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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Abe Quantum Solutions

Abe Quantum Solutions is a Canadian quantum communication company developing quantum key distribution systems and quantum secure communication networks for enterprise and government applications. The company specializes in practical quantum cryptography implementations, quantum network infrastructure, and secure quantum communication protocols for protecting sensitive data transmission. Abe Quantum provides consulting services for quantum security implementations and develops custom quantum communication solutions for organizations requiring the highest levels of security for their data transmission and communication networks, contributing to Canada’s quantum technology ecosystem and advancing quantum cryptography applications for critical infrastructure protection.

Adaptive Finance Technologies

Adaptive Finance Technologies is a Canadian fintech company founded in 2020, developing quantum-enabled, AI-driven investment management solutions for institutional and retail investors. The company combines quantum computing capabilities with artificial intelligence to create advanced portfolio optimization, risk management, and algorithmic trading systems that can process complex financial data and market conditions. Adaptive Finance Technologies provides quantum-enhanced investment platforms, risk analysis tools, and automated trading systems that leverage quantum algorithms for optimization problems in financial markets. The company serves investment managers, hedge funds, pension funds, and financial institutions seeking advanced computational capabilities for investment decision-making and portfolio management applications.

Agnostiq

Agnostiq is a Toronto-based quantum computing SaaS company founded in 2018 that has developed Covalent, an open-source workflow orchestration platform that democratizes access to quantum and high-performance computing resources, enabling researchers and developers to seamlessly orchestrate experiments across heterogeneous computing environments including quantum processors, CPUs, GPUs, and cloud resources through intelligent task scheduling and modular Python components, with $2 million in funding and evolution to commercial Covalent Cloud platform for AI infrastructure management.

Anyon Systems

Anyon Systems specializes in quantum hardware components and integration services, providing cryogenic systems, quantum device packaging, and custom quantum hardware solutions that enable researchers and companies to build and operate quantum computing systems with focus on practical implementation and system integration.

Company Information

• Founded: 2014
• Country: Canada
• Website: https://anyonsys.com
• Categories: quantum processors

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Boxcat

Boxcat is a Canadian quantum computing company developing quantum algorithms and machine learning applications for complex data analysis and optimization problems. The company specializes in quantum machine learning platforms, quantum data analytics tools, and hybrid quantum-classical algorithms for processing large datasets and solving optimization challenges that benefit from quantum computing advantages. Boxcat provides quantum software development services and creates custom quantum applications for clients in finance, healthcare, and technology sectors, focusing on quantum-enhanced data science and machine learning applications that can deliver computational advantages over classical approaches for specific problem domains.

BTQ

BTQ is a Canadian post-quantum blockchain company founded in 2021 that develops quantum-resistant blockchain technologies and distributed ledger systems designed to remain secure against quantum computer attacks, creating post-quantum cryptographic implementations for blockchain networks, cryptocurrency systems, and decentralized applications, providing quantum-safe blockchain solutions, post-quantum digital signatures, and quantum-resistant consensus mechanisms that enable blockchain and cryptocurrency systems to maintain security and integrity even when cryptographically relevant quantum computers become available to adversaries.

CogniFrame Inc

CogniFrame Inc is a Canadian quantum software company developing quantum machine learning platforms and quantum artificial intelligence applications for enterprise customers. The company specializes in quantum-enhanced AI algorithms, quantum neural networks, and hybrid quantum-classical machine learning systems that can process complex datasets and optimization problems beyond the capabilities of classical computing systems. CogniFrame provides quantum AI consulting services and develops custom quantum machine learning solutions for clients in finance, healthcare, and technology sectors, focusing on applications where quantum computing can provide computational advantages in pattern recognition, optimization, and predictive analytics.

Compute Everything Technologies

Compute Everything Technologies is a Canadian quantum software company developing quantum simulation and computational tools for materials science applications, focusing on quantum algorithms for molecular modeling, materials discovery, and chemical simulation. The company provides quantum software platforms for researchers and enterprises in materials science, chemistry, and pharmaceutical industries seeking to leverage quantum computing advantages for complex molecular simulations and materials property calculations. Compute Everything Technologies specializes in quantum chemistry algorithms, materials simulation software, and consulting services for organizations developing new materials, catalysts, and chemical compounds using quantum-enhanced computational approaches.

Crypto4A Technologies

Crypto4A Technologies is a Canadian cybersecurity company developing quantum-safe cryptographic solutions and post-quantum cryptography systems to protect against future quantum computing threats. The company provides quantum-resistant encryption technologies, secure key management systems, and cryptographic hardware security modules designed to maintain security even in the presence of quantum computers capable of breaking traditional encryption methods. Crypto4A serves government agencies, financial institutions, and enterprise customers requiring long-term cryptographic protection, offering consulting services and implementation support for transitioning to quantum-safe security architectures that will remain secure against both classical and quantum computing attacks.

D-Wave

D-Wave Systems pioneered commercial quantum computing as the world’s first company to sell quantum computers, specializing in quantum annealing systems for optimization problems with their latest Advantage system featuring over 5,000 qubits with 15-way connectivity, serving 133 total customers including Lockheed Martin (since 2010), Google/NASA (since 2013), BASF, Deloitte, and MasterCard through their Leap cloud platform, demonstrating quantum advantage in applications across logistics, scheduling, machine learning, and financial modeling with over 150 customer-developed applications.

evolutionQ

evolutionQ is a Canadian quantum-safe cybersecurity company founded in 2015 that specializes in quantum risk assessment and post-quantum cryptography solutions, developing tools and services that help organizations evaluate their vulnerability to quantum computing threats and implement quantum-safe security measures, providing cryptographic migration services, quantum risk analysis, and post-quantum cryptography consulting that enables enterprises and government agencies to transition from classical encryption to quantum-resistant security systems before the advent of cryptographically relevant quantum computers threatens current encryption standards.

Nanoacademic

Nanoacademic Technologies is a Montreal-based quantum simulation software company founded in 2008 that develops atomistic and quantum modeling tools including QTCAD (the world’s first commercial finite-element modeling software for spin qubits), NanoDCAL for quantum transport, and RESCU for nanophysics simulation, enabling researchers to predict properties of next-generation materials and quantum devices before manufacturing, serving academic, government, and corporate quantum researchers with 13+ years of in-house developed algorithms and consultancy services for advanced modeling support.

Nord Quantique

Nord Quantique is a pioneering quantum error correction company founded in 2020 in Sherbrooke, Quebec, that develops fault-tolerant quantum computers using bosonic codes and multimode encoding with their breakthrough Tesseract code, exploiting the natural redundancy of photons within quantum modes to achieve built-in error resilience without requiring more physical qubits, demonstrating industry-first quantum error correction at the qubit level with plans to deliver utility-scale machines exceeding 100 logical qubits by 2029 while consuming dramatically less energy than classical HPC systems.

Phaseshift Technologies

Phaseshift Technologies is a Canadian quantum software company founded in 2020 that develops comprehensive quantum software solutions including quantum development frameworks, simulation tools, and quantum algorithm implementations, providing software platforms that enable organizations to explore quantum computing applications and develop quantum algorithms for optimization, machine learning, and scientific computing problems, bridging the gap between quantum theory and practical quantum computing applications for enterprises and researchers.

Company Information

• Founded: 2020
• Country: Canada
• Website: https://phaseshift.com
• Categories: quantum software

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Photonic Inc

Photonic Inc develops fault-tolerant quantum computers using silicon photonic technology and spin-photon interfaces to create distributed quantum systems that can operate at telecommunications wavelengths, enabling networking capabilities and room-temperature operation for quantum computing applications in optimization, machine learning, and distributed quantum computing networks.

Company Information

• Founded: 2016
• Country: Canada
• Website: https://photonic.com
• Categories: quantum processors

Key People

Stephanie Simmons (Founder, CEO)

Investment Information

• Status: private
• Total Raised: $109M
• Last Valuation: $400M

Recent Funding Rounds

• 2023-03-14: series-a - $100M - Series A funding round led by Microsoft
• 2021-04-08: seed - $9M - Seed funding round

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ProteinQure

ProteinQure leverages quantum molecular simulations and AI to accelerate drug discovery and development, using quantum-enhanced computational methods to model complex molecular interactions and protein dynamics that are challenging for classical computers, enabling more accurate predictions of drug efficacy and safety for pharmaceutical applications.

Company Information

• Founded: 2017
• Country: Canada
• Website: https://proteinqure.com
• Categories: quantum pharma

Key People

Moe Nadeem (Co-founder, CEO), Trent McConaghy (Co-founder)

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QEYnet

QEYnet is a Canadian quantum key distribution network company founded in 2020 that develops and operates quantum communication networks for secure key distribution services, creating QKD network infrastructure and providing quantum-safe communication services that enable organizations to establish ultra-secure communication channels protected against both classical and quantum computing threats, offering managed QKD services, network integration solutions, and quantum-safe connectivity for government agencies, financial institutions, and enterprises requiring the highest levels of communication security through quantum cryptographic protocols and quantum network infrastructure.

Quantropi

Quantropi is a Canadian quantum-safe security company founded in 2018 that develops a comprehensive quantum-safe security platform combining quantum key distribution, post-quantum cryptography, and quantum random number generation technologies, providing end-to-end quantum-safe solutions that protect data and communications against both current and future quantum computing threats, offering cloud-based quantum security services, quantum-safe APIs, and integrated security solutions for enterprises, government agencies, and telecommunications providers seeking to implement quantum-resistant security infrastructure across their networks and applications.

Quantum Benchmark

Quantum Benchmark was a Canadian quantum software company founded in 2017 that specialized in quantum error diagnostics and quantum performance validation tools, developing True-Q software for quantum error characterization, gate set tomography, and quantum processor benchmarking that enabled quantum computing companies to optimize their systems and validate quantum operations, providing essential tools for quantum hardware development and quality control before being acquired by Keysight Technologies to enhance their quantum test and measurement portfolio, bringing advanced quantum error diagnostics capabilities to Keysight’s comprehensive quantum computing test solutions.

Quantum Bridge Technologies

Quantum Bridge Technologies is a Canadian quantum networking company founded in 2019 as a University of Toronto spinout by Mattia Montagna (CEO) and Hoi-Kwong Lo (CTO), pioneering quantum-safe communications and quantum networking infrastructure. The company develops quantum key distribution systems, quantum repeaters, and quantum-safe cybersecurity solutions, partnering with Juniper Networks to advance industry-first quantum-safe networking solutions for enterprise and government applications. Professor Hoi-Kwong Lo, co-inventor of the all-photonic quantum repeater and ranking among the world’s top quantum cryptography researchers, brings decades of experience from Hewlett-Packard and MagiQ Technologies. Quantum Bridge focuses on building quantum networking infrastructure that enables secure quantum communications and distributed quantum computing applications, developing quantum-safe protocols and hardware for protecting critical infrastructure against both classical and quantum computing threats.

Quantum eMotion

Quantum eMotion is a Canadian quantum security company founded in 2007 that develops quantum random number generators and quantum entropy sources for cybersecurity applications, creating hardware-based quantum random number generation systems that leverage quantum physical processes to produce true randomness essential for cryptographic keys, digital signatures, and secure protocols, providing quantum entropy solutions, random number generation hardware, and quantum-safe entropy services for cybersecurity companies, telecommunications providers, and organizations requiring certified high-quality randomness for encryption, authentication, and secure communications applications.

SBQuantum

SBQuantum is a Canadian quantum sensing company founded in 2017 that develops quantum magnetic sensors and magnetometry systems using optically pumped magnetometers and diamond NV centers for ultra-sensitive magnetic field detection, providing quantum sensors for geophysical surveys, medical diagnostics, security screening, and fundamental physics research applications that require femtotesla-level magnetic field sensitivity, serving research institutions, mining companies, and security organizations with quantum magnetometers that can detect buried objects, monitor brain activity, and measure weak magnetic signals in challenging environments where traditional sensors lack sufficient sensitivity.

SilQ Connect

SilQ Connect is a Quebec-based quantum technology startup that secured pre-seed funding to develop microwave-optical quantum interconnects, addressing key infrastructure challenges in quantum computing networks. The company specializes in developing quantum interconnect technologies that enable communication between quantum processors and quantum computing systems, focusing on microwave-optical conversion technologies essential for scaling quantum computing architectures. SilQ Connect works on quantum networking infrastructure, quantum communication protocols, and quantum system integration technologies that enable distributed quantum computing and quantum networking applications. The company contributes to Canada’s quantum technology ecosystem by advancing quantum interconnect technologies and quantum networking capabilities for next-generation quantum computing systems.

SuperQ Quantum Computing Inc.

SuperQ Quantum Computing develops a hybrid platform called “Super” that combines quantum annealing, gate-based quantum computing, and high-performance computing with a ChatGPT-like interface. The company aims to democratize quantum computing access by removing technical barriers for organizations and individuals to practically use quantum and supercomputing. SuperQ completed its first revenue contract in July 2025 through collaboration with D-Wave Quantum Inc. on agricultural quantum optimization and trades on the Canadian Securities Exchange under symbol QBTQ.

Xanadu

Xanadu is a leading photonic quantum computing company that has pioneered the development of room-temperature, networkable quantum computers using squeezed light and integrated photonics. Founded in 2016, the company has developed the X-Series of photonic quantum computers, including the 216-mode Borealis system that demonstrated quantum computational advantage in Gaussian boson sampling by completing tasks in 36 microseconds that would take classical computers over 9,000 years. Xanadu’s unique approach uses continuous-variable quantum computing with photons, offering advantages in networking capabilities and room-temperature operation compared to other quantum technologies. The company is also the creator of PennyLane, an open-source quantum machine learning library that has become a standard tool for quantum-classical hybrid algorithms, used by researchers and developers worldwide. Xanadu operates Xanadu Quantum Cloud, providing programmatic access to their quantum hardware and simulators including Borealis through Amazon Braket. With significant funding and partnerships spanning academia, government, and industry, Xanadu is positioned at the forefront of photonic quantum computing and quantum machine learning applications.