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Quantinuum Unveils Accelerated Roadmap to Achieve Universal, Fault-Tolerant Quantum Computing by 2030

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Quantinuum Unveils Accelerated Roadmap to Achieve Universal, Fault-Tolerant Quantum Computing by 2030
Business

Business

Quantinuum Unveils Accelerated Roadmap to Achieve Universal, Fault-Tolerant Quantum Computing by 2030

2024-09-10 22:55 Last Updated At:23:15

With thousands of physical qubits, hundreds of logical qubits, low error rates, and a fully integrated software stack, Quantinuum's roadmap outlines its path to achieve scientific advantage and a tipping point for commercial advantage

In collaboration with Microsoft, Quantinuum also demonstrates two industry firsts: 12 logical qubits and an end-to-end scientific workflow using AI, High-Performance Computing (HPC), and logical qubits on what Microsoft has previously described as "the path to a Quantum Supercomputer"

BROOMFIELD, Colo. and LONDON, Sept. 10, 2024 /PRNewswire/ -- Today, Quantinuum, the world's largest and leading integrated quantum computing company, unveiled its roadmap to universal, fault-tolerant quantum computing by 2030. The roadmap materially accelerates the path to commercial quantum computing systems with the potential to unlock a trillion-dollar market[1] and enable AI to help solve some of the world's most pressing problems. In parallel, Quantinuum in partnership with Microsoft announced a series of milestones and integrations.

Quantinuum's roadmap unveils its fifth-generation quantum computer, Apollo, which will be a fully fault-tolerant and universal quantum computer, capable of executing circuits with millions of gates, delivering scientific advantage and enabling a commercial tipping point.

"We are the only company with a clear and demonstrable path that leverages quantum computing to tackle large-scale scientific and commercial applications," said Dr Rajeeb Hazra, CEO of Quantinuum. "With our proven record of driving technological advancement and the unwavering trust of our global customers and partners, we are confident that we possess the industry's most credible roadmap toward achieving universal fault-tolerant quantum computing."

The roadmap is built on the foundations of Quantinuum's fully scalable quantum charge-coupled device (QCCD) architecture, including a universal gate set and high-fidelity physical qubits uniquely capable of supporting reliable logical qubits. For four years now, Quantinuum has remained steadfast in providing data along with peer-reviewed papers to show the science and engineering work behind these methodical advances.

"Our next system, Quantinuum Helios, will support enough logical qubits to unlock scientific and mathematics advances that will clearly surpass classical computing," Hazra said. "Our roadmap then draws a direct line to hundreds of logical qubits, at which point quantum computing will outperform classical computing to address a broad range of scientific problems in areas like finance, chemistry, and computational biology. We also know, from experience, that utility in the form of applications that are suitable for global enterprises and governments will likely bubble to the surface and increase rapidly over the next 18 months. Our quantum computers are already impossible to simulate classically."

Quantinuum also announced another milestone today in collaboration with Microsoft: achieving 12 logical qubits on the newly updated 56-qubit System Model H2 quantum computer, a 3x advance over the four logical qubits the companies announced in April. Microsoft also used the System Model H1 quantum computer to run the first ever chemistry simulation using reliable logical qubits combined with AI and HPC to produce results within chemical accuracy. Finally, Quantinuum and Microsoft have completed the integration of Quantinuum's InQuantoâ„¢ computational quantum chemistry software package with Azure Quantum Elements, making it available to customers through private preview.

"The collaboration between Quantinuum and Microsoft has established a crucial step forward for the industry and demonstrated a critical milestone on the path to hybrid classical-quantum supercomputing capable of transforming scientific discovery," said Dr Krysta Svore – Technical Fellow and VP of Advanced Quantum Development for Microsoft Azure Quantum.

"It is now clear that enterprises need to be ready to take advantage of the progress we can see coming in the next business cycle," Hazra said. "Our customers are placing quantum in their strategic plans and finding new ways to align our quantum system with classical computing and generative AI."

In 2019, Quantinuum's H-Series devices were among the first to be offered commercially via Microsoft Azure. Today, Quantinuum's H1 and H2 quantum computers, Powered by Honeywell, remain available on Azure and directly to Quantinuum customers and partners.

In the past few years, Quantinuum has achieved many significant milestones, including

A blog post with more details on the Quantinuum quantum hardware roadmap can be viewed here. The Microsoft announcement regarding the 12 logical qubits can viewed here. 

About Quantinuum

Quantinuum, the world's largest integrated quantum computing company, pioneers powerful quantum computers and advanced software solutions. Quantinuum's technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents.

[1] Source: Quantum Technology Monitor, McKinsey 2023

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Quantinuum Unveils Accelerated Roadmap to Achieve Universal, Fault-Tolerant Quantum Computing by 2030

Quantinuum Unveils Accelerated Roadmap to Achieve Universal, Fault-Tolerant Quantum Computing by 2030

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Sceye Secures Funds in Series C Round Led by Mawarid Holding Company

2024-09-17 18:00 Last Updated At:18:15

Sceye Valued at $525 Million and Poised for 2025 Commercial Launch 

PARIS, Sept. 17, 2024 /PRNewswire/ -- At World Space Business Week (WSBW) today, Sceye, a leading U.S. aerospace company specializing in High-Altitude Platform Systems (HAPS), announced the successful closing of its Series C funding round. The round was led by Mawarid Holding Company ("Mawarid"), a prominent Saudi corporation with an established presence in information and communication technology, satellite, and digital solutions. 

Sceye strengthened its balance sheet by closing the Series C funding round, which values the Company at a pre-money valuation of $525 million. This provides sufficient liquidity to fund R&D activities, flight programs and launch the initial commercial operations in 2025.

This strategic alliance continues Sceye's successful partnership strategy, following América Móvil's involvement as the largest investor in their Series B round with a focus on Latin America.

"The Series C round is a critical milestone for Sceye. These funds will accelerate our platform development and commercial roadmap, paving the way for the commercialization of our HAPS technology in 2025. Our partnership with Mawarid opens new territories and market opportunities for our innovative solutions," said Mikkel Vestergaard Frandsen, CEO and Founder of Sceye. 

Ghassan Itani, Assistant Chairman of Mawarid, added, "This partnership reinforces Mawarid's commitment to pioneering technology advancements and delivering digital solutions that serve critical industry sectors. By incorporating HAPS technology, we enhance our position as a comprehensive provider of strategic industry solutions."

This Series C investment announcement follows the success of Sceye's 2024 flight program, where the company achieved a significant milestone by demonstrating perpetual flight capabilities while staying over an area of operation. The test flight proved that Sceye's HAPS can operate continuously, with solar energy powering the system during daylight hours and battery storage ensuring overnight flight.

This achievement signifies the advent of a new infrastructure layer between terrestrial and space systems. It highlights the transformative potential of HAPS technology in expanding connectivity access, managing disaster response, monitoring environmental changes, and detecting climate-related disasters in real time. 

About Sceye
Founded in 2014, Sceye is an aerospace company dedicated to advancing stratospheric technology to connect people and protect the planet. Sceye leads the High-Altitude Platform Systems (HAPS) industry, focusing on universal connectivity, climate monitoring, natural resource management, and disaster prevention. 

About Mawarid:
Established in 1968, Mawarid Holding Company (MHC) is a leading Saudi corporation with a diverse portfolio spanning, but not limited to,  ICT, satellite, and digital solutions. MHC has been a player in the global communications landscape, including its role as a founder and shareholder in Iridium Communications Inc. (Nasdaq: IRDM) since the early 1990s and its operations in various ICT and media sectors across the Middle East (e.g., Salam, TLS, ATSS, "Noorsat: Geo-operator").

Media Contact:
Jasmine Wallsmith
jw@sceye.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Sceye Secures Funds in Series C Round Led by Mawarid Holding Company

Sceye Secures Funds in Series C Round Led by Mawarid Holding Company

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