1QBit

1QBit develops quantum software and applications for complex computational problems in finance, healthcare, and logistics, focusing on quantum-enhanced optimization algorithms and quantum machine learning techniques that provide practical advantages over classical approaches while offering consulting services to help enterprises integrate quantum computing into their operations.

Company Information

• Founded: 2012
• Country: Canada
• Website: https://1qbit.com
• Categories: quantum software, quantum consulting

Key People

Andrew Fursman (CEO), Landon Downs (Co-founder)

Investment Information

• Status: private
• Total Raised: $75M
• Last Valuation: $350M

Recent Funding Rounds

• 2021-09-14: series-b - $45M - Series B funding round
• 2018-03-20: series-a - $30M - Series A funding round

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Alibaba Quantum

Alibaba Quantum is the quantum computing research division of Alibaba Group established in 2015 that develops quantum computing technologies, quantum cloud services, and quantum algorithms for practical applications, operating quantum simulators and providing quantum computing access through Alibaba Cloud while conducting fundamental research in quantum information science, quantum algorithms, and quantum hardware development to advance China’s quantum computing capabilities and integrate quantum technologies into Alibaba’s cloud and AI services ecosystem.

Baidu Quantum

Baidu Quantum is the quantum computing division of Chinese tech giant Baidu established in 2018 that develops quantum computing platforms, quantum cloud services, and quantum algorithms while conducting fundamental research in quantum information science, providing quantum computing access through cloud platforms and developing quantum software tools and simulators to advance China’s quantum computing capabilities and integrate quantum technologies into Baidu’s AI and cloud services ecosystem for practical applications.

Fujitsu

Fujitsu develops quantum-inspired computing services through their Digital Annealer technology and quantum research programs, providing optimization solutions that leverage quantum-inspired algorithms to solve complex combinatorial optimization problems for enterprise customers, while conducting fundamental quantum computing research and developing quantum technologies including quantum simulators and quantum software tools to advance Japan’s quantum computing ecosystem and integrate quantum capabilities into Fujitsu’s enterprise services portfolio.

Company Information

• Founded: 2018
• Country: Japan
• Website: https://fujitsu.com
• Categories: quantum consulting

Key People

Shintaro Sato (Head Quantum Computing), Jun Sawada (President)

LG Electronics

LG Electronics conducts quantum computing research and development through their advanced technology research divisions, exploring quantum computing applications in display technology, semiconductor manufacturing, artificial intelligence, and consumer electronics optimization, investigating quantum algorithms for materials simulation, supply chain optimization, and manufacturing process enhancement while participating in South Korea’s national quantum initiative and collaborating with academic institutions and research organizations to develop quantum technologies that could enhance LG’s diverse product portfolio spanning home appliances, mobile devices, automotive components, and energy solutions.

NTT

NTT (Nippon Telegraph and Telephone) develops quantum networking and quantum computing services through their quantum research programs, focusing on quantum communication networks, quantum key distribution systems, and quantum internet infrastructure while conducting research in quantum computing technologies, providing quantum-safe communication services and developing quantum network protocols to enable secure quantum communications and distributed quantum computing applications across Japan’s telecommunications infrastructure.

Company Information

• Founded: 2019
• Country: Japan
• Website: https://ntt.com
• Categories: quantum consulting

Key People

Akira Furusawa (Senior Researcher), Atsushi Tackeuchi (Senior VP)

NVIDIA

NVIDIA provides quantum computing services and infrastructure through their CUDA Quantum platform and DGX Quantum systems that enable hybrid quantum-classical computing by combining quantum processors with NVIDIA’s GPU-accelerated computing platform, offering quantum simulation capabilities, quantum circuit optimization, and quantum machine learning tools that leverage classical GPU computing to enhance quantum algorithm development and execution across various quantum hardware platforms.

Company Information

• Founded: 2021
• Country: USA
• Website: https://nvidia.com/quantum
• Categories: quantum consulting

Key People

Timothy Costa (Director HPC), Steve Scott (VP Engineering)

QC Ware

QC Ware provides enterprise quantum computing software and consulting services through their Forge platform, enabling companies to develop and deploy quantum algorithms for optimization, machine learning, and simulation applications while offering quantum-ready solutions and quantum advantage assessments for businesses preparing for the quantum computing transition.

Company Information

• Founded: 2014
• Country: USA
• Website: https://qcware.com
• Categories: quantum software, quantum consulting

Key People

Stefan Woerner (CEO), Matt Johnson (Co-founder)

Investment Information

• Status: private
• Total Raised: $31.5M
• Last Valuation: $200M

Recent Funding Rounds

• 2021-02-24: series-b - $25M - Series B funding for quantum computing software and cloud services
• 2018-04-10: series-a - $6.5M - Series A funding round

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QuantumBasel

QuantumBasel is a Swiss quantum computing hub and innovation center established in 2022 that brings together quantum technology companies, research institutions, and industry partners to accelerate quantum computing development and commercialization in Switzerland, providing collaborative workspace, business development support, and technology transfer services for quantum startups and established companies, fostering Switzerland’s quantum ecosystem through networking events, technical workshops, and partnership facilitation while supporting the growth of quantum technologies in finance, pharmaceuticals, logistics, and other industries where Swiss companies seek quantum advantages in optimization, simulation, and machine learning applications.

Samsung

Samsung conducts quantum computing research and development through their advanced technology divisions, focusing on quantum hardware components, quantum algorithms, and quantum applications that could enhance Samsung’s semiconductor, display, and mobile technologies, while exploring quantum computing applications in materials science, cryptography, and optimization problems relevant to Samsung’s diverse technology portfolio and South Korea’s national quantum initiatives.

Company Information

• Founded: 2020
• Country: South Korea
• Website: https://samsung.com
• Categories: quantum consulting

Key People

Seung-Woo Lee (VP), Young-Hwan Kim (SVP)

SandboxAQ

SandboxAQ is an enterprise quantum and AI company spun out of Alphabet in 2022, focusing on commercially viable applications that leverage quantum physics and quantum-inspired technologies. Led by CEO Jack Hidary, the company has secured $500 million in funding to develop quantum solutions for simulation, optimization, sensing, and cryptography applications. SandboxAQ’s approach combines quantum computing, quantum sensing, and AI to solve complex problems across industries including pharmaceuticals, materials science, telecommunications, and financial services. The company offers quantum-ready cryptography solutions to help organizations prepare for the post-quantum cryptography era, as well as quantum simulation platforms for drug discovery and materials research. SandboxAQ’s customer base includes large enterprises and government agencies seeking to leverage quantum technologies for competitive advantage. The company’s combination of quantum expertise, enterprise focus, and significant financial backing positions it as a major player in the commercialization of quantum technologies across multiple sectors.

SK Telecom

SK Telecom is South Korea’s largest telecommunications company that has pioneered the integration of quantum cryptography with 5G networks, developing quantum key distribution systems for ultra-secure mobile communications and quantum-safe encryption protocols for next-generation telecommunications infrastructure, demonstrating quantum-secured voice calls and data transmission over commercial 5G networks while building South Korea’s national quantum communication infrastructure and collaborating with government agencies and research institutions to advance quantum networking technologies for secure communications across telecommunications, finance, and government sectors.

Terra Quantum

Terra Quantum provides quantum-as-a-service solutions and develops quantum algorithms for enterprise applications, offering cloud-based access to quantum computing resources and consulting services to help organizations leverage quantum technologies for solving complex optimization, simulation, and machine learning problems across various industries.

Company Information

• Founded: 2019
• Country: Switzerland
• Website: https://terraquantum.swiss
• Categories: quantum software, quantum consulting

Key People

Markus Pflitsch (Founder, CEO), Valerii Vinokur (Chief Science Officer)

Investment Information

• Status: private
• Total Raised: $120M
• Last Valuation: $450M

Recent Funding Rounds

• 2024-06-05: series-b - $75M - Series B funding for quantum algorithms and cloud platform
• 2022-09-20: series-a - $45M - Series A funding round

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