German quantum software company, Kipu Quantum, has joined the DLR Quantum Computing Initiative’s (DLR QCI) project, BASIQ. The project, funded by the German Federal Ministry for Economic Affairs and Climate Action, aims to develop battery material simulations on an atomic level for gate-based quantum computers. Kipu Quantum’s unique algorithms, which require significantly less circuit depth to solve problems, will be used in the project. The company’s technology has applications in various industries, including pharmaceuticals, chemicals, logistics, artificial intelligence, and finance. Prof. Enrique Solano and Dr. Daniel Volz, co-founders of Kipu Quantum, expressed their enthusiasm for the collaboration.
“We are especially happy about this collaboration as it fully complies with our mission to bring our algorithms to industry-relevant use cases and proof our concept,”
Prof. Enrique Solano, co-founder and Chief Visionary Officer at Kipu Quantum.
Kipu Quantum’s Involvement in the DLR QCI Project BASIQ
Kipu Quantum, a German quantum software company, has joined the DLR’s project “BASIQ: Battery materials simulation using quantum computers”. This project is part of the DLR Quantum Computing Initiative (DLR QCI) and is funded by the German Federal Ministry for Economic Affairs and Climate Action. The project, which will run for three years, is led by the DLR Institute of Engineering Thermodynamics.
The aim of the BASIQ project is to develop simulations of battery materials at an atomistic level for gate-based quantum computers. This will involve considering the essential material components of a battery cell. The development of quantum algorithms for various classes of materials is a key part of the project, and this is where Kipu Quantum’s technology will be utilised.
Kipu Quantum’s Unique Technology
Kipu Quantum’s algorithms are based on a unique digital and digital-analog compression technology. This technology requires significantly less circuit depth to solve a given problem, which could potentially solve industry-relevant problems at least a decade earlier than other methods. Kipu Quantum’s technology has already demonstrated its effectiveness in use cases such as protein folding, portfolio optimisation, factorisation, and logistics modelling. Now, it will be used to support the BASIQ project with quantum mechanical simulations of materials and chemical processes.
The Mission of Kipu Quantum
Kipu Quantum’s mission is to bring their algorithms to industry-relevant use cases and prove their concept. The company’s focus is on solving real-world problems with the ultimate goal of creating a competitive edge for their customers. Joining the DLR QCI project BASIQ is seen as a significant step towards achieving this goal.
About the DLR Quantum Computing Initiative
The DLR Quantum Computing Initiative (DLR QCI) is working on the development of prototype quantum computers with various architectures, quantum software and applications, and the necessary enabling technologies. The DLR involves industry, start-ups, and other research institutions to jointly advance the work and establish a quantum computing ecosystem. The initiative has been provided with resources by the Federal Ministry for Economic Affairs and Climate Action for four years and awards contracts to companies on a large scale.
Kipu Quantum is a German company that operates at the intersection of quantum computer hardware and application software layers. The company offers disruptive technological and algorithmic solutions for industries worldwide. Its technology has the potential to solve industry-relevant problems in the order of 1,000-5,000 physical qubits and is compatible with every leading quantum hardware. The company is currently testing its technology with customers in the pharmaceutical, chemical, logistics, artificial intelligence, and finance industries.
“With everything we do in our day-to-day work, we focus on solving real-world problems with the ultimate goal to create a leading edge for our customers,” said Dr. Daniel Volz, co-founder and CEO at Kipu Quantum. “Joining the DLR QCI project BASIQ significantly contributes to taking us further down this road.”
Summary
German quantum software company, Kipu Quantum, has joined the DLR Quantum Computing Initiative’s project, BASIQ, which aims to develop battery material simulations on an atomic level for quantum computers over a three-year period. Kipu Quantum’s unique algorithms, which require significantly less circuit depth to solve problems, will be used in the project to support quantum mechanical simulations of materials and chemical processes.
- German quantum software company, Kipu Quantum GmbH, has joined the DLR Quantum Computing Initiative (DLR QCI) project “BASIQ: Battery materials simulation using quantum computers”.
- The project, funded by the German Federal Ministry for Economic Affairs and Climate Action, aims to develop battery material simulations at an atomic level for gate-based quantum computers.
- Kipu Quantum’s role in the project involves the development of quantum algorithms for different classes of materials.
- The company’s algorithms use a unique digital and digital-analog compression technology that requires significantly less circuit depth to solve a problem.
- Kipu Quantum’s technology is currently being used in various fields such as protein folding, portfolio optimization, factorization, and logistics modeling.
- The BASIQ project will now also benefit from Kipu Quantum’s technology for quantum mechanical simulations of materials and chemical processes.
- Prof. Enrique Solano, co-founder and Chief Visionary Officer at Kipu Quantum, and Dr. Daniel Volz, co-founder and CEO at Kipu Quantum, expressed their enthusiasm about the collaboration and its alignment with the company’s mission to solve real-world problems.
- The DLR QCI is working on developing prototype quantum computers, quantum software and applications, and necessary enabling technologies, involving industry, start-ups, and other research institutions.
