1QBit

1QBit develops quantum software and applications for complex computational problems in finance, healthcare, and logistics, focusing on quantum-enhanced optimization algorithms and quantum machine learning techniques that provide practical advantages over classical approaches while offering consulting services to help enterprises integrate quantum computing into their operations.

Company Information

• Founded: 2012
• Country: Canada
• Website: https://1qbit.com
• Categories: quantum software, quantum consulting

Investment Information

• Status: private
• Total Raised: $75M
• Last Valuation: $350M

Recent Funding Rounds

• 2021-09-14: series-b - $45M - Series B funding round
• 2018-03-20: series-a - $30M - Series A funding round

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Cognizant

Cognizant Technology Solutions Corporation is an American multinational information technology services and consulting company founded in 1994, headquartered in Teaneck, New Jersey. Cognizant explores quantum computing consulting services including quantum strategy development, quantum use case identification, and quantum technology assessment for enterprise clients. The company collaborates with quantum computing providers offering quantum expertise and quantum implementation guidance across industries. Cognizant investigates quantum applications for financial services, healthcare, manufacturing, and technology sectors. The company serves global enterprises requiring quantum consulting and quantum readiness programs preparing for quantum technology adoption. Cognizant advances quantum technology commercialization providing quantum advisory services and quantum education supporting enterprise quantum transformation and quantum computing integration for business process optimization and computational advantage.

Encryption Consulting

Encryption Consulting LLC is a Texas-based cybersecurity company founded in 2018, specializing in applied cryptography and post-quantum cryptographic advisory services. Headquartered in Prosper, Texas (Dallas-Fort Worth metropolitan area), the company is changing how organizations approach data protection across their enterprises. Encryption Consulting offers comprehensive post-quantum cryptography (PQC) services to help enterprises identify potential quantum risks and become quantum cyber-ready. Services include cryptographic discovery and inventory scans to build comprehensive asset inventories, implementation of hybrid models combining classical and PQC algorithms ensuring backward compatibility during quantum transitions, full alignment with NIST PQC algorithm standards, and addressing Harvest Now, Decrypt Later (HNDL) threats with proactive cryptographic upgrades. The company’s expertise spans PKI (Public Key Infrastructure), Hardware Security Modules, Code Signing, Enterprise Key Management, and other cryptographic solutions. Encryption Consulting partners with leading cybersecurity vendors including Thales and Entrust, positioning itself as a trusted advisor for organizations preparing for the post-quantum cryptography era.

HCL Technologies

HCL Technologies Limited is an Indian multinational information technology services and consulting company founded in 1976, headquartered in Noida, India. HCL explores quantum computing through partnerships with quantum providers offering quantum consulting and quantum software development services to enterprise clients. The company investigates quantum applications for optimization machine learning and computational problems relevant to enterprise software and business processes. HCL collaborates with quantum computing companies developing quantum expertise for clients across industries including financial services manufacturing and technology sectors. The company serves global enterprises requiring quantum computing consulting and quantum technology assessment. HCL contributes to India quantum technology ecosystem advancing quantum software capabilities and quantum technology adoption representing Indian IT services industry quantum innovation supporting enterprise quantum transformation.

IBM Quantum

In 2024-2025, IBM Quantum unveiled its 156-qubit Heron processor featuring a new architectural approach emphasizing modularity and error mitigation, achieving 16 times better performance and a 25-fold increase in speed over 2022 systems. At the inaugural IBM Quantum Developer Conference in 2024, IBM achieved accurate computations on circuits with 100 qubits and gate depths of 100 and 5,000 two-qubit gate operations in under a day’s runtime. IBM introduced multi-chip coupling innovations including ’l-couplers’ for linking distant chips via cables and ’m-couplers’ for tightly connecting adjacent chips, demonstrated with IBM Quantum Flamingo connecting two Heron R2 chips, with the production-ready Flamingo system expected in 2025. IBM’s roadmap extends to 2026 with the Kookaburra system demonstrating the first integration of logical qubit processing with quantum memory, and by 2028, the Starling system will operate 200 logical qubits requiring approximately 10,000 physical qubits using IBM’s efficient LDPC codes.

Infosys

Infosys Limited is an Indian multinational information technology company founded in 1981, headquartered in Bangalore, India. Infosys explores quantum computing services including quantum algorithm development, quantum software engineering, and quantum consulting for enterprise clients. The company collaborates with quantum computing providers offering quantum expertise and quantum implementation services across industries. Infosys investigates quantum applications for optimization, machine learning, and computational problems relevant to enterprise software. The company serves global technology, financial services, and manufacturing sectors requiring quantum computing services and quantum technology consulting. Infosys contributes to India quantum technology ecosystem advancing quantum software development and quantum technology adoption representing Indian IT industry quantum capabilities for enterprise quantum transformation and quantum computing integration.

Inside Quantum Technology

Inside Quantum Technology (IQT) is the world’s leading data and market intelligence provider for the quantum technology industry offering customized consulting with analysis and forecasts. The company organizes major quantum computing conferences (IQT Nordics, IQT Europe, IQT NYC) and provides market research, strategic consulting, and industry analysis services. IQT helps enterprises, investors, and government agencies navigate the quantum technology landscape with expert insights.

Company Information

• Founded: 2017
• Country: United States
• Website: https://www.insidequantumtechnology.com
• Categories: quantum consulting, quantum media

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NTT Data

NTT Data Corporation is a Japanese multinational information technology service and consulting company founded in 1967, headquartered in Tokyo, Japan, part of NTT Group. NTT Data provides quantum computing services including quantum algorithm development, quantum consulting, and quantum software engineering for enterprise clients. The company collaborates with quantum computing providers offering quantum expertise and quantum implementation services across industries. NTT Data explores quantum applications for financial services, telecommunications, manufacturing, and public sectors. The company serves global enterprises requiring quantum computing services and quantum technology consulting. NTT Data contributes to Japan quantum technology ecosystem advancing quantum software development and quantum technology adoption representing Japanese IT services industry quantum capabilities supporting enterprise quantum transformation and quantum computing integration for business optimization and computational advantage.

Pasqal

In June 2024, Pasqal achieved a significant milestone by successfully loading over 1,000 atoms in a single shot, trapping more than 1,110 atoms within approximately 2,000 traps, demonstrating the feasibility of large-scale neutral atom quantum computing. In December 2024, Pasqal deployed a 100-qubit neutral atom quantum computer at the Jülich Supercomputing Centre in Germany as part of the HPCQS project, expected to be available for use by June 2025. On May 13, 2025, Pasqal partnered with Google Cloud to offer its 100-qubit QPU on Google Cloud Marketplace, including tools for workflow integration and post-processing results with a flexible pay-as-you-go model. Pasqal’s roadmap targets 10,000 qubits by 2026, and in April 2024, the company partnered with Welinq to achieve projected 10,000-qubit QPUs with high-fidelity two-qubit gates in the 2026-2027 timeframe. The company is already delivering quantum computers with over 100 qubits to end users.

Q-CTRL

Q-CTRL is a leading quantum technology company specializing in quantum control infrastructure software that makes quantum computing hardware more stable, reliable, and useful. Founded in 2017 by Michael Biercuk, a quantum physicist from the University of Sydney, Q-CTRL has developed a comprehensive suite of quantum firmware and software tools that apply machine learning and control theory to reduce errors in quantum systems. The company’s products include Fire Opal for quantum circuit optimization, Black Opal for quantum computing education, and Boulder Opal for quantum control optimization. Q-CTRL’s technology has been validated on quantum computers from major providers including IBM, Google, and Rigetti, demonstrating significant improvements in quantum algorithm performance through error suppression and noise mitigation. The company serves customers ranging from quantum hardware developers to end-users seeking better quantum computing results. With partnerships across academia, government, and industry, Q-CTRL is positioned as a critical infrastructure provider in the quantum computing stack, helping bridge the gap between today’s noisy quantum devices and tomorrow’s fault-tolerant quantum computers. On September 16, 2025, Q-CTRL announced a strategic partnership with QUCAN Quantum Technologies (QUCAN), merging complementary strengths in quantum control software and hardware to deliver quantum sensing solutions optimized for real-world field deployment, initially targeting defense and aerospace applications. On October 9, 2025, Q-CTRL’s Ironstone Opal, a ruggedized quantum sensor system designed for navigation in GPS-denied environments, was named one of TIME magazine’s Best Inventions of 2025, recognized for its ability to provide precise positioning data where traditional navigation systems fail.

Qilimanjaro

Qilimanjaro Quantum Tech is a Barcelona Supercomputer Center spinout founded in 2019 that develops quantum computing solutions combining quantum annealing and gate-model quantum computing approaches, creating hybrid quantum-classical systems that can solve optimization problems and quantum simulations for industries including finance, logistics, and materials science, leveraging Spain’s supercomputing expertise and European quantum initiatives to advance practical quantum computing applications with focus on near-term quantum advantage in optimization and simulation problems. In September 2025, Qilimanjaro announced a strategic partnership with Qblox, a Netherlands-based quantum control hardware company, to integrate Qblox’s control electronics with Qilimanjaro’s superconducting quantum processors, enabling enhanced scalability and performance for their quantum computing systems through advanced control and readout capabilities. In October 2025, Qilimanjaro joined the IMPAQT UA cooperative consortium as the first analog quantum computing company, focused on building interoperable and scalable quantum systems through collaborative research and development with other European quantum technology organizations. In October 2025, Qilimanjaro Quantum Tech and QURECA signed a collaboration agreement for quantum education, including workshops on analog and hybrid quantum computing with hands-on access to Qilimanjaro’s platform to advance quantum computing education and workforce development.

Qruise

Qruise is a German quantum control software company founded in 2018 as a Forschungszentrum Jülich spinoff that develops machine learning-powered software for quantum device development, creating ‘digital twin’ simulators and automated optimization algorithms that replace manual work traditionally done by quantum physicists, with strategic partnerships with Quantum Machines and Zurich Instruments to integrate their ML Physicist software into quantum control systems for automated qubit tune-up, gate optimization, and device characterization across superconducting and Rydberg atom quantum platforms.

Quantinuum

In 2024-2025, Quantinuum achieved several historic milestones with its H-series quantum computers. The company surpassed a quantum volume of one million (1,048,576 or 2^20) and later achieved 33.5 million, surpassing competitors by a factor of 16,000. Quantinuum achieved ’three 9’s’ (99.9%) 2-qubit gate fidelity in its commercial quantum computer. In collaboration with Microsoft, the company demonstrated the most reliable logical qubits to date, with error rates 800 times lower than corresponding physical circuit error rates, advancing Quantinuum’s System Model H2 to Microsoft’s Level 2—Resilient phase of quantum computing. With JPMorgan Chase, Quantinuum achieved a 100x improvement over existing industry benchmarks using the H2-1 quantum computer with 56 trapped-ion qubits, setting a new world record for the cross entropy benchmark. The company announced its next system, Helios, set to launch in 2025 with 96 qubits and enhanced computational capabilities expected by mid-2025. In August 2025, Quantinuum raised approximately $400 million in a Series B funding round at a valuation of $10 billion. The round included a $50 million investment from Quanta at $26.76 per share, marking a major milestone in quantum computing financing. This Series B positions Quantinuum as one of the highest-valued quantum computing companies globally and provides capital to advance the development of the Helios system and expand commercial quantum computing services.

Quantum Machines

In 2024-2025, Quantum Machines is hosting the AQC25 (Adaptive Quantum Circuits Conference) taking place November 12-14, 2025, in Boston, bringing together global experts from MIT, Yale, USC, Google Quantum AI, and Amazon Braket to advance adaptive quantum methods and define the future of scalable quantum computing applications. A Novera QPU has been co-located at the Israeli Quantum Computing Center (IQCC) with Quantum Machines’ OPX1000 control system and NVIDIA’s Grace-Hopper superchip servers. This setup was leveraged for a reinforcement learning project presented at IEEE Quantum Week 2024 in September, demonstrating the optimization of single qubit operations on the Novera QPU for quantum machine learning development. Quantum Machines continues to collaborate with tech firms such as Classiq to develop hybrid quantum-classical computing systems aimed at tackling challenging computational problems, with control systems scaling to support large numbers of qubits needed for error correction.

Quantum Security Defence

Quantum Security Defence is a global community and consultancy organization focused on quantum technologies, quantum cybersecurity, and quantum secure communications, founded by Anna and Steve. Operating internationally with a UK base, the organization unites the global quantum supply chain so that adoption is trusted, secure, and resilient. Quantum Security Defence has grown to more than 1,000 members with a 20,000+ fast-growing community and 100+ expert contributors providing global capability. The organization provides enterprise supply chain consulting services via a professional membership model, serving enterprises, governments, and critical infrastructure leaders navigating quantum adoption. Services include guidance through complexity from policy and standards to implementation roadmaps, access to 40-50 hours of expert lectures on quantum technologies and cybersecurity courses, and strategic consulting on quantum strategy yielding 85% cost savings and 4-week capability boosts. Quantum Security Defence operates as both an educational platform and professional consultancy, helping organizations prepare for quantum threats while building quantum-ready infrastructure and security frameworks.

Quantum Technology Consulting

Quantum Technology Consulting (QTC) is a consultancy firm founded in 2019 with operations in New York and Stockholm, combining deep domain expertise in quantum science with understanding of business needs. The company’s team consists of experienced quantum researchers with business development familiarity, offering consultancy services across quantum computing, quantum communications, quantum sensing, quantum imaging, and quantum cryptography. QTC educates clients on quantum technologies and basic quantum physics, focusing on the most relevant areas for their specific business needs. Services include expert assessment of likelihood of success, challenges, risks, time scales, and market potentials for quantum technology adoption. The company serves B2B clients seeking to understand quantum computing applications such as quantum simulation, optimization, cryptography, networks, imaging, and sensing systems. Operating from both the United States and Sweden, Quantum Technology Consulting bridges the gap between quantum research and commercial implementation, helping enterprises navigate the complex landscape of quantum technologies and make informed strategic decisions.

QuantumLeap AI

QuantumLeap AI develops quantum machine learning software and AI-powered quantum algorithm optimization tools. The company combines quantum computing with classical AI to create hybrid systems for complex data analysis and pattern recognition. QuantumLeap AI’s platform provides tools for quantum neural network development, quantum feature extraction, and quantum-enhanced AI model training. Target applications include drug discovery, materials science, and financial modeling where quantum machine learning can provide advantages. Based in London, QuantumLeap AI collaborates with AI researchers and quantum computing companies. The company focuses on practical quantum machine learning applications deliverable on near-term quantum hardware. QuantumLeap AI offers both software tools and consulting services for quantum AI development.

QUDORA

QUDORA is a German quantum computing developer specializing in trapped-ion quantum computers using Near-Field Quantum Control (NFQC) technology. The company’s flagship NFQC technology relies on ions confined in electromagnetic traps and manipulated with finely tuned laser pulses, enabling room-temperature operation that reduces infrastructure costs compared to superconducting circuits requiring millikelvin temperatures. QUDORA’s compact, scalable architecture allows dozens of ions to be entangled in a single chip-scale module to create fault-tolerant quantum processors capable of running complex algorithms in minutes with cloud-based workflow compatibility. In September 2025, QUDORA announced a strategic collaboration with South Korean research institutions and technology partners to establish quantum computing research centers in Seoul and Daejeon, focusing on quantum applications for advanced materials, battery technology, and semiconductor manufacturing, positioning South Korea as a key market for QUDORA’s Asia-Pacific expansion strategy. In October 2025, QUDORA closed a strategic partnership with Kensho, a Taiwanese distributor, to accelerate quantum computing commercialization in Taiwan, combining QUDORA’s trapped-ion platform with Kensho’s deep ties to Taiwan’s precision-manufacturing sector to bring quantum-enhanced tools into laboratories, factories, and corporate data centers across Asia-Pacific. The alliance generated significant attention at SEMICON Taiwan 2025, targeting applications in semiconductor design, pharmaceutical research, and industrial optimization while expanding QUDORA’s presence beyond Europe into the strategically important Asia-Pacific market.

QuEra Computing

In April 2024, QuEra Computing added local qubit control to its 256-qubit quantum computer Aquila, allowing for more flexibility in programming qubits independently and broadening the range of problems the computer can solve. In May 2024, QuEra Computing expanded its Boston headquarters to meet growing demand for quantum computers in the US, Europe, and Asia, having recently signed deals with the UK’s National Quantum Computing Centre and Japan’s National Institute of Advanced Industrial Science and Technology. QuEra announced a strategic roadmap for error-corrected quantum computers, aiming to reach 100 logical error-corrected qubits by 2026, with a quantum computer featuring ten logical qubits in 2024, an enhanced model with 30 logical error-corrected qubits in 2025, and a third-generation model with 100 logical qubits in 2026. QuEra’s Aquila remains the first and only publicly accessible neutral atom quantum computer, available through Amazon Braket, using programmable arrays of neutral Rubidium atoms trapped in vacuum by tightly focused laser beams.

Rigetti Computing

In 2024-2025, Rigetti Computing completed a $350 million at-the-market equity offering during Q2 2025, bolstering the company’s cash position to approximately $575 million with no debt. In December 2024, Rigetti launched its 84-qubit Ankaa-3 quantum processor, achieving record-high fidelity with a 99.0% median iSWAP gate fidelity and 99.5% median fSim gate fidelity. In 2025, Rigetti unveiled Cepheus-1-36Q, a 36-qubit multi-chip quantum computer now generally available, demonstrating a two-fold reduction in two-qubit gate error rate compared to the preceding Ankaa-3 system, achieving a median two-qubit gate fidelity of 99%. The company anticipates releasing a 100+ qubit system, also chiplet-based, with a target median two-qubit gate fidelity of 99.5% before the end of 2025. In collaboration with Riverlane and the National Quantum Computing Centre (NQCC), Rigetti won £3.5 million from Innovate UK to enhance quantum error correction capabilities on superconducting quantum computers.

Sandia National Laboratories

In August 2024, scientists at Sandia National Laboratories, collaborating with Arizona State University, received $17 million in funding from Sandia’s Laboratory Directed Research program to develop compact integrated microsystems that carry quantum information using light, scaling down large-scale optical systems to chip size for applications in advanced computing and secure communications. Researchers are fabricating small photonic integrated circuits (PICs) at Sandia’s MESA complex to achieve the same capabilities as large optical tables. Sandia is participating in the Quantum Collaborative and serves as a core partner of the Southwest Advanced Prototyping Hub (SWAP Hub), led by Arizona State University, aiming to jumpstart American competitiveness in the semiconductor industry. In January 2024, the University of New Mexico and Sandia National Laboratories partnered to establish the Quantum New Mexico Institute (QNM-I), aiming to make New Mexico a national hub for quantum science and attract global talent and quantum companies.

Sparring Capital Partners

Sparring Capital Partners is a European venture capital firm founded in 2019, focusing on deep tech and enterprise software investments including quantum security companies. In March 2025, Sparring Capital Partners led Quantum Industries’ 9.5 million euro seed financing round alongside Findus Venture and KGAL, supporting Vienna-based quantum secure communications company. The firm invests in early-stage and growth-stage technology companies developing quantum cryptography, cybersecurity, enterprise software, and deep tech solutions. Sparring Capital Partners brings capital, strategic expertise, and industry connections to quantum security startups commercializing quantum communications technologies. The firm serves European quantum technology ecosystem connecting startups with corporate partners, research institutions, and follow-on investors. Sparring Capital invests in quantum key distribution companies, post-quantum cryptography developers, quantum networking startups, and quantum-safe communications providers building practical commercial quantum security solutions. The firm contributes to European quantum technology growth supporting companies developing quantum-safe infrastructure for critical communications, government agencies, financial institutions, and telecommunications operators.

Terra Quantum

Terra Quantum provides quantum-as-a-service solutions and develops quantum algorithms for enterprise applications, offering cloud-based access to quantum computing resources and consulting services to help organizations leverage quantum technologies for solving complex optimization, simulation, and machine learning problems across various industries.

Company Information

• Founded: 2019
• Country: Switzerland
• Website: https://terraquantum.swiss
• Categories: quantum software, quantum consulting

Investment Information

• Status: private
• Total Raised: $120M
• Last Valuation: $450M

Recent Funding Rounds

• 2024-06-05: series-b - $75M - Series B funding for quantum algorithms and cloud platform
• 2022-09-20: series-a - $45M - Series A funding round

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The Quantum Insider

The Quantum Insider (TQI) is the leading provider of media and market intelligence on the quantum technology industry, founded in 2018 by Alex Challans and Evan. Based in Toronto, Canada, TQI started providing coverage just before Google’s quantum supremacy announcement in 2019 and has grown into the most comprehensive resource for quantum technology news and data. The company provides daily news updates, interviews, and content while offering its proprietary Quantum Intelligence Platform delivering marketing, consulting, and data support to customers including startups, enterprises, and national governments. TQI’s services include market intelligence analytics, marketing services, subscription data platforms, and consulting services for the quantum technology sector. Co-founder and CEO Alex Challans brings expertise in making quantum technology accessible to diverse audiences. The Quantum Insider has appointed strategic advisors including Stuart Woods and serves as a venture-backed media company democratizing access to quantum technology information and business intelligence across quantum computing, sensing, communications, and cryptography sectors.

Unitary Zero Space

Unitary Zero Space is a Helsinki-based technology-independent quantum computing and quantum technology services company founded in 2020 by Topias Uotila, educating and advising clients in creating and securing business in the second quantum revolution. The company provides consulting for commercialization of quantum technologies, educational services to develop quantum computing capabilities, and expertise in cybersecurity related to quantum threats. Unitary Zero Space analyzed the quantum technology ecosystem in Finland and created presentations of strengths and key arguments for the Invest in Finland team. Prior to incorporation, the company helped hundreds of participants at various events enter quantum computing, including workshops at two successive Disobey security conferences in 2019 and 2020. Unitary Zero Space serves businesses, government organizations, and research institutions seeking strategic guidance on quantum technology adoption, implementation, and quantum-safe security strategies.

Vienna Quantum Consulting

Vienna Quantum Consulting is a quantum computing consultancy with offices in Vienna, Austria (Baumgartenstraße 11/3, 1140 Vienna) and Munich, Germany (Agnes-Bernauer-Straße 151, 80687 Munich). The company specializes in quantum computing expertise and services, helping organizations navigate the quantum technology landscape. Vienna Quantum Consulting operates within Austria’s strong quantum computing ecosystem, which includes the Vienna Center for Quantum Science and Technology (VCQ) and quantA (Quantum Science Austria). The company provides strategic consulting, concept studies, and quantum computing implementation services to businesses and organizations seeking to understand and leverage quantum technologies. Vienna Quantum Consulting bridges the gap between quantum research and practical business applications, supporting clients in developing quantum strategies and identifying use cases for quantum computing in their industries.