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.
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 |