1QB Information Technologies, Inc. (1QBit) is a

quantum computing Quantum computing is a type of computation whose operations can harness the phenomena of quantum mechanics, such as superposition, interference, and entanglement. Devices that perform quantum computations are known as quantum computers. Though ...

software company, based in Vancouver, British Columbia. 1QBit was founded on December 1, 2012 and has established hardware partnerships with Microsoft, IBM,

Fujitsu is a Japanese multinational information and communications technology equipment and services corporation, established in 1935 and headquartered in Tokyo. Fujitsu is the world's sixth-largest IT services provider by annual revenue, and the la ...

and D-Wave Systems. While 1QBit develops general purpose algorithms for quantum computing hardware, the organization is primarily focused on computational finance, materials science,

quantum chemistry Quantum chemistry, also called molecular quantum mechanics, is a branch of physical chemistry focused on the application of quantum mechanics to chemical systems, particularly towards the quantum-mechanical calculation of electronic contributions ...

, and the

life sciences This list of life sciences comprises the branches of science that involve the scientific study of life – such as microorganisms, plants, and animals including human beings. This science is one of the two major branches of natural science, the ...

Technology

1QBit has divisions focused on universal quantum computing, advanced AI techniques, cloud based quantum processing, and hardware innovation. 1QBit's 1Qloud platform is focused on optimization including reformulating optimization problems into the

quadratic unconstrained binary optimization Quadratic unconstrained binary optimization (QUBO), also known as unconstrained binary quadratic programming (UBQP), is a combinatorial optimization problem with a wide range of applications from finance and economics to machine learning. QUBO is ...

(QUBO) format necessary to compute with

quantum annealing Quantum annealing (QA) is an optimization process for finding the global minimum of a given objective function over a given set of candidate solutions (candidate states), by a process using quantum fluctuations. Quantum annealing is used mainl ...

processors and similar devices from organizations such as

, D-Wave,

Hitachi () is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Ni ...

and NTT, while their QEMIST platform is focused on advanced materials and quantum chemistry research with universal

processors.

History

1QBit was founded as the first dedicated quantum computing software company in 2012. In 2013, 1QBit raised seed funding from US and Canadian angel investors, before closing a

Series A financing A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchan ...

round led by the

Chicago Mercantile Exchange The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an a ...

in 2014. On August 5, 2015 the World Economic Forum announced 1QBit as a recipient of the 2015 Technology Pioneer Award recognizing 1QBit as a leader among the world's most promising technology companies. In 2017, 1QBit raised a $45M Series B financing round led by

with participation from

Allianz Allianz ( , ) is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. The company is one of the world's largest insurers and financial services groups. The ...

Accenture Accenture plc is an Irish-American professional services company based in Dublin, specializing in information technology (IT) services and consulting. A ''Fortune'' Global 500 company, it reported revenues of $61.6 billion in 2022. Accentur ...

, The Royal Bank of Scotland and the

. In April 2018, 1QBit joined the IBM Q Network, a global community of leading Fortune 500 companies, academic institutions, startups, and national research labs designed to explore practical applications for quantum computing. In May 2020, 1QBit and its collaborators serving health authorities from East to West obtained support from the Digital Technology Supercluster to facilitate the clinical implementation of XrAI, the first Artificial Intelligence (AI) radiology platform to be accredited by Health Canada as a Class III Medical Device.

Locations

1QBit is headquartered in

Vancouver, British Columbia, Canada Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the most populous city in the province, the 2021 Canadian census recorded 662,248 people in the city, up from 631,486 in 2016. The ...

. In early 2019, 1QBit opened a hardware innovation lab at the University of Waterloo in Waterloo, Ontario.

References

External links

* {{Vancouver Corporations Companies based in Vancouver 2012 establishments in British Columbia Software companies established in 2012 Financial software companies Quantum information science Software companies of Canada Quantum programming

Technology

History

Locations

See also

References

External links