Tagged: quantum

December 24, 2024 @ 3:37 am By Omar Faridi  |  

Multiverse Computing, a firm focused on value-based quantum and quantum-inspired AI software solutions, announced an investment from the Italian investor in venture capital CDP Venture Capital Sgr, as part of the firm’s Series A round. The investment was carried out via compartments of the Corporate… Read More

December 19, 2024 @ 4:18 am By Omar Faridi  |  

Banco Sabadell has completed a joint project with Accenture (NYSE: ACN) and QuSecure to explore the adoption of Post-Quantum Cryptography (PQC) technologies in the bank’s infrastructure. This project is a step forward in improving resistance to quantum attacks, with Banco Sabadell leveraging QuSecure’s software for… Read More

June 1, 2024 @ 3:15 pm By Omar Faridi  |  

In a new paper in Science Advances on May 29, researchers at JPMorgan Chase (NYSE: JPM),  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).” This algorithm… Read More

April 1, 2024 @ 4:38 am By Omar Faridi  |  

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure digital negotiable instrument technology to transform international supply chains. Vayana TradeXchange is a global marketplace “facilitating the financing of cross-border trade, headquartered in GIFT City and operating under license… Read More

January 18, 2024 @ 6:22 am By Omar Faridi  |  

Honeywell (NASDAQ: HON) announced the closing of a $300 million equity fundraise for Quantinuum, the integrated quantum computing company, at a pre-money valuation of $5 billion. The investment round is anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen… Read More

December 8, 2023 @ 11:12 am By Omar Faridi  |  

Multiverse Computing, a firm focused on value-based quantum computing solutions, and Moody’s Analytics, a global integrated risk assessment firm, are combining quantum algorithm expertise with leadership in risk management “to launch the QFStudio platform, an easy-to-use Software as a Service (SaaS) platform that provides a… Read More

October 18, 2023 @ 9:54 pm By Omar Faridi  |  

UBS (NYSE:UBS) is partnering with the Geneva Science and Diplomacy Anticipator Foundation (GESDA), CERN, the Swiss Federal Department of Foreign Affairs, and Swiss higher-education institutions ETH Zurich and EPFL to create the Open Quantum Institute (OQI), which is being launched today in Geneva. Through science… Read More

October 15, 2023 @ 1:54 pm By Omar Faridi  |  

Accenture (NYSE: ACN) announced an investment through Accenture Ventures in Aliro Quantum, a provider of multi-purpose, end-to-end entanglement-based secure quantum networks. The investment will help Accenture and Aliro equip clients “with secure quantum networks that establish safe and secure data and communications.” Quantum computing uses… Read More

September 8, 2023 @ 10:50 am By Omar Faridi  |  

Terra Quantum, a quantum technology firm, and HSBC (NYSE: HSBC) are partnering to explore hybrid quantum technology applications, according to a company statement. As quantum technology evolves, early adopters like HSBC are poised “to explore the potential benefits of increased efficiency, cost reduction, and a… Read More

September 7, 2023 @ 8:30 pm By Omar Faridi  |  

evolutionQ, a quantum-cybersecurity company, is pleased to announce a contract to contribute to a Bank of Canada research project involving quantum-safe cybersecurity technologies for greenfield digital currencies. This work highlights the commitment of evolutionQ “to understanding the risk posed by quantum computers to emerging financial… Read More

September 7, 2023 @ 10:07 am By Omar Faridi  |  

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW), which claims to be a leader in quantum-safe encryption,  announces the availability of the world’s “first” integrated solution for quantum-safe VPN communications. Arqit’s QuantumCloud is reportedly the world’s first fully scalable cloud-based symmetric key agreement platform, “capable of creating… Read More

September 4, 2023 @ 9:27 am By Omar Faridi  |  

With two weeks until the start of DSEI 2023, Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) and Sierra Nevada Corporation Mission Systems UK, LTD. (announced a strategic partnership to collaborate “on creating resilient high-grade security solutions and services.” Arqit claims that it is “a leader in… Read More

July 27, 2023 @ 8:24 pm By Omar Faridi  |  

Q-CTRL, a global firm focused on developing useful quantum technologies through quantum control infrastructure software, announced the addition of Morpheus Ventures as a new investor in their record-setting Series B funding round, which has raised $54 million USD. Morpheus Ventures, “known for its expertise in… Read More

June 16, 2023 @ 12:45 pm By Omar Faridi  |  

An international consortium of industry and technical experts, supported by government, business and other organizations have “completed the world’s first quantum-secure cross-border electronic trade document transaction, delivering a verifiable, secure, and legally recognizable solution for future digital trade transactions. This significant step forward in the… Read More

June 12, 2023 @ 6:11 am By Omar Faridi  |  

Toshiba Digital Solutions Corporation and Classiq Technologies Ltd. signed a technology collaboration agreement in the gate-based quantum computing. Quantum computers are next-generation technologies “that have the potential to efficiently solve problems that conventional computers could not solve or take a very long time to solve… Read More

June 2, 2023 @ 3:17 pm By Omar Faridi  |  

Quantinuum, which claims to be one of the world’s largest quantum computing companies, and HSBC are pleased “to announce a series of exploratory projects that exploit the potential near- and long-term benefits of quantum computing for banking with specific projects in cybersecurity, fraud detection, and… Read More

May 14, 2023 @ 3:47 pm By Omar Faridi  |  

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, today announced the first quantum software reseller agreement through PTC, a Singapore-based provider of enterprise data management solutions and services to Asia. The agreement enables PTC customers “to explore hybrid classical-quantum computing for… Read More

April 25, 2023 @ 8:42 am By Omar Faridi  |  

Quantum engineering company Riverlane announced it has raised £15 million in a Series B funding. The investment round was “led by Molten Ventures and included participation from simulation, high-performance computing (HPC), and artificial intelligence leader Altair and returning investors Cambridge Innovation Capital (CIC), Amadeus Capital… Read More

April 1, 2023 @ 3:06 pm By Omar Faridi  |  

QC Ware and JPMorgan Chase (NYSE:JPM) have completed a study of quantum “deep hedging,” paving the way “for future increased risk mitigation capabilities in financial services.” In a new paper released on March 30th, 2023, JPMorgan Chase and QC Ware examined two questions “on how… Read More

March 6, 2023 @ 4:04 pm By Omar Faridi  |  

Quantum Brilliance, the developer of room-temperature miniaturized quantum computing products and solutions, announced the launch of its Qristal software suite, “enabling R&D teams to explore integrating quantum systems in real-world applications in a critical step towards practical utility of the technology.” With Qristal, developers and… Read More