QxBranch, Inc. (QxBranch) is a

data analysis Data analysis is a process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. Data analysis has multiple facets and approaches, enco ...

and

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

Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

The company provides data analytics services and research and development for quantum computing technology. On July 11, 2019, QxBranch announced that it had been acquired by

Rigetti Computing Rigetti Computing is a Berkeley, California-based developer of quantum integrated circuits used for quantum computers. The company also develops a cloud platform called Forest that enables programmers to write quantum algorithms. History Rigetti ...

, a developer of quantum

integrated circuits An integrated circuit or monolithic integrated circuit (also referred to as an IC, a chip, or a microchip) is a set of electronic circuits on one small flat piece (or "chip") of semiconductor material, usually silicon. Large numbers of tiny ...

used for quantum computers.

Services

QxBranch provides

predictive analytics Predictive analytics encompasses a variety of statistical techniques from data mining, predictive modeling, and machine learning that analyze current and historical facts to make predictions about future or otherwise unknown events. In business ...

services to firms in the banking and finance industries. The company also develops software products for

technologies, including developer tools and interfaces for quantum computers, as well as quantum computing simulators. Additionally, the company provides consulting and

research and development Research and development (R&D or R+D), known in Europe as research and technological development (RTD), is the set of innovative activities undertaken by corporations or governments in developing new services or products, and improving existi ...

for businesses that may be improved through quantum computing methods, including in the development of

adiabatic quantum computing Adiabatic quantum computation (AQC) is a form of quantum computing which relies on the adiabatic theorem to do calculations and is closely related to quantum annealing. Description First, a (potentially complicated) Hamiltonian is found whose g ...

methods for

machine learning Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, methods that leverage data to improve performance on some set of tasks. It is seen as a part of artificial intelligence. Machine ...

applications.

History

QxBranch was founded in 2014 as a joint spin-off of Shoal Group and The Tauri Group to commercialize quantum computing technology. Shoal Group (named Aerospace Concepts at the time) had a research agreement with

Lockheed Martin The Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology corporation with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It ...

to access a

D-Wave Two D-Wave Two (project code name Vesuvius) is the second commercially available quantum computer, and the successor to the first commercially available quantum computer, D-Wave One. Both computers were developed by Canadian company D-Wave Systems. T ...

quantum computer, and transitioned the access and associated technology to help found QxBranch. In August 2014, QxBranch was selected as one of eight participants for

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 ...

's FinTech Innovation Lab program in Hong Kong. In May 2015,

Dr. Ray O Johnson Ray O. Johnson is an American business executive. Johnson is an operating partner at Bessemer Venture Partners, an American venture capital firm with over $20 billion under management and the oldest venture capital firm in the United States. He r ...

, former Chief Technology Officer of

Corporation, joined QxBranch as executive director. In January 2016, Australian Prime Minister Malcolm Turnbull toured QxBranch's facilities in Washington, D.C. for a demonstration of quantum computing applications. In November 2016, QxBranch, in partnership with

UBS UBS Group AG is a multinational Investment banking, investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres ...

, was announced as a winning bid under the Innovate UK's Quantum Technologies Innovation Fund under the

UK National Quantum Technologies Programme The UK National Quantum Technologies Programme (UKNQTP) is a programme set up by the UK government to translate academic work on quantum mechanics, and the effects of quantum superposition and quantum entanglement into new products and servic ...

. The partnership is working on developing

quantum algorithms In quantum computing, a quantum algorithm is an algorithm which runs on a realistic model of quantum computation, the most commonly used model being the quantum circuit model of computation. A classical (or non-quantum) algorithm is a finite sequ ...

for

foreign exchange market The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspec ...

trading and

arbitrage In economics and finance, arbitrage (, ) is the practice of taking advantage of a difference in prices in two or more markets; striking a combination of matching deals to capitalise on the difference, the profit being the difference between the ...

. In April 2017, QxBranch, in partnership with the Commonwealth Bank of Australia, released a quantum computing simulator aiming to enable software and algorithm development to assess the feasibility and performance of applications ahead of the development of silicon-based quantum computers. The simulator was modeled on the hardware being developed by the

University of New South Wales The University of New South Wales (UNSW), also known as UNSW Sydney, is a public research university based in Sydney, New South Wales, Australia. It is one of the founding members of Group of Eight, a coalition of Australian research-intensive ...

and made accessible as part of the bank’s internal cloud-based systems, allowing developers to design and evaluate software and algorithms concurrently with the hardware's on-going development. In February 2018, QxBranch demonstrated a quantum deep learning network that simulated the

2016 US Presidential Election The 2016 United States presidential election was the 58th quadrennial presidential election, held on Tuesday, November 8, 2016. The Republican ticket of businessman Donald Trump and Indiana governor Mike Pence defeated the Democratic ticket ...

, resulting in slightly improved forecasts of the election outcome over those of forecasting site

Five Thirty Eight ''FiveThirtyEight'', sometimes rendered as ''538'', is an American website that focuses on opinion poll analysis, politics, economics, and sports blogging in the United States. The website, which takes its name from the number of electors in th ...

. In April 2018, IBM announced a collaboration with QxBranch and other companies for research access to its IBM Quantum Experience quantum computers.

Locations

QxBranch is headquartered in

and has an engineering team in

Adelaide Adelaide ( ) is the capital city of South Australia, the state's largest city and the fifth-most populous city in Australia. "Adelaide" may refer to either Greater Adelaide (including the Adelaide Hills) or the Adelaide city centre. The dem ...

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

, as well as offices in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

and

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

References

{{Reflist, 30em

External links

Official website

"Decipher quantum computing"
''CNBC News''
"Quantum Computing: A Discussion with Michael Brett"
Center for Strategic and International Studies
"Hearing -- Disrupter Series: Quantum Computing"

United States House Committee on Energy and Commerce The Committee on Energy and Commerce is one of the oldest standing committees of the United States House of Representatives. Established in 1795, it has operated continuously—with various name changes and jurisdictional changes—for more tha ...

Software companies based in Washington, D.C. Software companies established in 2014 Quantum information science Defunct software companies of the United States

Services

History

Locations

See also

References

External links