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1QBit

QuantumAIVancouver, BC

Vancouver-based quantum software company (1QB Information Technologies) building design and benchmarking tools for utility-scale quantum computation, applied to optimization, finance and chemistry.

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About

Company site: 1qbit.com

Vancouver-based quantum software company (1QB Information Technologies) building design and benchmarking tools for utility-scale quantum computation, applied to optimization, finance and chemistry.

  • Entered a strategic partnership with Fujitsu in 2016 to co-create the Digital Annealer ASIC and industrial software for physics simulation engines, per its company timeline. 1qbit.com

  • States that a joint DARPA proposal with HPE was accepted in 2022, leading to a long-term collaboration on advanced hardware for intelligence processing. 1qbit.com

  • Operates offices in Vancouver, Waterloo and Sherbrooke with a distributed Canadian workforce. 1qbit.com

  • Lists "applications of novel AI and optimization methods to high-value industry problems" as the first of three service lines on its services page. 1qbit.com

  • Built XrAI, described as a machine learning clinical decision support tool for chest X-ray interpretation, announced in 2020; current availability is not stated on its site. 1qbit.com

Funding & Investors

Announced rounds only, newest first. Undisclosed amounts are shown as undisclosed.

  1. Series B

    Nov 28, 2017

    Investors: Fujitsu, Accenture, Allianz, The Royal Bank of Scotland, CME Ventures

  2. Series A

    Jun 9, 2014

    Investors: CME Group

Total disclosed: C$45.0MLatest: Series B · Nov 28, 2017

Partnerships

Publicly announced partnerships.

D-Wave Systems

Named a partner in D-Wave's quantum application ecosystem, building toolsets for finance problems such as portfolio optimization and trading strategy development (2014).

Fujitsu

Partnership to develop applications for combinatorial optimization and machine learning running on Fujitsu's digital annealer (2017).

IBM

One of eight startups accepted into the IBM Q Network, gaining access to IBM quantum computers, APIs and software tools (2018).

Microsoft

Launch partner of Microsoft's Azure Quantum cloud ecosystem alongside Honeywell, IonQ and QCI (2019).

DARPA

States on its site that it was invited to participate in DARPA's Quantum Benchmarking Initiative (QBI), guiding quantum computing towards utility-scale compute.

Government & Grants

Government support actually received. Unpublished amounts are left out.

  1. PacifiCan — Regional Quantum Initiative (TopQAD commercialization)

    C$3.5M2024newswire.ca

People

Sourced from the company's own pages or announcements.

Andrew Fursman

Co-founder & CEO

Landon Downs

Co-founder

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