Xanadu Lands $100 Million as Investments Pour Into Quantum Computing

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Xanadu Quantum Technologies Inc., which aims to commercialize quantum computing using particles of light, has raised $100 million in new funding as investor interest in the industry heats up.On Tuesday, Xanadu announced a Series B funding led by Bessemer Venture Partners, one of Silicon Valley’s oldest such firms. Funding to date for the five-year-old company now totals $145 million, said Christian Weedbrook, founder and chief executive of Xanadu. Quantum computing has the potential to solve some problems many millions of times faster than a conventional computer, which is why major technology companies and startups are working to commercialize it using various approaches. Traditional computers store information as either zeros or ones. Quantum computers use quantum bits, or qubits, which represent and...

Prime Movers Lab Webinar Series: Quantum Computing | by Carly Anderson | Prime Movers Lab | Mar, 2021

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A conversation with experts and entrepreneurs on the future of quantum computingIn this week’s episode of the Prime Movers Lab webinar series, we spoke with quantum technology expert Tatjana Curcic and two brilliant quantum entrepreneurs: Jonathan King of Atom Computing, and Jan Goetz of IQM Quantum Computers, to understand what the excitement over quantum computing is all about.[Click the link above to play the video]Dr. Tatjana Curcic has worked on quantum information technologies for decades, and is currently a DARPA Program Manager. At DARPA, she manages Noisy Intermediate Scale Quantum (NISQ) processor development — finding useful things we can do with quantum computing technology in it’s current “noisy intermediate” state. Among her many roles and accomplishments, she managed quantum technology programs at the US Air Force Office...

Israeli quantum computing developer Classiq Technologies raises $10.5 million series A

Israeli quantum computing developer Classiq Technologies raises 105 million series
The company developed tools for the automatic translation of human ideas into quantum circuits Meir Orbach 16:1227.01.21 Israel-based Classiq technologies, which develops tools for converting human thought into quantum circuits, announced on Wednesday that it has raised $10.5 million in series A funding led by Team* Capital and Wing Capital.   The field of quantum computing is still in its early stages, making the task of developing algorithms for it a nearly impossible mission. After decades of research, only a meager number of quantum computing algorithms have been developed so far. While quantum hardware is being developed quickly, there remain major challenges to progress on the software front due to lack of abstractions, the basic principle driving software development.   Classiq Technologies'...

Zapata Computing Announces $38 Million Funding for Series B

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BOSTON, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Zapata Computing, Inc., the leading enterprise software company for NISQ-based quantum applications, today announced it has received $38 million in Series B funding, bringing the total investment to over $64 million. This funding round was led by Comcast Ventures, Pitango and Prelude Ventures, with the support of additional existing Series A investors, including BASF Venture Capital, Robert Bosch Venture Capital and The Engine, as well as the commitment of new investors, including Ahren Innovation Capital, Alumni Ventures Group, Honeywell Venture Capital, ITOCHU Corporation and Merck Global Health Innovation Fund. This financing testifies to the investors’ belief in the promise of quantum computing as well as Zapata’s significant progress since its Series A financing last year. In...