fellow. The new funding will enable Quanscient to bring engineering simulations into the quantum era.

Keysight Technologies, Inc. introduces Quantum Circuit Simulation (Quantum Ckt Sim), an innovative circuit design environment that speeds up the development of intricate quantum circuits. In addition, by joining forces with Google Quantum AI, the solution incorporates advanced flux quantization which marks an industry-first achievement.

BQP, a startup leading the development of quantum-based engineering simulations, today announced a significant research milestone for simulating Computational Fluid Dynamics (CFD). The milestone was achieved using a hybrid quantum-classical solver, which is part of BQP’s next-gen simulation platform, BQPhy.

Terra Quantum, in collaboration with Evonik, one of the world's leading specialty chemical manufacturers, developed HQPINN, a hybrid quantum-classical solver for Computational Fluid Dynamics (CFD), demonstrating a 21% improvement in accuracy over purely classical methods.

In a new paper in Science Advances on May 29, researchers at JPMorgan Chase, the U.S. Department of Energy’s (DOE) Argonne National Laboratory and Quantinuum have demonstrated clear evidence of a quantum algorithmic speedup for the quantum approximate optimization algorithm (QAOA).

In a groundbreaking advancement for computational drug discovery, Danish quantum company Kvantify is proud to announce the launch of its first product, Kvantify Koffee, today. This innovative product aims to complement and reduce costly and time-consuming laboratory experiments by calculating a critical parameter in screening and selecting new drug candidates: Unbinding Kinetics. Kvantify Koffee adds value using classical computers today and is poised to offer even greater value as quantum computer hardware matures.

In the ever-evolving landscape of technology, a groundbreaking advance has emerged, poised to reshape the way we approach problem solving. The TitanQ platform, a Quantum-Inspired solution , is set to revolutionize computational capabilities, offering unparalleled speed, ease of integration, and environmental sustainability.

The Australian Army has improved its convoy logistics thanks to a quantum route optimization demonstration by quantum control engineering company Q-CTRL.