Quantistry and IQM Quantum Computers Announce MoU to Explore Hybrid Quantum Solutions For The Chemical And Material Industry

Insider Brief

• Quantistry and IQM Quantum Computers have signed an MoU to explore hybrid classical-quantum solutions for the chemical and material industry, combining their technical expertise to enhance QuantistryLab’s capabilities.
• The partnership aims to integrate cutting-edge quantum systems into Quantistry’s chemical simulation platform, improving efficiency and accuracy for industrial use cases.
• Recently, Quantistry secured €3 million in funding to further its R&D through quantum simulations and AI, while IQM launched IQM Resonance to facilitate quantum algorithm development.

Quantistry, a Berlin-based start-up offering the world’s most intuitive cloud-native chemical simulation platform, and IQM Quantum Computers (IQM), a global leader in building quantum computers, announced today a Memorandum of Understanding (MoU) to explore hybrid classical-quantum solutions, focusing on R&D challenges in the chemical and material industry.

Through this collaboration, IQM and Quantistry are combining their technical expertise to integrate cutting-edge quantum systems into QuantistryLab, Quantistry’s chemical simulation platform.

This synergy is poised to boost QuantistryLab’s capabilities, enabling users to tackle use cases of industrial interest with even greater efficiency and accuracy.

“We are demonstrating our ongoing commitment to accelerating quantum computing innovation and exploring use cases of industrial relevance by extending our relationship with Quantistry,” said Dr. Peter Eder, Head of Strategic Partnerships at IQM Quantum Computers. “With our strong technical expertise and unique technology, this partnership gives us the opportunity to expand innovation leadership in the quantum ecosystem and show how quantum computing can benefit the chemical and material industries.” 

Recently, IQM launched IQM Resonance, a cloud service aimed at giving algorithm developers and scientists seamless and easy access to IQM’s advanced quantum systems to plan, develop, test, and benchmark their quantum algorithms. 

“The growing collaboration with IQM strengthens Quantistry’s commitment to reshape chemical and material R&D, from quantum to AI,” said Dr. Arturo Robertazzi, Chief Growth Officer and Co-Founder at Quantistry. “With a focus on sustainability and renewable energies, this partnership propels our goal of enabling leaders in strategic industrial sectors to foster a greener future for all.”

In March 2024, Quantistry reached a significant milestone: a €3 million funding round led by Ananda Impact Ventures, with contributions from industry players such as Chemovator, the business incubator of BASF.

This funding is set to accelerate Quantistry’s mission of innovating the R&D landscape through quantum-based simulations and AI-driven solutions.

As quantum computing unlocks new opportunities across diverse industrial sectors, including automotive, aerospace, and energy, Quantistry and IQM join forces to turn these potentially disruptive prospects into reality.