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📰 News: 📰 🌟 Exploring Quantum Solutions for SMBs: The Key to Efficiency 🌟 🚀 Quantum Circuits, Inc. secures final Series B investment of over $60 million as they gear up to unleash their game-changing quantum systems with built-in error detection. This breakthrough technology promises scalable and higher-fidelity computing, taking the world of business by storm! 💼 Led by ARCH Venture Partners, F-Prime Capital, Sequoia Capital, and Hither Creek Ventures, this investment round also includes heavy-hitters such as Canaan Partners, Fitz Gate Ventures, In-Q-Tel, Osage University Partners, Connecticut Innovations, Tao Capital Partners, and Tribeca Venture Partners. ⚡ Quantum Circuits, a spinout from Yale University, has its sights set on delivering unprecedented accuracy, performance, and scalability for quantum systems. Their innovative approach, featuring a powerful dual-rail qubit with built-in error detection, guarantees consistent and repeatable computing results – a game-changer for businesses seeking commercially viable systems. 🔋 President and CEO Ray Smets states, "Our full-stack quantum computing solution with error detection empowers algorithm developers to create cutting-edge solutions and achieve better results needed for commercial applications." The comprehensive Series B investment highlights the industry's unwavering confidence in their approach. ✨ Join the conversation and dive into the world of quantum computing! Share your thoughts and let us know how you envision the future of businesses with this transformative technology. And don't forget to follow Spin Quantum Tech for more exciting updates! 💫 -QuantumComputing -Innovation -BusinessEfficiency -QuantumSolutions -FutureTechnology -SpinQuantumTech -TransformingTheWorld #Future #Futurism #Innovation #Business #ArtificialIntelligence #QuantumComputing #SQT https://lnkd.in/ebyQEHhU

I'm a big fan of VC, but the focus needs to be on taking off the shelf technology and assembling it in novel ways, innovating to fill in any gaps, but NOT doing inventing from scratch or focusing on basic, fundamental research where the outcome is not assured. Too many DeepTech projects are really just using VC money as if it were a stream of research grants. That's rarely going to end well. If you don't have the components, science, and engineering know-how firmly in hand to the point where you can get to a minimum viable product (MVP) in little more than a year, then you should NOT be consuming valuable, high-octane VC funds. I'm just as big a fan of basic and fundamental and applied research as I am of VC, but... never the twain should meet. Finish your research BEFORE you get even your first $1 of VC funding. But, that said, these days there is no shortage of VC investors willing to chase after sketchy research projects masquerading as "startups". Sigh... #VentureCapital #VC #QuantumHype #Hype #QuantumComputing #QuantumApplications #QuantumAlgorithms #QuantumInformationScience #QIS #QuantumTechnologies #QuantumTech #Quantum

Interesting to read about the experience with Quantonation's first fund dedicated to quantum technologies, as well as Christophe Jurczak's proposals for co-design centres. "At this early stage in the construction of the global quantum innovation ecosystem, investors, philanthropists, startup founders, academics, corporate managers and government representatives should think collectively about the design of the ecosystem they want to build and acknowledge how innovation and industrialization are different from fundamental research. VC has a role to play in this construction, not only through financial contributions." https://lnkd.in/errRvwG7 #quantum #innovation #VC #startups

Complain or campaign? Australian quantum startups reacting to the government’s funding of PsiQuantum have a choice in how they spend the sudden wave of media attention. Most seem to choose the latter, reflecting how the heavy drop in private venture capital (especially the “end of the easy SoftBank and Saudi money” as one VC told me) has driven a renewed competition for mindshare and… results. Australia has punched well above its weight in quantum, and while there’s a lot of noise about sovereign funds, what’s most interesting to me are the founders putting their own capital in, and the investors outside of the handful of name brand venture funds who are making repeat investments in this space. That’s the quiet story, and those stories will bubble up as the opportunity presents itself. Whatever the government of the day does, it’s still the capital markets and entrepreneurs that drive the progress from “science to technology to engineering to product”. More power to everyone making that effort, the majority of who are often hidden in (pardon the pun) this noisy era of quantum. https://lnkd.in/g4zwufdF

Ever wondered how the ancient, purple Earth connects to modern venture capital? 🌍💡 In the latest #AtomsandBits article, Peter Barrett takes us on a journey from natural innovations like photosynthesis to quantum computing. This isn't just about the next big thing in tech - it's about reshaping civilization itself with thoughtful capital deployment and leveraging deep technology to address pressing problems, including climate change, disease, and security. Quantum computing stands as a beacon of transformative power, promising solutions to energy, health, and much more. For more insights, read on: https://lnkd.in/gpa3pQbA

I’ve had the pleasure to attend the Chicago Quantum Summit 2023 organized by the Chicago Quantum Exchange at the University of Chicago. It is extremely exciting to see the quantum scientific and industrial community coming together to accelerate the development of quantum technologies! 🔬 The Summit gathers some of the best minds in academia, industry, startups, investment, and government. I found interesting, and somewhat alarming, the shared view that the quantum industry is extremely underinvested, especially in the Western world… A couple other trends that I found exciting are the emphasis on quantum networking and communications, as it will be the backbone of the quantum future; and the rapid adoption of quantum-inspired algorithms by industry, especially in finance and healthcare. Excited to see what’s to come! ⚛️ #uchicago #quantum #cqe #quantumprairie #quantumcomputing

"Are you keeping pace with the frontier of tech innovation? 🚀 Despite a global tech investment slowdown, quantum technology bucks the trend! A new report unveils that while VC funding waned, more than $40 billion in government backing is supercharging the quantum leap. 🌐 With 30+ nations invested and 300+ organizations gearing up for quantum readiness, it's clear that this is not just a flash in the pan but a strategic move to the future of computing. Dive into my latest blog post to uncover why the quantum race is only heating up and how it's reshaping our AI-driven world. 💡 #QuantumComputing #TechnologyInvestment #Innovation #FutureTech"

We're proud to support Riverlane, the global leader in quantum error correction technology, by investing in their $75 million Series C round alongside Planet First Partners, EDBI Pte Ltd, ETF Partners, Amadeus Capital Partners, AltaIR Capital, and NSSIF🚀 Having first invested in Riverlane during their seed round in 2019, CIC has continued to back them in every subsequent round, making Riverlane the first European quantum computing start-up to achieve a Series C raise. CIC identifies and supports top entrepreneurs in knowledge-intensive fields, helping them create world-leading companies with transformative global impacts. Riverlane's focus on quantum error correction and collaborations with quantum computer manufacturers worldwide can advance the global market and foster innovative applications that address social and environmental challenges in pharmaceuticals, chemicals, material science, and transportation 🌍 https://lnkd.in/gqnRaFp9 #QuantumComputing #Entrepreneurship #Impact

Congratulations Ilana Wisby and Oxford Quantum Circuits team on the performance and potential underpinning your $100m growth capital raise led by SBI Investment Story via UK Tech News Today also marks the public launch of the company’s 32-qubit quantum computing platform Toshiko. Its platform is aimed at businesses and can be installed in commercial data centres. “To solve the world’s most pressing challenges – from climate change to accelerated drug discovery – we need to put quantum computers in the hands of humanity and at the fingertips of our most brilliant minds,” said Ilana Wisby, CEO of Oxford Quantum Circuits. Oxford Quantum Circuits told UKTN it looks to close in “early 2024”. The Series B saw previous backers Oxford Science Enterprises, University of Tokyo Edge Capital, Lansdowne Partners and OTIF take part. Support from the Japanese investor follows the quantum startup’s ambitions to expand into Japan after it secured £869,000 in extra funds in February. Based in Reading, Oxford Quantum Circuits scooped £38m for its Series A in July last year. While quantum computers promise far greater computing power than classical computers, they face many challenges such as reducing the error rate and improving stability. https://lnkd.in/ek3vN9b2 #DeepTech #7Cs #Leadership #GlobalChampions

Future Labs Capital Fuels Quantum Computing Innovator qBraid for Global Expansion The private equity firm Future Labs Capital invests in qBraid, a quantum computing software platform, for global expansion. qBraid facilitates quantum computing hardware and software development, aiming to advance bioinformatics. This investment fosters talent acquisition, strategic partnerships, and product development, notably supporting federal contracts. Future Labs Capital's collaboration with Massachusetts Institute of Technology further enhances qBraid's growth trajectory. With a focus on bridging the quantum software engineering gap, qBraid aims to empower developers and innovate across sectors, emphasizing quantum machine learning and bioinformatics. The investment signals a pivotal moment in quantum computing's evolution, driving collaboration and technological advancement. Kanav Setia #FutureLabsCapital #qBraid #quantumcomputing #softwareplatform #investment #MIT #bioinformatics #machinelearning #technologicaladvancement