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1QBit

1QBit

A quantum computing software company that partners with industry and academia to build computer applications that can improve with advances in both quantum and classical computing. The company’s mission is to apply computation breakthroughs to machine intelligence and optimization science using their hardware-agnostic software platform.

OverviewStructured DataIssuesContributors

Contents

1qbit.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Quantum computing
Quantum computing
Quantum technology
Quantum technology
Information technology
Information technology
Software
Software
Computing
Computing
Technology
Technology
Artificial Intelligence (AI)
Artificial Intelligence (AI)
Location
Delta, British Columbia
Delta, British Columbia
Vancouver
Vancouver
Canada
Canada
B2X
B2B
B2B
0
B2C
B2C
CEO
Andrew Fursman
Andrew Fursman
Founder
Andrew Fursman
Andrew Fursman
AngelList URL
angel.co/1qbit
Legal classification
Privately held company
Privately held company
Date Incorporated
2012
Number of Employees (Ranges)
51 – 2000
Email Address
communications@1qbit.com
Number of Employees
880
Investors
CME Ventures
CME Ventures
Digital Ventures
Digital Ventures
Fujitsu
Fujitsu
Accenture
Accenture
Allianz
Allianz
Fluxus Ventures
Fluxus Ventures
SCB 10X
SCB 10X
Singularity University Ventures
Singularity University Ventures
...
Founded Date
2012
0
Total Funding Amount (USD)
34,222,000
Latest Funding Round Date
November 2017
Competitors
Alice & Bob
Alice & Bob
Horizon Quantum Computing
Horizon Quantum Computing
Glassdoor ID
867487
Latest Funding Type
Series B
Series B
Wellfound ID
1qbit
Country
Canada
Canada
Headquarters
Vancouver
Vancouver

Other attributes

Blog
1qbit.com/our-thinking/
Company Operating Status
Active
Latest Funding Round Amount (USD)
33,722,000
Wikidata ID
Q17507626

1QBit (1QB) aims to leverage the optimal use of computing power at all points along the trajectory as quantum technology changes computing design. 1QBit, founded by entrepreneurs and researchers, is working to move quantum computing from theory to application. The company attracts global talent in the areas of mathematics, engineering, physics, chemistry, operations research and software development.

QBit CEO and co-founder Andre Fursman explained their company’s niche in this quote in CanTech Letter, “What QBit has done is act as a bridge between technology at the fundamental level, the new hardware that’s being produced, and the real world applications,” further saying that new generations of quantum computing hardware will solve large problems in industries like finance and biology.

Technology

1QBit’s partners’ applications are built on their API in their preferred programming language. The API uses their internal software development kit (SDK) which is able to solve NP-complete problems using both classical and quantum hardware. 1QBit researchers develop novel algorithms and techniques, adding them to the platform so that partners can make use of new advances without making updates to their applications. New versions of hardware are release and added and then accessed by their partners applications built on 1QBit API.

Funding, partners and awards

1QB investors include the Chicago Mecantile Exchange, local peer D-Wace Systems and the Royal Bank of Scotland. Microsoft Quantum announced new collaboration with 1QBit in 2018. 1QBit will have access to Microsoft’s Quantum Development Kit and resources that come with the Microsoft for Startups program.

1QBit was named a global Technology Pioneer by The World Economic Forum in 2015, recognizing their leadership and ability to impact the world.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Technology Pioneer 2015 | Andrew Fursman (1QBit)

https://www.youtube.com/watch?time_continue=143&v=cppLLaBbfBU

Aug 4, 2015

References

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