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Tech Lights

Quantum Computing

Updated: Jan 1, 2025

Quantum computing is no longer a distant dream; it’s a rapidly evolving field poised to transform industries like AI, drug discovery, finance, energy, and more. From building cutting-edge hardware to developing software solutions and real-world applications, companies worldwide are racing to unlock the immense potential of quantum technology.

In this list, we spotlight leading companies at the forefront of quantum innovation, categorized by their focus areas and achievements. Whether they're pushing the boundaries of qubit scalability, enhancing quantum algorithms, or leveraging AI to bridge classical and quantum computing, these pioneers are defining the quantum era.


Quantum Computing Giants

1. IBM (USA)

  • Partnering with Japan’s AIST to develop a 10,000-qubit quantum computer.

  • Introduced "Condor" (1,000+ qubits) and "Heron" (low-error systems).

2. Quantinuum (USA)

  • Achieved 99.914% fidelity in its ion trap quantum computer.

  • Raised $300M at a $5B valuation.

3. PsiQuantum (USA/Australia)

  • $617M investment to build a commercial quantum computer in Brisbane.

4. Atom Computing (USA)

  • Developed a 1,225-site atomic array with over 1,000 qubits.

5. Xanadu (Canada)

  • Photonic quantum processors and the open-source "Strawberry Fields" platform.

  • Partnered with NVIDIA for quantum simulations.

Hardware-Focused Quantum Computing Companies

6. Rigetti (USA)

  • Launched the first multi-chip quantum processor with 80 qubits.

7. Diraq (Australia)

  • CMOS qubit technology aims for billions of qubits on a single chip.

8. Quantum Brilliance (Australia)

  • Room-temperature diamond-based quantum accelerators.

9. IonQ (USA)

  • Leading commercial quantum systems using trapped-ion technology.

10. Oxford Ionics (UK)

  • High-performance ion-trap quantum processors.

11. Pasqal (France)

  • Raised €100M for neutral atoms-based quantum processors.

12. Quantum Circuits Inc. (USA)

  • $26.5M raised for scalable superconducting quantum devices.

13. Silicon Quantum Computing (Australia)

  • Spun out of UNSW, focuses on scalable silicon-based systems.

14. Universal Quantum (UK)

  • Developing modular ion-trap quantum systems to scale to millions of qubits.

Software-Focused Quantum Computing Companies

15. Zapata AI (USA)

  • Orquestra platform integrates quantum workflows with generative AI solutions.

16. SandboxAQ (USA)

  • Combines quantum tech and AI for optimization, security, and sensing.

17. Qubit Pharmaceuticals (France)

  • Drug discovery using quantum HPC via the ATLAS platform.

18. QunaSys (Japan)

  • Developer of Qulacs, a high-speed quantum circuit simulator.

19. Strangeworks (USA)

  • Hardware-agnostic quantum collaboration platform.

20. Riverlane (UK)

  • Launched the first quantum decoder chip.

21. Terra Quantum (Switzerland)

  • Provides quantum SaaS platforms for security and optimization.

22. Multiverse Computing (Spain)

  • SaaS platforms for finance and AI.

23. Horizon Quantum Computing (Singapore)

  • Raised $18.1M to build quantum software tools.

24. Quantastica (Finland)

  • Developed Quantum Programming Studio for hybrid workflows.

Research and Applications

25. Phasecraft (UK)

  • Quantum algorithms for clean energy materials.

26. PolarisQb (USA)

  • SaaS platform for molecular optimization using quantum annealing.

27. HQS Quantum Simulations (Germany)

  • Molecular simulations for materials and pharma.

28. Quantum Generative Materials (USA)

  • Quantum tools for climate-conscious mining.

29. BEIT (Poland)

  • Tackling NP-complete problems using quantum platforms.

30. BosonQ Psi (USA)

  • SaaS for quantum-powered engineering simulations.

31. ProteinQure (Canada)

  • Biophysical modeling for protein therapeutics.

32. QC Ware (USA)

  • Enterprise quantum software and Forge platform.

33. Algorithmiq (Finland)

  • Raised $15M for collaborations in drug development.

34. Quantum Motion (UK)

  • Scalable CMOS-based qubit architecture.

35. Agnostiq (Canada)

  • Covalent platform for enterprise quantum workflow management.

Emerging Startups and Pioneers

36. Planqc (Germany)

  • Ultra-cold atom-based quantum systems.

37. JiJ (Japan)

  • Focus on quantum annealing software and optimization algorithms.

38. Kuano (UK)

  • Quantum and ML-driven enzyme inhibitor design.

39. Kvantify (Denmark)

  • Makes quantum and HPC accessible to businesses.

40. Entropica Labs (Singapore)

  • Specializes in quantum optimization and statistical learning.

41. A Star Quantum (Japan)

  • Quantum solutions for logistics and advertising.

42. Aliro Quantum (USA)

  • “Entanglement as a Service” for secure quantum networks.

43. BlueQubit (India)

  • Access to quantum and classical emulators supporting up to 34 qubits.

44. Quanfluence (India)

  • Plans to develop a 1,000-qubit quantum computer by 2026.

45. Quantum Computing Inc. (USA)

  • Room-temperature quantum hardware for AI and cybersecurity.

Global Collaborations

46. Moderna & IBM Quantum (USA)

  • Used quantum systems for mRNA structure prediction.

47. Australia’s Investment in PsiQuantum

  • A $617M boost to the Brisbane-based quantum initiative.

48. HSBC & Terra Quantum

  • Tackled collateral management using quantum algorithms.

49. NVIDIA & SandboxAQ

  • Collaborative research in drug discovery simulations.

50. Atom Computing & Entropica Labs

  • Partnered on joint research.


This list reflects the incredible diversity of the quantum computing industry, highlighting companies making strides in hardware, software, and real-world applications.


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