11 Quantum Computing Startups to Watch

by November 28, 2017 0 comments

Directly leveraging the laws of quantum mechanics to carry out a calculation is what the function of a quantum computer is. Quantum mechanics based computers offer an inherent advantage because they can solve bigger, more complex problems in a better way than conventional computers. Financial modeling, molecular modeling, artificial intelligence, weather forecasting are some of the areas where the use of quantum computing will have a profound impact. A variety of investors, governments, corporations have, with the help of investors, started experimenting with quantum computing. Here’s a list of some of the early stage quantum computing startups to watch out for.

 

1. Rigetti Computing

Image result for Rigetti Computing logoThe company was founded in 2013 and is based in Berkeley and Fremont, California. It manufactures superconducting quantum integrated circuits. A full stack quantum computing company, Rigetti develops quantum computing algorithms focusing on computational chemistry and machine learning. In its own words, the company is ‘on a mission to build the world’s most powerful computer’.

No. of Investors = 26
No. of Funding Rounds = 6
Total Funding Amount = US$69.5 billion

 

2. Post-Quantum

A London-based startup, Post Quantum offers cyber security solutions to withstand quantum computer attacks and ultimately protect global investment banks and enterprise data.

No. of Investors = 5
No. of Funding Rounds = 3
Total Funding Amount = US$10.4 billion

 

3. ID Quantique

HomeA leader in Quantum Key Distribution (QKD), ID Quantique is a startup based in Geneva that provides network security solutions and services. Additionally, it also commercializes a quantum random number generator and is a leading provider of optical instrumentation products.

No. of Investors = 1
No. of Funding Rounds = 1
Total Funding Amount = US$5.6 billion

 

4. Cambridge Quantum Computing

Image result for Cambridge Quantum Computing logoCambridge Quantum Computing Limited (CQCL), an England-based startup, provides tools for commercialization of quantum computers.

No. of Investors = 1
No. of funding rounds = 1
Total Funding Amount = $50 billion

 

5. Optalysys

Image result for Optalysys logoThis Pontefract, UK-based startup uses low power laser light rather than electricity to perform mathematical functions and operations. Pattern recognition and derivatives are expected to be obtained from this.

No. of Investors = 2
No. of Funding Rounds = 3
Total Funding Amount = $4 million

 

6. QuintessenceLabs

Image result for QuintessenceLabs logoA global leader in quantum cyber security, QuintessenceLabs, an Australian company, integrated quantum technology to deliver high-value cybersecurity products which include the world’s fastest true random number generator and advanced key & policy manager.

No. of Investors = 1
No. of Funding Rounds = 1
Total Funding Amount = $3.3 billion

 

7. Qubitekk

Image result for Qubitekk logoThe California-based company guarantees tamper-free communications between electric grid automation equipment by offering quantum optic based cybersecurity solutions.

No. of Investors = 1
No. of Funding Rounds = 2
Total Funding Amount = US$95,000

 

8. Nano-Meta Technologies

Image result for Nano-Meta TechnologiesThis Indiana, US-based company is developing a single photon generator for sending highly secure quantum encrypted transmissions and primarily focuses on plasmonics, nanophotonics, and metamaterials for optical and quantum technologies.

No. of Investors = 1
No. of Funding Rounds = 1
Total Funding Amount = US$250,000

 

9. 1QBit

Image result for 1QBit logo1QBit is a Canadian-based startup that offers a software to reformulate financial problems to be able to speak to the D-Wave II, the only commercially operating quantum computer.

No. of Investors = 3
No. of Funding Rounds = N/A
Total Funding Amount = N/A

 

10. QC Ware

Image result for QC Ware logoA Palo Alto, US-based organization, QC Ware develops quantum computing software that solves problems in combinatorial optimization and machine learning.

No. of Investors = 2
No. of Funding Rounds = 1
Total Funding Amount = US$40,000

 

11. QxBranch

Image result for QxBranch logoA startup expansion of Aerospace Concepts (Australia’s leading systems engineering and flight risk analysis firm), QxBranch has a multi-disciplinary team that is helping multiple sectors with data analytics, quantum computing, and machine learning.

No. of Investors = Undisclosed
No. of Funding Rounds = N/A
Total Funding Amount = US$20,000

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