The University of Sussex has announced that it will join the quantum race. It will make Universal Quantum it’s latest spin-out company, giving them a solid foothold in the industry. The tech company is led by quantum computing experts and native scientists Prof. Winfried Hensinger and Dr. Sebastian Weidt. Building the world’s first large-scale quantum computer is the goal in Universal Quantum’s sights.
M Squared recently announced that it has received £32.5 million from backers to support its growth and to develop new technologies.
Zapata Computing Inc. today announced that it has raised $38 million in Series B funding, up to a total of $64 million. This round was led by Comcast Ventures, Pintango, and Prelude Ventures. Other Series A investors were also involved. These include BASP Venture Capital, Robert Bosch Venture Capital, and The Engine Accelerator Fund. New investors that joined for the first time are Ahren Innovation Capital, Alumni Ventures Group, Honeywell Venture Capital, ITOCHU Corporation, and Merck Global Health Innovation Fund. The investors all have faith in Zapata’s promise to bolster efforts to commercialize quantum computing. Zapata also shows how much it has progressed since last year’s Series A funding.
IQM has managed to raise a total of €71 million after it recently raised €39 million in Series A funding. This will allow the superconducting quantum computer manufacturer to become a leader in European quantum computing. Within a year, this round of fundraising is the highest among all European deep-tech startups.
DISCOVERY, the largest industry-led quantum computing project in the UK, was announced by nine major organisations. It is a £10 million programme to address commercial quantum computing and what makes it unfeasible now. UK Quantum Technologies Challenge, led by UK Research and Innovation, is partially funding the programme.
On October 27, VentureIsrael launched a new capital venture fund which is directed at Israel-based technology startups. The investment strategy is aimed at technology companies with experience, flexible business strategy, and most importantly an advantage in their field.
The last earnings review for Intel was not kind. The sale of its memory business contributed to a massive decline of around 11% in its share price. Seemingly out-smarted by the the likes of AMD and NVIDIA, the chip maker seems to have fallen foul of Wall Street. But could the company which is the only chip maker that conducts research in Quantum Computing be one of the most under-valued ‘Quantum’ companies?
Nu Quantum, a quantum photonics company, managed to raise £2.1 million in seed funding when Amadeus Capital Partners led an investment round. Four other companies, Ahren Innovation Capital, IQ Capital, Cambridge Enterprise, and Martlet Capital, also invested in Nu Quantum following the latter’s pre-seed investment round last September. Seraphim Capital is a newcomer to investing […]
The NExt ApplicationS of Quantum Computing (NEASQC) project in France will bring together a large group of experts from different industries and fields. These include experts in quantum computing, high-performance computing, AI, chemistry, and energy management. NEASQC intends to show that while completely fault-tolerant quantum computing with millions of qubits is still not available today, there remain practical uses for the NISQ (Noisy Intermediate- Scale Quantum) systems that will be available soon. NISQ computing has some advantages when running select applications, which can bring significant benefits to users such as those in industries.
IQM recently revealed their new breakthrough. Its new high-speed nanoscale radiation detector is now on par with the most powerful quantum computer readers available. The research for the detector was carried out at Aalto University and VTT Technical Research Centre of Finland by many of IQM’s present employees.