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IonQ to buy cybersecurity firm Elisity for up to $1.3bn in stock

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IonQ has agreed to buy Elisity in an all-stock deal worth up to $1.3bn. Up to $150mn of that depends on how well Elisity does. The Maryland-based quantum computing company announced the deal on Monday. IonQ wants its security arm to guard against attacks aided by AI and, one day, quantum machines. What Elisity does Founded […]

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Pentagon offers PsiQuantum a conditional loan of up to $150m

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PsiQuantum has received a conditional commitment for a loan of up to $150 million from the US Department of War’s Office of Strategic Capital. The quantum computing company announced the commitment on Thursday. It is the second conditional loan from the same Pentagon office in two days. On Wednesday, the Office of Strategic Capital offered […]

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Oratomic reportedly hits $5.4bn as Gartner sees quantum revenue top $1bn

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Quantum computing startup Oratomic has raised $475 million at a $5.4bn valuation, Isabelle Bousquette reported for The Wall Street Journal on Thursday. The round came three months after its Series A and lifted its valuation from $1.5bn. The same day, British startup Universal Quantum announced a Series A of more than $100 million. Gartner then […]

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DARPA moves Atom Computing, IBM, IonQ and Diraq to final quantum test stage

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DARPA has moved Atom Computing, Diraq, IBM and IonQ into the final stage of its Quantum Benchmarking Initiative. The US defence research agency runs the programme to test whether anyone can build a useful quantum computer by 2033. DARPA announced the four teams on Wednesday. Each one uses a different type of qubit, the basic […]

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Zapata Quantum joins IBM Quantum Network to build quantum applications

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Zapata Quantum, a Boston quantum software company, has joined the IBM Quantum Network, it said on Tuesday. It will use IBM’s machines to build software for its clients. Zapata does not make quantum hardware. Instead, it helps organisations figure out which problems quantum computers can solve, then creates the software to do that. It says hardware […]

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France’s CEA and Alice & Bob team up on quantum-supercomputer software

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The Paris-based quantum computing company Alice & Bob and France’s Alternative Energies and Atomic Energy Commission (CEA) announced today that they will collaborate on software enabling quantum computers to run alongside conventional supercomputers, without either party disclosing the financial terms. The project focuses on Qaptiva, a quantum application platform created by the French state-owned company […]

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Nvidia’s new quantum layer cut Fermilab’s design work from five months to three weeks

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Nvidia has added an orchestration layer called CUDA-Q Logical to its open-source quantum platform, aimed at the part of fault-tolerant quantum computing that nobody enjoys. Designing an application for a machine that does not exist yet means guessing at algorithms, error-correction codes, and hardware together, and changing any one of them rewrites the resource requirements […]

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Phasecraft says it built the largest VQE dataset without using a quantum computer

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Phasecraft has produced what it says is the largest known database of variational quantum eigensolver results, more than 3,000 emulations across 13 molecular systems. The work ran on Nvidia Hopper processors hosted at the University of Nottingham, using Nvidia’s cuQuantum toolkit, and the company reports a 15-fold speedup over earlier results for modelling many-body systems. […]

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EU official calls for consolidation among Europe’s quantum startups

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The EU’s forthcoming Quantum Act will not come with a dedicated budget.  “The act is not about budget,” said Thomas Skordas, deputy director-general of the European Commission’s DG CNECT, at a European Parliament event last week, on 3rd of September. “What the act will provide is the stimulus to make sure that we move in […]

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Novo Nordisk Foundation to build $62M quantum chip plant in Copenhagen

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Europe is getting a factory for quantum chips rather than another quantum computer. Quantum Foundry Copenhagen, owned by the Novo Nordisk Foundation, is building a 5,300-square-metre facility in the Danish capital that is due to open in 2027 and will offer wafer fabrication to quantum companies around the world. The investment is about $62M, according […]

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