PsiQuantum has secured a conditional loan commitment of up to $150 million from the U.S. Office of Strategic Capital to expand its PsiFactory in Milpitas, California. This funding will support the development of a domestic […]
Tag: quantumcomputingreport
India’s MeitY has sanctioned ₹99.94 crore (approx. $10.3 million USD) for Phase II of the SPECTRA program at IIT Madras, in partnership with izmo Microsystems. This five-year initiative focuses on developing silicon photonics for high-bandwidth […]
Quantum Source has introduced QS-LINK, a memory-assisted photonic interconnect that unifies multi-modal quantum computing. This technology overcomes scaling limitations in multi-processor quantum networks by using a single cavity-trapped rubidium-87 atom as an asynchronous quantum memory […]
Universal Quantum, a UK-based hardware developer specializing in trapped-ion quantum processors, has successfully closed a $100 million Series A funding round. This investment will fuel their international expansion, including operations in Europe, Singapore, the U.S., […]
Oratomic, a Pasadena-based quantum hardware developer, has secured $775 million in cumulative funding to advance its fault-tolerant quantum computing systems. The company focuses on neutral-atom arrays and quantum error correction, aiming for utility-scale quantum computers. […]
DARPA has selected Atom Computing, Diraq, IBM, and IonQ for Stage C of its Quantum Benchmarking Initiative (QBI) to verify the performance of their fault-tolerant quantum computing architectures. This stage involves direct physical testing and […]
Cisco’s Outshift division has launched the Quantum Network Controller and Network-Aware Quantum Compiler v0.2.0 to manage multi-node quantum networks. The Controller offers Entanglement-as-a-Service, enabling on-demand entanglement across diverse quantum hardware. The Compiler integrates circuit compilation, […]
QuantumCT has opened its 4,500-square-foot innovation headquarters in New Haven, serving as a central hub for quantum computing research, talent development, and startup incubation. This initiative, backed by significant public and private funding, aims to […]
A GAO audit found that all 24 CFO Act federal agencies are unprepared for post-quantum cryptography migration, with none having fully implemented the required preparatory practices. The audit, publicly released in October 2026, revealed significant […]
Chandigarh University’s CUBIC has partnered with 247VC Investment Trust to create an investment and mentorship pipeline for quantum and deep-tech startups. This collaboration, established during the PRAGATI Q-Foundry 2026, aims to transition academic quantum research […]
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