1QBit

Building the Foundation for a Quantum Computing Future

General Information
Company Name
1QBit
Founded Year
2012
Location (Offices)
Canada
Founders / Decision Makers
Number of Employees
54
Industries
IT, Information Technology, Quantum
Funding Stage
Grant
Social Media

1QBit - Company Profile

1QBit is a Canadian startup, founded in 2012, with a vision of "Building the Foundation for a Quantum Computing Future." Specializing in IT, Information Technology, and Quantum industries, the company collaborates with Fortune 500 clients and leading hardware providers to tackle intractable problems using quantum and classical processors. Their hardware-agnostic platform, backed by a recent $3.49M grant investment by Pacific Economic Development Canada on 30th May 2024, allows them to constantly improve results through evolving solvers and hardware architectures. 1QBit's innovative approach, employing a team of researchers, industry specialists, and software developers, enables them to identify problems in optimization, simulation, and machine learning that can benefit from quantum computing. The company's ability to adapt and improve applications alongside advances in both classical and quantum computing architectures positions them as a frontrunner in the quantum computing revolution.

Taxonomy: Quantum Computing, Finance, Optimization, Complexity, Health Sciences, Energy, Software Development, Industry Applications, Hardware-Agnostic Platform, Fortune 500 Clients, Classical Processors, Hardware Providers, Research and Development, Problem-solving

Funding Rounds & Investors of 1QBit (6)

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Funding Stage Amount No. Investors Investors Date
Grant $3.49M 1 Pacific Economic Development Canada 30 May 2024
Series B $45.00M 8 NatWest Group, Allianz +1 28 Nov 2017
Venture Round Unknown 1 01 Jan 2016
Series A $500.00K 1 KittyHawk 14 Jan 2015
Series A Unknown 2 01 Sep 2014

View All 6 Funding Rounds

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