Kipu Quantum and PASQAL have announced a two-year research and development agreement to optimize quantum algorithmic function and expedite quantum benefits for enterprise. Kipu Quantum has developed a first-of-its-kind algorithmic compression technology that reduces the length of quantum algorithms, making them more suitable for near-term quantum computing hardware. PASQAL, which has raised €140 million in financing, is on track to deliver a 1,000 qubit quantum computer by 2024, aiming to provide major commercial advantages over classical computers. The collaboration will focus on bringing Kipu’s compression technology to PASQAL’s quantum hardware and developing highly competitive quantum computing performance.
Introduction
Kipu Quantum has partnered with PASQAL, a leader in neutral atoms quantum computing, to optimise quantum algorithmic function and accelerate quantum benefits for businesses. Kipu Quantum has developed a unique algorithmic compression technology that reduces the length of quantum algorithms, making them more suitable for near-term quantum computing hardware. PASQAL, co-founded by Nobel Prize winner Alain Aspect, is working on a 1,000 qubit quantum computer, which could offer significant commercial advantages over classical computers by 2024. The collaboration aims to bring Kipu’s compression technology to PASQAL’s hardware and develop competitive quantum computing performance.
Kipu Quantum and PASQAL Announce Research Partnership
Kipu Quantum GMBH, a German startup focused on developing hardware-specific algorithms, has announced a two-year research and development agreement with PASQAL, a company specializing in neutral atoms quantum computing. The partnership aims to optimize quantum algorithmic function and expedite quantum benefits for enterprise.
Kipu Quantum has created a first-of-its-kind algorithmic compression technology that reduces the length of quantum algorithms, making them more suitable for near-term quantum computing hardware. PASQAL, on the other hand, has developed technology based on the Nobel Prize-winning research of company co-founder Alain Aspect and is on track to deliver a 1,000 qubit quantum computer by 2024.
Collaboration to Bring Compression Technology to PASQAL’s Hardware
In their collaboration, Kipu and PASQAL will work together to bring Kipu’s compression technology to PASQAL’s quantum hardware. They will also work conjointly from the hardware level to the algorithmic level to develop highly competitive quantum computing performance.
Prof. Enrique Solano, co-founder and Chief Visionary Officer at Kipu, expressed excitement about the partnership, stating that the work developed between both teams will be a huge step forward in commercializing both Kipu’s and PASQAL’s technology.
Overcoming Limitations of Current Quantum Computers
Dr. Daniel Volz, co-founder and CEO at Kipu, explained that current quantum computers cannot outperform classical computers because the capabilities of hardware do not match the requirements from algorithms. Kipu’s unique technology allows them to solve much bigger problems than competing algorithm approaches on the same hardware.
By using Kipu’s technology, industrial customers can use much smaller quantum processors to solve their relevant problems, reducing the wait time to useful quantum computing by several years.
PASQAL’s Commitment to Delivering Quantum Computing Benefits
PASQAL CEO Georges Reymond said that the partnership with Kipu Quantum is another step towards delivering tangible quantum computing benefits for their customers and partners. Kipu Quantum’s specialization in analog-based algorithms will help PASQAL explore the capabilities of their hardware and push the boundaries of near-term quantum advantage.
About Kipu Quantum and PASQAL
Kipu Quantum is a German startup operating at the intersection of quantum computer hardware and application software layers, with disruptive technological and algorithmic solutions for industries worldwide. Founded in 2021, Kipu Quantum’s approach has the potential to solve industry-relevant problems in the order of 1,000-5,000 physical qubits due to novel algorithmic compression methods.
PASQAL builds quantum computers from ordered neutral atoms in 2D and 3D arrays to bring a practical quantum advantage to its customers and address real-world problems. Founded in 2019, PASQAL has secured more than €140 million in financing to date.
“The work developed between both teams will be a huge step forward in commercializing both Kipu’s and PASQAL’s technology,”
Prof. Enrique Solano, co-founder and Chief Visionary Officer at Kipu.
“Our unique technology allows us to solve much bigger problems than competing algorithm approaches on the same hardware,” said Dr. Daniel Volz, co-founder and CEO at Kipu.
“This partnership with Kipu Quantum is another step towards delivering tangible quantum computing benefits for our customers and partners. Kipu Quantum’s specialization in analog-based algorithms will help us explore the capabilities of our hardware and push the boundaries of near-term quantum advantage,” said PASQAL CEO Georges Reymond.
Summary
Kipu Quantum and PASQAL have entered a two-year research and development agreement to optimise quantum algorithmic function for enterprise use. The collaboration aims to develop highly competitive quantum computing performance by combining Kipu’s algorithmic compression technology with PASQAL’s hardware capabilities.
- Kipu Quantum GMBH and PASQAL have entered a two-year research and development agreement to optimise quantum algorithmic function and expedite quantum benefits for enterprise.
- Kipu Quantum develops hardware-specific algorithms for specific use cases and has created a first-of-its-kind algorithmic compression technology that reduces the length of quantum algorithms.
- PASQAL’s technology is based on the Nobel Prize-winning research of company co-founder Alain Aspect and has raised €100 million in Series B funding.
- PASQAL aims to deliver a 1,000 qubit quantum computer by 2024, which it believes will offer major commercial advantages over classical computers.
- The collaboration will bring Kipu’s compression technology to PASQAL’s quantum hardware and develop highly competitive quantum computing performance.
- Kipu’s unique technology allows for solving much bigger problems on the same hardware, enabling industrial customers to use smaller quantum processors and reducing the wait time for useful quantum computing.
- PASQAL’s customers include BMW, BASF, Johnson & Johnson, Siemens, Airbus, LG Electronics, and Thales among others.
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