Quantum photonics startup Nu Quantum raises ₤ 2.1 M from Amadeus Capital Partners

Quantum photonics startup Nu Quantum raises ₤ 2.1 M from Amadeus Capital Partners

For quantum cryptography and simulation to become genuine, the innovation needs high-performance light-emitting and light-detecting parts that operate at the single-photon level and at ambient temperature level. Among the couple of companies operating in this rarified arena is Nu Quantum. The quantum photonics company is a spin-out from the University of Cambridge. It has now raised […] The business’s first business deliverable will utilize quantum photonic technology and exclusive algorithms to produce random numbers extracted from quantum-level results, providing the highest confidence in the quality of these numbers, which are ubiquitously utilized as cryptographic secrets to secure information. Dr Carmen Palacios-Berraquero, CEO, Nu Quantum, said in a declaration: “Our goal is to enable the potential of quantum mechanics using quantum photonics hardware. We’re making another investment in Nu Quantum due to the fact that we believe in the team and its capability to take its solutions to market. One of the few companies running in this rarified arena is Nu Quantum….

Rigetti raises $79M Series C for its quantum computing platform

Rigetti raises $79M Series C for its quantum computing platform

Rigetti Computing, the quantum computing startup that is tough industry heavyweights like IBM, Microsoft and D-Wave, today revealed that it has actually closed a $79 million Series C funding round. The round was led by Bessemer Endeavor Partners, with participation from Franklin Templeton, Alumni Ventures Group, DCVC, EDBI, Morpheus Ventures and Northgate Capital. Bessemer’s Tomer Diari […] , the quantum computing start-up that is challenging market heavyweights like IBM, Microsoft and D-Wave, today revealed that it has closed a $79 million Series C financing round.”It’s tough to find an area where quantum computing will not be greatly important once quantum benefit is attained,” stated Jonathan Curtis, vice president and portfolio manager at Franklin Equity Group. While quantum computing has long held a lot of promise, it’s in fact starting to make real strides in the last few years, with numerous companies developing working systems that aren’t quite powerful enough for a lot of real-world usage cases yet, but that reveal a lot of guarantee. …

Hear how 3 start-ups are approaching quantum computing in a different way at TC Disrupt 2020 888011000 110888 Quantum computing is at a fascinating point. It’s at the cusp of being mature enough to resolve real issues. Like in the early days of personal computers, there are lots of different companies trying various approaches to solving the fundamental physics problems that underly the technology, all while another set of startups is looking ahead and believing about how to incorporate these machines with classical computers– and how to compose software application for them. At Interfere with 2020 on September 14-18, we will have a panel with D-Wave CEO Alan Baratz, Quantum Machines co-founder and CEO Itamar Sivan and IonQ president and CEO Peter Chapman. The leaders of these three companies are all approaching quantum computing from various angles, yet all with the same goal of making this novel innovation mainstream. D-Wave might simply be the best-known quantum computing company thanks to an early start and smart marketing in its early days. Alan Baratz took control of as CEO previously this year after a few years as chief product officer and executive VP of R&D at the company. Under Baratz, D-Wave has continued to construct out its technology– and specifically its D-Wave quantum cloud service. Leap 2, the current variation of its efforts, launched previously this year. D-Wave’s innovation is also extremely different from that of many other efforts thanks to its focus on quantum annealing. That drew a lot of suspicion in its early days, however it’s now a tested technology and the company is now advancing both its hardware and software platform. Like Baratz, IonQ’s Peter Chapman isn’t a founder either. Instead, he was the engineering director for Amazon Prime prior to joining IonQ in 2019. Under his leadership, the business raised a $ 55 million funding round in late 2019, which the business extended by another$7 million last month. He is also continuing IonQ’s bet on its trapped ion technology, which makes it reasonably simple to create qubits and which, the company argues, allows it to focus its efforts on controlling them. This approach also has the advantage that IonQ’s makers are able to perform at room temperature level, while a lot of its competitors have to cool their devices to as close to absolutely no Kelvin as possible, which is an engineering obstacle in itself, especially as these business intend to miniaturize their quantum processors. Quantum Machines plays in a slightly different part of the ecosystem from D-Wave and IonQ. The business, which just recently raised$ 17.5 million in a Series A round, is developing a quantum orchestration platform that integrates novel custom hardware for managing quantum processors– since once quantum machines reach a bit more maturity, a standard PC won’t be quickly enough to manage them– with a matching software platform and its own QUA language for programs quantum algorithms. Quantum Machines is Itamar Sivan’s very first start-up, which he introduced with his co-founders after getting his Ph.D. in condensed matter and product physics at the Weizmann Institute of Science. Concern Interrupt 2020 and hear from these companies and others on September 14-18. Get a front-row seat with your Digital Pro Pass for simply$245 or with a Digital Startup Alley Exhibitor Package for$445. Costs are increasing next week, so grab yours today to save up to$300.

Quantum computing is at an interesting point. It’s at the cusp of being mature enough to solve real problems. But like in the early days of personal computers, there are lots of different companies trying different approaches to solving the fundamental physics problems that underly the technology, all while another set of startups is looking […] …