Tag: Quantum tech

QTREX is betting on the layer beneath quantum computing

The quantum computing industry has spent the last three years measured almost entirely in qubits. Willow’s 105. Nighthawk’s 120. The 540-qubit superconducting platform that integrated nearly 700 control lines into a single cryostat last year. The qubit count is the headline number, and for good reason. But inside the labs trying to push superconducting systems past […]

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Quantinuum filed for an IPO worth 20 billion dollars. It has 31 million in revenue and a quantum computer that does not exist yet.

TL;DR Honeywell-backed Quantinuum filed for a US IPO targeting a valuation above 20 billion dollars. The quantum computing company reported 30.9 million dollars in annual revenue and 192.6 million in losses, pricing itself on a fault-tolerant machine planned for 2029. Quantinuum filed for a US initial public offering on Thursday that could value the company […]

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OrangeQS raises €15M and brings hardware makers into the solution

The Dutch startup, the only company offering a dedicated commercial solution for quantum chip testing, raised a €3M extension to its June 2025 seed round from the European Innovation Council Fund. The accompanying MAX Partnership Programme gives quantum chip makers a structured way to shape the next generation of OrangeQS’s high-throughput test equipment. OrangeQS, the […]

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Quantum computing pioneer Chad Rigetti is back

Sygaldry Technologies has raised $105M in a Series A led by Breakthrough Energy Ventures, following a $34M seed from Initialized Capital. Its quantum-classical hybrid servers target the $5.2T in AI infrastructure investment projected through 2030. Sygaldry Technologies, an Ann Arbor-based startup building quantum-accelerated AI servers, has raised $139 million across a $34 million seed round […]

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France bets €500 million that quantum computing is the tech race Europe can finally win

Europe has spent a decade watching American and Chinese companies capture every major technology wave, cloud, mobile, social, AI. Quantum computing may be the exception. A cluster of French startups, backed by €500 million in government funding and underpinned by some of the world’s strongest physics research, is positioning France as a serious contender in […]

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Quanscient and Haiqu run the most complex quantum fluid simulation yet, on IBM’s Heron R3

A new quantum algorithm ran a 15-step nonlinear fluid simulation around a solid obstacle on real quantum hardware, the most physically complex publicly documented demonstration of its kind. The technique reduces qubit requirements and circuit depth, bringing industrial CFD applications closer to feasibility. Finnish simulation company Quanscient and quantum middleware developer Haiqu have demonstrated what […]

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Finnish quantum unicorn IQM lands €50M from BlackRock

The Helsinki-based company, which builds and sells full-stack superconducting quantum computers for on-premises deployment, disclosed the financing today. It was secured before the February announcement of IQM’s SPAC merger with Real Asset Acquisition Corp at a $1.8B valuation. IQM Quantum Computers has secured a €50 million financing package, approximately $57.6 million, from funds and accounts […]

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French quantum startup Pasqal to list on Nasdaq via SPAC at a $2bn valuation

The neutral-atom quantum computing company, co-founded by Nobel laureate Alain Aspect, has announced a business combination with Bleichroeder Acquisition Corp. II, with the deal expected to close in the second half of 2026. When Alain Aspect shared the Nobel Prize in Physics in 2022, the citation concerned experiments performed decades earlier, precise measurements of quantum […]

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VC Quantonation closes €220M fund to back next-gen physics tech

A Paris-based venture firm that has quietly shaped the quantum technology scenery is now making a much louder statement about Europe’s role in the future of computing, materials science, and sensing. Quantonation Ventures has today announced the successful close of its second flagship fund at €220 million, more than double the size of its first […]

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