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TEL AVIV, Israel, Oct. 26, 2021 /PRNewswire/ -- Quantum Machines, creator of the first universal quantum computing cloud infrastructure, today announced an investment from Qualcomm Ventures LLC. The investment in Quantum Machines is the first by Qualcomm Ventures in the Quantum Computing space and is an extension of the company's Series B round announced earlier this year.

Quantum computing will unleash a computational revolution, producing computers far more advanced and powerful than any computing technology we have to date. The race towards quantum advantage is rapidly accelerating, with multi-billion dollar investments led by venture-capital funds, the industry's largest computing corporations, and governments around the world.

Since its founding, Quantum Machines has established itself as the leading provider of control and operation systems for quantum computing across companies and research centers. Over the past few years, the company has developed a full-stack Quantum Orchestration Platform, with the combined software and hardware solution enabling an entirely new approach to controlling and operating quantum processors.

Qualcomm Ventures invests in companies focused on 5G, Artificial Intelligence, Automotive, IoT, Consumer and Enterprise and Cloud. Qualcomm Ventures has over 150 portfolio companies in its portfolio and manages over $1.5 billion in assets across the United States, China, India, Israel, Europe, Latin America, and Korea.

"When we look towards the future, we believe Quantum Computing will be an important technology that redefines many industries such as AI, Cybersecurity and Cloud," said Boaz Peer, Senior Investment Director, Qualcomm Ventures Europe and Israel at Qualcomm Israel Ltd. "We're excited to invest in Quantum Machines to help drive the Quantum Computing revolution forward."

"It's always very important to find the right investors who are aligned with our goals," said Dr. Itamar Sivan, Co-founder and CEO of Quantum Machines. "We're very proud to be working with Qualcomm Ventures as we believe their desire to push boundaries and commitment to innovation matches our drive to transform and advance the quantum computing industry."

About Quantum Machines

QM's full-stack Quantum Orchestration Platform enables an entirely new approach to controlling and operating quantum processors. Capable of running even the most complex algorithms from near-term applications of quantum computers to challenges of quantum-error-correction the Quantum Orchestration Platform allows users to realize the potential of all quantum processors right out of the box via its powerful, yet intuitive, programming language QUA.

About Qualcomm Ventures

Qualcomm Ventures, acting through Qualcomm Ventures LLC or its affiliated entities, has been making strategic investments in technology companies that have the potential to dramatically transform our world since 2000. As a global investor, we look to help entrepreneurs build revolutionary businesses that reshape the world around us. For more information please visit:www.qualcommventures.com.

Media Contact for Quantum Machines:

Lazer Cohen[emailprotected]+347-753-8256

SOURCE Quantum Machines

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Qualcomm Ventures Invests in Quantum Machines to Power the Future of Quantum Computing - PRNewswire

Showcasing quantum computing strategy and collaborations between businesses and research institutions

Tokyo Toppan, a global leader in communication, security, packaging, dcor materials, and electronics solutions, will participate in the 2nd QUANTUM COMPUTING EXPO TOKYO [Autumn], which will be held at the Makuhari Messe convention center in Chiba, Japan, from October 27 to 29. Toppans booth (7-1) will present the companys perspective on the application of quantum technologies in society as well as its activities in the field of quantum computing.

Quantum computing is a computer processing technology that uses quantum bits, or qubits,1 which exhibit quantum-mechanical properties. Development targeting practical application has been underway since the 1980s, when the principle was first proposed, and it has garnered significant attention as a next-generation computing technology with high processing power. Data processing in classical computing has thus far been supported by the miniaturization of semiconductors to achieve higher speeds, but methods for enhancing processing power based on miniaturization are approaching their limit. Increased interest in next-generation computing based on a new principle is therefore prompting accelerated development of quantum computing technology around the world.

Toppan turned its attention to the potential of quantum computing technology at an early stage and is now working with research institutions, businesses, and other organizations to advance wide-ranging efforts leveraging the technology in diverse fields, such as development of new materials and enhancement of operational process efficiency.

There is, however, a risk that quantum computing could be used to decrypt highly sensitive communications, such as electronic payments and digital application forms containing personal data. Uncrackable encryption technologies will therefore be required as society is faced with the challenge of bolstering security.

Through the development and manufacture of smart cards, Toppan has accumulated a range of related security technologies, including encryption, authentication, and unauthorized access prevention. Leveraging this expertise, Toppan is working to advance the establishment of a safe and secure society in the age of quantum computing through support for equipping smart cards with post-quantum public key cryptography2 and expanding the use of quantum secure cloud technology. Toppan also intends to provide services and solutions including secure backup and data distribution for highly sensitive digital information.

Taking advantage of quantum computing technology in an array of fields, Toppan aims to enable a sustainable society and enhance corporate value as a leader in providing solutions to social issues globally through Digital Transformation (DX) and Sustainable Transformation (SX).

Details of the Toppan booth at QUANTUM COMPUTING EXPO TOKYO [Autumn]

(1) Diagram presenting an overview of the implementation of quantum technologies in societyThe diagram will present Toppans take on quantum technology-related hardware and software, applications, and fields in which it can be implemented in society.

(2) Four-way collaboration on quantum secure cloud technologyToppan is collaborating with the National Institute of Information and Communications Technology (NICT), QunaSys Inc. (QunaSys) and ISARA Corporation (ISARA). The project aims to devise and propose a specific structure and operational framework for quantum secure cloud technology suitable for practical use, with consideration for elements including management of keys and access rights. The four organizations will identify the requirements for devising and verifying use cases for quantum secure cloud technology.

(3) Joint development to equip smart cards with post-quantum public key cryptographyToppan and ISARA are working together to equip smart cards with post-quantum public key cryptography and conduct technical verification of the use of such smart cards to control and manage access. The project aims to develop a program enabling algorithms that generate and authenticate digital signatures for post-quantum public key cryptography, and to then apply the program to smart cards and verify functionality. The two companies will also carry out technical verification of digital authentication using smart cards equipped with post-quantum public key cryptography.

(4) Collaboration to enhance the efficiency of logisticsToppan and Tohoku University startup Sigma-i are conducting a pilot test on leveraging the results of joint research into quantum annealing to enhance the efficiency of logistics. The project aims to develop a delivery planning optimization system using quantum computing technologies by linking up with MITATE,3 a system offered by Toppan Group company Toppan Cosmo to enhance operational efficiency and visibility. Toppan and Sigma-i will verify the systems effectiveness for reducing time and increasing accuracy for delivery planning.

(5) Creation of new material development frameworkToppans booth will present the approach for material development being advanced in collaboration with QunaSys. The initiative involves creating a platform for the design and development of materials by establishing a cross-sectional, scalable material development data management system that takes full advantage of the power of quantum technologies. The goal is to create new businesses based on Toppans resources and QunaSyss technologies.

Reference panel: Quantum Key Distribution SystemA life-size photograph of a quantum key distribution system provided by Toshiba Digital Solutions Corporation will also be on display in Toppans booth.

1. A quantum bit or qubit is the basic unit of information in quantum computing. A feature of qubits is their exhibiting complex states, such as superposition and entanglement.2. Post-quantum public key cryptography is a public key cryptography technology that cannot be decrypted even by quantum computing technologies.3. MITATE is a registered trademark of LAMPLIGHT Co., Ltd., a collaborative partner of Toppan Cosmo.

About the QUANTUM COMPUTING EXPO TOKYO [Autumn]

Dates: October 27 to 29, 2021Times: 10:0017:00Venue: Makuhari MesseOrganizer: RX Japan Ltd.https://www.qc-expo-at.jp/en-gb.html

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Toppan to Participate in QUANTUM COMPUTING EXPO TOKYO [Autumn] - WhatTheyThink

ARMONK, N.Y. and WALTHAM, Mass. IBM and Raytheon Technologies are jointly developing advanced artificial intelligence (AI), cryptographic, and quantum computing solutions for several sectors.

The strategic collaboration agreement is focused on the aerospace, defense, and intelligence sectors, including the federal government, according to the companies this month.

They intend to combine IBMs commercial research with Raytheon Technologies research, plus aerospace and defense expertise, to crack once-unsolvable challenges.

Aerospace and government customers can use artificial intelligence and quantum computing technologies to design systems more quickly, better secure their communications networks, and improve decision-making processes, they said.

See more: Artificial Intelligence Market

The companies also plan to jointly research and develop advanced cryptographic technologies that lie at the heart of some of the toughest problems faced by the aerospace industry and government agencies.

IBM and Raytheon Technologies are building a technical collaboration team to quickly insert IBMs commercial technologies into active aerospace, defense, and intelligence programs. The team will identify promising technologies to investresearch dollars and talent in to jointly develop long-term system solutions.

The rapid advancement of quantum computing and its exponential capabilities has spawned one of the greatest technological races in recent history one that demands unprecedented agility and speed, said Dario Gil, SVP and director of research, IBM.

See more: IBM Partnering with University of Tokyo on Quantum Computer

IBMs collaboration with Raytheon Technologies will be a catalyst in advancing these state-of-the-art technologies to make discovery faster and the scope of that discovery larger than ever, Gil said.

Take something as fundamental as encrypted communications, said Mark E. Russell, CTO, Raytheon Technologies. As computing and quantum technologies advance, existing cybersecurity and cryptography methods are at risk of becoming vulnerable.

Russell said IBM and Raytheon Technologies will collaboratively help customers in the sectors maintain secure communications and defend their networks better than previously possible.

See more: Top Cloud Security Companies & Solutions

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IBM and Raytheon Collaborating on AI, Cryptography, and Quantum Computing - Datamation

The announcement last night that Canberra based QuintessenceLab had completed a $25 million Series B capital raising demonstrates the interest in the emerging field however, like all venture investments, it comes with risk, especially in an immature field such as quantum computing.

The fundraising was led by CSIRO founded Main Sequence and TELUS Ventures, with participation from Mizuho Financial Group-backed InterValley Ventures and Terry Snows Capital Property Group.

According to business statistics site Statista, revenues for the global quantum computing market are projected to exceed $US1.76 billion by 2026 up from $472 million this year, an average compound annual growth rate of a tick above 30 per cent. By way of spurious comparisons, the size of the global for loot boxes (basically lucky dips inside competitive computing games) in 2020 was $US15 billion.

The discipline's novelty means it comes with significant risk for investors owing to the nature of the impediments which need to be overcome to ensure widespread commercial deployment.

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Despite the aspirations of entrepreneurs and investors, and the often gimlet-eyed assessments of industry commentators, quantum cyber security and quantum computing more generally remain relatively new fields commercially, despite decades of lab research.

Steady on

A paper by Deloitte authors Itan Barnes, Bartosz Czaszyriski and Ruud Schellekens, calledQuantum computers and their impact on Cyber Security argues that building the hardware for a quantum computer is a formidable challenge.

"Qubits (in loose terms quantum-mechanical analogue of a classical bit) in their nature are very fragile and can lose the information encoded in them very quickly (the decoherence problem)."

In their paper, they write that the major challenge is to keep the qubits completely isolated from the environment while allowing high precision control and readout of the qubit state.

To effectively decouple qubits from any noise source, and therefore sustain longer coherence times, these systems are typically cooled to extremely low temperatures using liquid helium.

This, they say, puts a heavy burden on the size of the system and results in high running costs.

There are many different ways to realise qubits, e.g trapped ions, superconducting rings and many others. Each architecture has its advantages and drawbacks and it is not yet clear which qubit material is the most scalable one.

Still, proponents argue that quantum computing is the next great threat to data and information.

In its funding announcement, QuintessenceLab claims, Quantum computing capabilities and power transcend that of current computing, making todays information vulnerable to quantum computing attacks and data breaches. Organisations need to start assessing their cybersecurity posture from a quantum-safe perspective.

As computing power increases exponentially, the tools needed to secure critical data and assets must stay several steps ahead, said Bill Bartee, Partner at Main Sequence. Dr. Sharma and the team at QuintessenceLabs are global leaders in developing quantum-based cybersecurity tools that help protect sovereign and commercially sensitive information. Were excited to support the QuintessenceLabs team as they scale their business and provide customers with a critical layer of protection.

Define soon

In its funding announcement, QuintessenceLabs says quantum cybersecurity will soon become mainstream and will be one of the critical pillars of a robust cybersecurity strategy for most organisations.

Writing in Telefonica earlier this year Gonzalo lvarez Maran noted that presently, only 1 per cent of organisations are investing in quantum computing and quantum computers, although he does note an expectation that in a decade or two we will be enjoying error-free quantum computers of thousands of qubits."

In the current world of real things, the largest quantum computer is IBM's Quantum System One at 65 bits. It still has aspirations to launch a 127 quantum bit computer this year, although the clock is ticking.

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Investors like the appeal of Quantum computing, but reward comes with risk - iTnews

Forget what Goldman Sachs said about useful quantum computing being five years away in finance. Banks can already get a 100-fold advantage by using quantum computers to solve problems such as portfolio optimisation and fraud detection fraud, says Spanish startup Multiverse Computing.

The company, which raised a 10m seed funding round today, has developed a quantum software product that it is supplying to customers including BBVA, Bankia the European Tax Agency and the Bank of Canada.

For problems like optimising investment portfolios and detecting fraud, quantum computers can already outperform classical computers.

It depends on the problem you are trying to solve, says Enrique Lizaso, chief executive. For some problems like optimising investment portfolios and machine learning to detect banking fraud, quantum computers can already outperform classical computers today.

Tasks like thesecan be done 100 times faster using quantum rather than classical computers, even though todays quantum computers are still relatively limited, with less than 100 qubits and high error rates.

Goldman Sachs which has been working with quantum startup QCWare to test out practical applications has estimated that it would take machines with 7500 qubits and five more years for quantum computing to be of practical use to the financial services industry. Jeremy OBrien, CEO of photonic quantum computing company PsiQuantum, says quantum computers must reach 1m qubits something he believes is a decade away to be useful.

However, by focusing on problems that are particularly well suited to quantum computers, Multiverse says it is possible to get quantum advantage even with todays small, error-prone machines.

The San Sebastian-headquartered company matches the algorithm, on the back end, to a particular type of quantum computer that is best suited for that problem. For example D-Waves machines are good for optimisation problems while IBM and IonQs quantum computers perform better on machine learning, says Lizaso.

Other types of problems can still be tricky to solve with quantum computing, such as working out pricing for complex financial instruments (which relies on running so-called Monte Carlo simulations that QC Ware and Goldman Sachs were looking at) or for large-scale simulations. For these, we are likely to need quantum machines with larger numbers of qubits.

Imagine an early computer in the 1970s and asking it to be able to recognise voice and search the internet it would be impossible. But you could use it to run a spreadsheet.

Imagine an early computer in the 1970s and asking it to be able to recognise voice and search the internet it would be impossible. But you could use it to run a spreadsheet, it would still be useful. Thats what it is like with quantum computers today, says Lizaso.

Given the fierce competition in the industry to hire top talent and to win relationships with the biggest clients, Multiverse wants to grow quickly. The company is aiming to expand the service into other sectors such as energy and grow headcount from the current 27 staff to close to 50 by the end of this year, and to more than 200 by 2027. The company is planning to raise a further 50m next year.

You have to grow like hell at the moment.

You have to grow like hell at the moment, says Lizaso, noting that many of Multiverses competitors are large tech incumbents like IBM and Google, and that quantum software rival Cambridge Quantum Computing recently merged with Honeywell to give itself more firepower.

Multiverses seed round was led by JME Ventures and also included Quantonation, EASO Ventures, Inveready, Mondragn Fondo de Promocin, Ikerlan, LKS, and Penja Strategy.

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Quantum algorithms that speed up banking operations 100x are here - Sifted