IBM spins off America’s first quantum chip foundry with $2 billion in federal and private funding — newly-minted ‘Anderon’ foundry to offer 300mm quantum wafer fab and manufacturing services

Headquartered in Albany, New York, Anderon will operate a 300mm quantum wafer fab and offer its manufacturing services to competing quantum hardware vendors.

Quanscient lands €10M to advance AI- and quantum-native hardware engineering

Quanscient, a Finnish company focusedon cloud-based multiphysics simulation technology and quantum algorithms, hasraised €10 million in a Series A funding round to support its internationalexpansion a…

Alice & Bob expands Series B with investment from NVIDIA’s venture arm

French fault-tolerant quantum computing company Alice & Bob has raised investment from NVentures, NVIDIA’s venture capital arm, that expands its €100 million Series B round. The investment suppo…

Algorithmiq moves global HQ to Milan and raises €18M in Italy’s largest quantum VC round

Quantum software company Algorithmiq has established Milan as its global headquarters, signalling its confidence and commitment to Italy and Europe as the future hub for leadership in the industrialis…

China’s Hanyuan-2 debuts as ‘world’s first’ dual-core quantum computer — 200-qubit claims incredible power efficiency, but lacks critical performance benchmarks

CAS Cold Atom Technology, a Wuhan-based firm affiliated with the Chinese Academy of Sciences (CAS), unveiled what it calls the world’s first dual-core quantum computer.

UK quantum outfit Quantum Motion run on silicon chips raises $160M

A UK university spinout, which builds full-stack quantum computers made with the same silicon chip technology used in laptops and phones, has raised $160m in an investment round, it said today. The Se…

Peter Sarlin’s QuTwo reaches $380M valuation in angel round

QyTw0, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million angel round ($29 million). It’s a sign of enduring tailwinds for AI, quantum computing, and…

QuantWare secures €152M for large-scale quantum systems

The quantum processor company QuantWarehas raised €152 million in a Series B funding round to support the developmentand scaling of its technology. The announcement follows the introduction of itsVIO-…

German deeptech eleQtron lands €57M Series A funding

German deeptechcompany eleQtron has raised €57 million in a Series A funding round toaccelerate the industrial scaling of its trapped-ion quantum computingtechnology. The investment was led by Schwarz…

Quantum Machines acquires QHarbor and opens Delft office to deepen European quantum footprint

Quantum Machines (QM), a provider of hybrid quantum-classical control solutions, today announced the acquisition of Dutch company QHarbor and the opening of a new office in Delft, the Netherlands. Th…