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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AbaQus

AbaQus is a Vancouver-based quantum computing startup founded in 2021 by David Isaac and Chris Coleman, building a research platform enabling financial organizations to explore, experiment, and deploy quantum computing for risk management, optimization, and pricing. Co-founder and CEO David Isaac has over 20 years of technology sector experience and founded Quantum News, a respected platform for quantum technology analysis. In November 2024, AbaQus partnered with the Quantum Algorithms Institute (QAI) and InvestDEFY Technologies to solve machine learning model training challenges for financial applications using D-Wave’s quantum annealing systems. AbaQus Computing empowers financial institutions to harness quantum computing capabilities for complex challenges in risk management, optimization, and predictive analytics. The company contributes to Vancouver’s emerging quantum computing hub, developing practical quantum applications for financial services sectors.

AbaQus Computing

AbaQus is a Vancouver-based startup founded in 2021 by David Isaac and Chris Coleman building a research platform enabling financial organizations to explore, experiment and deploy quantum computing for risk management, optimization, and pricing. In November 2024, Quantum Algorithms Institute (QAI) announced partnership with AbaQus and InvestDEFY Technologies to solve common challenges in training machine learning models for financial applications using D-Wave’s quantum annealing systems. Partnership tackles complex problems in financial forecasting and predictive analytics such as non-stationary data, model overfitting, and generalization, making financial machine learning more streamlined by eliminating unnecessary features in financial datasets. Joined Quantum Industry Canada in April 2024. Provides comprehensive package including skills transfer, hardware access, and quantum algorithm development, aiming to accelerate quantum readiness within financial sector. Specializes in quantum-inspired feature selection and data analysis.

Abe Quantum Solutions

Abe Quantum Solutions is a Canadian quantum communication company developing quantum key distribution systems and quantum secure communication networks for enterprise and government applications. The company specializes in practical quantum cryptography implementations, quantum network infrastructure, and secure quantum communication protocols for protecting sensitive data transmission. Abe Quantum provides consulting services for quantum security implementations and develops custom quantum communication solutions for organizations requiring the highest levels of security for their data transmission and communication networks, contributing to Canada’s quantum technology ecosystem and advancing quantum cryptography applications for critical infrastructure protection.

Adaptive Finance Technologies

Adaptive Finance Technologies is a Canadian fintech company founded in 2020, developing quantum-enabled, AI-driven investment management solutions for institutional and retail investors. The company combines quantum computing capabilities with artificial intelligence to create advanced portfolio optimization, risk management, and algorithmic trading systems that can process complex financial data and market conditions. Adaptive Finance Technologies provides quantum-enhanced investment platforms, risk analysis tools, and automated trading systems that leverage quantum algorithms for optimization problems in financial markets. The company serves investment managers, hedge funds, pension funds, and financial institutions seeking advanced computational capabilities for investment decision-making and portfolio management applications.

Aeponyx

Aeponyx was a Montreal-based photonic integrated circuit (PIC) company founded in 2012, acquired by Pasqal on June 3, 2025. The company spent a decade in R&D developing its PIC platform combining Silicon Nitride (SiN) and Micro-Electro-Mechanical-Systems (MEMS) technologies, raising $22 million in venture capital. Aeponyx’s PIC platform served telecom, datacom, life science, automotive, and quantum markets with applications requiring stable, precise optical control. The acquisition by Pasqal brought Aeponyx’s 27-person team and intellectual property under CEO Philippe Babin’s continued leadership, replacing delicate optical setups with chip-scale photonic circuits dramatically increasing stability of atom control and precision of individual qubit manipulation for Pasqal’s neutral-atom quantum computers. Aeponyx strengthens Pasqal’s photonic control capabilities accelerating development of fault-tolerant quantum computing systems.

Agnostiq

Agnostiq is a Toronto-based quantum computing SaaS company founded in 2018 that has developed Covalent, an open-source workflow orchestration platform that democratizes access to quantum and high-performance computing resources, enabling researchers and developers to seamlessly orchestrate experiments across heterogeneous computing environments including quantum processors, CPUs, GPUs, and cloud resources through intelligent task scheduling and modular Python components, with $2 million in funding and evolution to commercial Covalent Cloud platform for AI infrastructure management.

Anyon Systems

Anyon Systems specializes in quantum hardware components and integration services, providing cryogenic systems, quantum device packaging, and custom quantum hardware solutions that enable researchers and companies to build and operate quantum computing systems with focus on practical implementation and system integration.

Company Information

• Founded: 2014
• Country: Canada
• Website: https://anyonsys.com
• Categories: hardware

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Applied Quantum Materials

Applied Quantum Materials (AQM) is an ISO 9001 certified Canadian company headquartered in Edmonton, Alberta, founded in April 2015 as a spin-out from the University of Alberta. AQM is a global leader in the design, synthesis, and manufacturing of silicon quantum dots (SiQDs), silica nanomaterials, HSQ photo resist, quantum dot sensors, nanocomposite polymers, and gold and magnetic nanoparticles. AQM’s biocompatible silicon quantum dots (2-9 nm) offer high quantum yield and robust stability as an alternative to toxic heavy-metal quantum dots. CEO David Antoniuk holds a Ph.D. in engineering physics. AQM’s materials serve Fortune 100 manufacturers of quantum computers, photonic and memory chips, sensors, and smart textiles, with applications in quantum computing, silicon photonics, quantum sensing, health sciences, display technology, and security. Sales climbed roughly 60% last fiscal year.

Aquabits

Aquabits develops scalable multiqubit trapped ion technology at a fraction of traditional costs for quantum computing. Inspired by the transport of water molecules in naturally occurring proteins called Aquaporins, Aquabits invented a novel, simple, and low-cost method to trap ions inside artificial water channels. This breakthrough method circumvents the need for bulky lasers and expensive micro-nano fabrication techniques, creating an unparalleled potential for a scalable multi-qubit system. Founded in December 2020 and spun out from the University of Waterloo’s Institute for Quantum Computing, Aquabits aims to provide affordable quantum technology for all.

Bell Canada

Bell Canada (formally The Bell Telephone Company of Canada) is a Canadian telecommunications company founded in 1880, headquartered in Montreal, Quebec, part of BCE Inc. Bell Canada explores quantum networking research including quantum key distribution (QKD) trials and quantum-safe telecommunications infrastructure. The company collaborates with Canadian quantum technology companies and research institutions including University of Waterloo advancing quantum communications capabilities. Bell investigates quantum encryption for secure telecommunications and quantum networking for future communications infrastructure. The company serves Canadian telecommunications markets, enterprise customers, and government agencies requiring quantum-safe communications and quantum technology exploration. Bell contributes to Canadian quantum technology ecosystem advancing quantum communications research and quantum networking for telecommunications industry supporting Canada quantum technology leadership.

Boxcat

Boxcat is a Canadian quantum computing company developing quantum algorithms and machine learning applications for complex data analysis and optimization problems. The company specializes in quantum machine learning platforms, quantum data analytics tools, and hybrid quantum-classical algorithms for processing large datasets and solving optimization challenges that benefit from quantum computing advantages. Boxcat provides quantum software development services and creates custom quantum applications for clients in finance, healthcare, and technology sectors, focusing on quantum-enhanced data science and machine learning applications that can deliver computational advantages over classical approaches for specific problem domains.

BTQ

BTQ is a Canadian post-quantum blockchain company founded in 2021 that develops quantum-resistant blockchain technologies and distributed ledger systems designed to remain secure against quantum computer attacks, creating post-quantum cryptographic implementations for blockchain networks, cryptocurrency systems, and decentralized applications, providing quantum-safe blockchain solutions, post-quantum digital signatures, and quantum-resistant consensus mechanisms that enable blockchain and cryptocurrency systems to maintain security and integrity even when cryptographically relevant quantum computers become available to adversaries. In October 2025, BTQ Technologies announced the first successful demonstration of a quantum-resistant Bitcoin implementation using NIST-standardized post-quantum cryptography, with their Bitcoin Quantum Core Release 0.2 replacing vulnerable ECDSA signatures with ML-DSA to protect the $2.4 trillion Bitcoin market from quantum attacks projected to emerge by estimated 2030.

C2MI

C2MI (MiQro Innovation Collaborative Centre) is Canada’s leading hub for innovation in MEMS and semiconductor packaging founded November 1, 2011, with official inauguration July 2012, based in Bromont, Québec. C2MI is expanding into quantum chip manufacturing with new quantum fabrication facility dedicated to superconducting quantum chips expected operational targeting 2026. The facility features PVD system with unique capabilities essential for creating highly precise and reliable components for superconducting quantum circuits including Josephson Junctions, foundational element of quantum processors. Anyon Systems signed MOU with C2MI confirming collaboration in developing industrial-grade quantum fabrication facility. C2MI partnership with Nord Quantique provides industrial-grade fabrication for superconducting qubits. C2MI serves Canadian quantum computing manufacturers requiring industrial-scale superconducting qubit fabrication with advanced semiconductor packaging capabilities supporting quantum processor development and quantum computing hardware manufacturing.

Cerca Magnetics

Cerca Magnetics is a Canadian quantum sensing company developing optically pumped magnetometers for medical imaging and geophysical exploration. The company manufactures OPM sensors based on atomic vapor cells that detect extremely weak magnetic fields. Cerca Magnetics targets medical applications including magnetoencephalography (MEG) for brain imaging, as well as geophysical applications for mineral exploration and archaeological surveying where ultra-sensitive magnetic field detection provides valuable measurement capabilities.

Company Information

• Founded: 2020
• Country: Canada
• Website: https://cercamagnetics.com
• Categories: quantum sensing, magnetometers

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CogniFrame Inc

CogniFrame Inc is a Canadian quantum software company developing quantum machine learning platforms and quantum artificial intelligence applications for enterprise customers. The company specializes in quantum-enhanced AI algorithms, quantum neural networks, and hybrid quantum-classical machine learning systems that can process complex datasets and optimization problems beyond the capabilities of classical computing systems. CogniFrame provides quantum AI consulting services and develops custom quantum machine learning solutions for clients in finance, healthcare, and technology sectors, focusing on applications where quantum computing can provide computational advantages in pattern recognition, optimization, and predictive analytics.

Compute Everything Technologies

Compute Everything Technologies is a Canadian quantum software company developing quantum simulation and computational tools for materials science applications, focusing on quantum algorithms for molecular modeling, materials discovery, and chemical simulation. The company provides quantum software platforms for researchers and enterprises in materials science, chemistry, and pharmaceutical industries seeking to leverage quantum computing advantages for complex molecular simulations and materials property calculations. Compute Everything Technologies specializes in quantum chemistry algorithms, materials simulation software, and consulting services for organizations developing new materials, catalysts, and chemical compounds using quantum-enhanced computational approaches.

Creative Destruction Lab

Creative Destruction Lab (CDL) is a nonprofit organization founded in 2012 at University of Toronto Rotman School of Management operating seed-stage accelerator program for science-based and technology startups. CDL launched dedicated quantum machine learning stream in 2018 becoming one of first accelerators focused on quantum technology startups. CDL Quantum stream provides mentorship funding and network access to quantum computing startups quantum software companies and quantum technology entrepreneurs. The program connects quantum founders with leading quantum researchers industry experts and investors. CDL has accelerated numerous quantum startups advancing quantum technology commercialization and quantum computing industry development. CDL serves quantum technology entrepreneurs requiring acceleration support strategic guidance and investor access for quantum computing companies quantum software development and quantum technology commercialization supporting Canadian quantum leadership.

Creative Destruction Lab Quantum

Creative Destruction Lab (CDL) operates a leading quantum accelerator through its Toronto-Montreal partnership, contributing to approximately 20% of all quantum startups worldwide with alumni raising over $825 million CAD. The CDL quantum stream provides mentorship, connections, and resources to quantum technology startups. CDL’s objective-based accelerator model connects quantum startups with experienced entrepreneurs, investors, and quantum experts to accelerate commercialization and help companies achieve key milestones on their path to market.

Crypto4A

Crypto4A is a Canadian cybersecurity firm developing quantum-safe hardware security modules (HSMs) and integrated cryptographic platforms for enterprises and government agencies. Their flagship product QxHSM provides quantum-safe and crypto-agile hardware security solutions addressing evolving fundamental security threats. The company focuses on secure manufacturing and Industry 4.0 applications with $3.75M repayable contribution from Canada’s Federal Economic Development Agency for Southern Ontario as part of a $7.5M Quantum-Safe Secure Manufacturing Initiative.

Crypto4A Technologies

Crypto4A Technologies is a Canadian cybersecurity company developing quantum-safe cryptographic solutions and post-quantum cryptography systems to protect against future quantum computing threats. The company provides quantum-resistant encryption technologies, secure key management systems, and cryptographic hardware security modules designed to maintain security even in the presence of quantum computers capable of breaking traditional encryption methods. Crypto4A serves government agencies, financial institutions, and enterprise customers requiring long-term cryptographic protection, offering consulting services and implementation support for transitioning to quantum-safe security architectures that will remain secure against both classical and quantum computing attacks.

D-Wave

In 2024-2025, D-Wave reported an 83% increase in bookings for its annealing quantum computing technology across the Asia Pacific region. The company’s flagship Advantage2 system employs over 5,000 qubits designed for solving complex combinatorial optimization problems, celebrating 25 years of quantum annealing development. D-Wave launched the fast-anneal feature, which allows users to perform quantum computations at unprecedented speeds, reducing the impact of external disturbances. Recent performance comparisons demonstrated that D-Wave’s Advantage2 prototype outperformed IBM’s gate-model quantum computer in solution quality and speed for optimization tests. Researchers successfully translated complex financial problems like currency arbitrage into formats suitable for rapid solution using quantum annealing on the Advantage2 computer. NTT DOCOMO achieved a 15% reduction in congestion at base stations through a quantum optimization pilot project in 2024 using D-Wave’s technology.

Ergo Quantum

Ergo Quantum builds scalable quantum-classical hybrid frameworks that convert industrially relevant problems into quantum formulations for materials science and pharmaceutical applications. The company uses hybrid algorithms like VQE that leverage both classical and quantum computers, combined with quantum-enhanced machine learning capabilities to address specific business needs in chemistry and materials simulation. Led by Dr. Ushnish Ray with 20+ years of quantum technology experience from Caltech, Princeton, and UIUC.

evolutionQ

evolutionQ is a Canadian quantum-safe cybersecurity company founded in 2015 that specializes in quantum risk assessment and post-quantum cryptography solutions, developing tools and services that help organizations evaluate their vulnerability to quantum computing threats and implement quantum-safe security measures, providing cryptographic migration services, quantum risk analysis, and post-quantum cryptography consulting that enables enterprises and government agencies to transition from classical encryption to quantum-resistant security systems before the advent of cryptographically relevant quantum computers threatens current encryption standards.

GEM Systems

GEM Advanced Magnetometers is a world leader in high-precision quantum magnetometer technology for earth science, geophysics, mineral and oil exploration, environmental applications, UXO detection, and earthquake research. Founded in 1980 and managed by Dr. Ivan Hrvoic, GEM leads in developing advanced quantum magnetometer technologies including Overhauser, optically pumped Potassium (K-Mag), and Proton Precession magnetometers. Based in Markham, Ontario, the company pioneered the potassium vapor magnetometer and continues innovation in quantum sensing. GEM’s magnetometers and gradiometers serve global geophysical survey, resource exploration, and scientific research applications requiring ultra-sensitive magnetic field detection.

infinityQ

infinityQ is a cloud-based quantum-inspired computing platform specifically designed to address optimization challenges. The company offers businesses and researchers access to quantum-inspired computing without the overhead and fragility of actual quantum hardware. infinityQ focuses on delivering practical optimization solutions for supply chain, logistics, scheduling, and routing problems using quantum-inspired algorithms that run on classical infrastructure.

Company Information

• Founded: 2019
• Country: Canada
• Website: https://infinityq.tech
• Categories: quantum software

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infinityQ Technology Inc.

infinityQ Technology is a female-founded Montreal startup focused on quantum analog computing solutions for enterprise optimization problems. The company develops quantum-inspired optimization algorithms that run on specialized analog hardware to solve complex combinatorial optimization challenges. infinityQ targets industries including logistics, finance, and energy with optimization solutions that bridge classical computing and future quantum systems, delivering near-term value while building quantum-ready capabilities.

Company Information

• Founded: 2019
• Country: Canada
• Website: https://infinityq.tech
• Categories: quantum software, quantum optimization

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ISARA

ISARA Corporation was a Canadian cybersecurity company founded in 2015 in Waterloo, Ontario, specializing in quantum-safe security solutions and post-quantum cryptography. ISARA developed cryptographic agility solutions enabling organizations to transition to quantum-resistant encryption algorithms protecting against quantum computing threats. The company was acquired by Bri stow Group (now Onboardsecurity) in 2021. ISARA provided quantum-safe security products including post-quantum cryptography libraries, crypto-agility toolkits, and quantum risk assessment services. The company served enterprise customers, government agencies, telecommunications operators, and critical infrastructure sectors requiring quantum-safe security. ISARA contributed to post-quantum cryptography standards development and quantum-safe security best practices advancing quantum-safe cryptography adoption and protecting digital infrastructure against future quantum computing threats to current encryption systems.

Menten AI Canada

Menten AI is a software platform for protein design powered by machine learning and quantum computing, improving drug discovery accuracy while reducing costs. The Toronto company applies quantum computing to protein engineering. Menten AI uses quantum annealing and machine learning to design novel protein therapeutics, addressing challenges in biologics development and potentially accelerating the discovery of protein-based drugs.

Company Information

• Founded: 2018
• Country: Canada
• Website: https://menten.ai
• Categories: quantum chemistry, protein design

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Nanoacademic

Nanoacademic Technologies is a Montreal-based quantum simulation software company founded in 2008 that develops atomistic and quantum modeling tools including QTCAD (the world’s first commercial finite-element modeling software for spin qubits), NanoDCAL for quantum transport, and RESCU for nanophysics simulation, enabling researchers to predict properties of next-generation materials and quantum devices before manufacturing, serving academic, government, and corporate quantum researchers with 13+ years of in-house developed algorithms and consultancy services for advanced modeling support.

Nirvanic Consciousness Technologies

Nirvanic Consciousness Technologies pioneersquantum consciousness technologies for artificial intelligence. Founded by quantum computing expert Suzanne Gildert (former co-founder of Kindred AI and Sanctuary AI, and developer of quantum machine learning algorithms at D-Wave), the company explores the computational basis of consciousness in creating safer, human-aligned artificial intelligence systems. The company develops Quantum Conscious Agency Theory (QCAT), hypothesizing that technological systems might become conscious if they process quantum information in specific ways using entanglement of qubits and wave function collapses. Emerged from stealth in August 2024.

Nord Quantique

Nord Quantique is a pioneering quantum error correction company founded in 2020 in Sherbrooke, Quebec, that develops fault-tolerant quantum computers using bosonic codes and multimode encoding with their breakthrough Tesseract code, exploiting the natural redundancy of photons within quantum modes to achieve built-in error resilience without requiring more physical qubits, demonstrating industry-first quantum error correction at the qubit level with plans to deliver utility-scale machines exceeding 100 logical qubits by 2029 while consuming dramatically less energy than classical HPC systems.

Omni Circuit Boards

Omni Circuit Boards Ltd. is a Canadian manufacturer specializing in superconductive low-temperature aluminum-trace printed circuit boards for quantum computing and cryogenic applications. Founded in 1985 as Omni Graphics print shop, the company quickly evolved into a premier PCB manufacturer for prototyping, short runs, and urgent R&D response projects. Based in Richmond, British Columbia, Omni Circuit Boards is the proud manufacturer of cryogenic aluminum-trace PCBs found in D-Wave quantum computers. The company’s aluminum-trace PCB technology is essential for low-temperature engineering, quantum computing systems, and other leading-edge applications requiring specialized circuit boards that function at cryogenic temperatures. Omni Circuit Boards signed a research and development agreement with D-Wave Systems Inc. to support further advancement of aluminum-trace printed circuit boards for quantum computing applications. With over 35 years of PCB fabrication experience, Omni Circuit Boards provides critical infrastructure components enabling superconducting quantum computing systems to operate reliably at ultra-low temperatures.

Phantom Photonics

Phantom Photonics is a NATO DIANA company spun out from the University of Waterloo’s Institute for Quantum Computing, developing advanced quantum sensors with unmatched noise resilience for space, underwater, and long-distance applications. The company’s cutting-edge technology for quantum 3D remote sensing was developed at the Quantum Photonics Lab by Alex Maierean, Dr. Shihan Sajeed, and Prof. Thomas Jennewein. Phantom’s quantum coherence-based sensors offer superior noise resilience, covert functionality, and imperviousness to adversarial disabling, enabling undersea asset monitoring and anti-collision systems for satellites. The company raised $320K in funding and plans its first marine sensor network demonstration by end of 2025.

Phaseshift Technologies

Phaseshift Technologies is a Canadian quantum software company founded in 2020 that develops comprehensive quantum software solutions including quantum development frameworks, simulation tools, and quantum algorithm implementations, providing software platforms that enable organizations to explore quantum computing applications and develop quantum algorithms for optimization, machine learning, and scientific computing problems, bridging the gap between quantum theory and practical quantum computing applications for enterprises and researchers.

Company Information

• Founded: 2020
• Country: Canada
• Website: https://phaseshift.com
• Categories: software

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Photonic Inc

Photonic Inc develops fault-tolerant quantum computers using silicon photonic technology and spin-photon interfaces to create distributed quantum systems that can operate at telecommunications wavelengths, enabling networking capabilities and room-temperature operation for quantum computing applications in optimization, machine learning, and distributed quantum computing networks.

Company Information

• Founded: 2016
• Country: Canada
• Website: https://photonic.com
• Categories: hardware

Investment Information

• Status: private
• Total Raised: $109M
• Last Valuation: $400M

Recent Funding Rounds

• 2023-03-14: series-a - $100M - Series A funding round led by Microsoft
• 2021-04-08: seed - $9M - Seed funding round

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ProteinQure

ProteinQure leverages quantum molecular simulations and AI to accelerate drug discovery and development, using quantum-enhanced computational methods to model complex molecular interactions and protein dynamics that are challenging for classical computers, enabling more accurate predictions of drug efficacy and safety for pharmaceutical applications.

Company Information

• Founded: 2017
• Country: Canada
• Website: https://proteinqure.com
• Categories: quantum pharma

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ProteinQure Inc.

ProteinQure is a Toronto biotech company combining quantum computing, machine learning, and molecular simulations to accelerate protein-based therapy design. The company uses quantum algorithms and AI to navigate the vast space of possible protein structures and sequences to identify therapeutic candidates. ProteinQure’s technology platform addresses the complexity of protein engineering for drug development, potentially enabling the design of novel biologics and protein therapeutics with improved properties and reduced development timelines.

Q-Block Computing

Q-Block Computing is a vertically integrated quantum computing startup focused on delivering fault-tolerant quantum devices for advanced computation, communication, and sensing. The company commercializes a scalable and integrated quantum photonic platform called the Q-block module, inspired by today’s superscalar processing architectures with distributed precision timing. Q-block modules are deployed as exquisite quantum clocks and resilient quantum communication devices for the defense and security sector. The company offers miniature interference-filter-based external cavity diode lasers and monolithic thermally-compensated laser resonators that have been stabilized to control complex atoms and photons in quantum systems.

QEYnet

QEYnet is a Canadian quantum key distribution network company founded in 2020 that develops and operates quantum communication networks for secure key distribution services, creating QKD network infrastructure and providing quantum-safe communication services that enable organizations to establish ultra-secure communication channels protected against both classical and quantum computing threats, offering managed QKD services, network integration solutions, and quantum-safe connectivity for government agencies, financial institutions, and enterprises requiring the highest levels of communication security through quantum cryptographic protocols and quantum network infrastructure.

Quantropi

Quantropi is a Canadian quantum-safe security company founded in 2018 that develops a comprehensive quantum-safe security platform combining quantum key distribution, post-quantum cryptography, and quantum random number generation technologies, providing end-to-end quantum-safe solutions that protect data and communications against both current and future quantum computing threats, offering cloud-based quantum security services, quantum-safe APIs, and integrated security solutions for enterprises, government agencies, and telecommunications providers seeking to implement quantum-resistant security infrastructure across their networks and applications.

Quantum Benchmark

Quantum Benchmark was a Canadian quantum software company founded in 2017 that specialized in quantum error diagnostics and quantum performance validation tools, developing True-Q software for quantum error characterization, gate set tomography, and quantum processor benchmarking that enabled quantum computing companies to optimize their systems and validate quantum operations, providing essential tools for quantum hardware development and quality control before being acquired by Keysight Technologies to enhance their quantum test and measurement portfolio, bringing advanced quantum error diagnostics capabilities to Keysight’s comprehensive quantum computing test solutions.

Quantum Bridge Technologies

Quantum Bridge Technologies is a Canadian quantum networking company founded in 2019 as a University of Toronto spinout by Mattia Montagna (CEO) and Hoi-Kwong Lo (CTO), pioneering quantum-safe communications and quantum networking infrastructure. The company develops quantum key distribution systems, quantum repeaters, and quantum-safe cybersecurity solutions, partnering with Juniper Networks to advance industry-first quantum-safe networking solutions for enterprise and government applications. Professor Hoi-Kwong Lo, co-inventor of the all-photonic quantum repeater and ranking among the world’s top quantum cryptography researchers, brings decades of experience from Hewlett-Packard and MagiQ Technologies. Quantum Bridge focuses on building quantum networking infrastructure that enables secure quantum communications and distributed quantum computing applications, developing quantum-safe protocols and hardware for protecting critical infrastructure against both classical and quantum computing threats.

Quantum eMotion

Quantum eMotion is a Canadian quantum security company founded in 2007 that develops quantum random number generators and quantum entropy sources for cybersecurity applications, creating hardware-based quantum random number generation systems that leverage quantum physical processes to produce true randomness essential for cryptographic keys, digital signatures, and secure protocols, providing quantum entropy solutions, random number generation hardware, and quantum-safe entropy services for cybersecurity companies, telecommunications providers, and organizations requiring certified high-quality randomness for encryption, authentication, and secure communications applications.

Quantum eMotion Corp.

Quantum eMotion is a Canadian quantum security company providing quantum random number generators using quantum tunneling for generating true randomness. The company develops QRNG chips based on quantum tunneling phenomena in semiconductor devices, providing high-speed random number generation for cryptographic applications. Quantum eMotion’s technology offers compact, cost-effective quantum random number generation suitable for integration into security systems, IoT devices, and cryptographic applications.

Company Information

• Founded: 2014
• Country: Canada
• Website: https://www.quantumemotion.com
• Categories: QRNG, quantum security

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Quantum Numbers Corp

Quantum Numbers Corp is a Canadian quantum security company founded in 2019, developing quantum random number generation technology for cryptographic applications and secure communications. The company specializes in providing true randomness based on quantum mechanical processes for encryption key generation, cryptographic operations, and applications requiring unpredictable random numbers. Quantum Numbers Corp is recognized among emerging Quantum Cryptography Solutions providers developing innovative approaches to quantum-safe security. The company provides QRNG technology and entropy services for cybersecurity applications, blockchain platforms, financial institutions, and IoT device security. Quantum Numbers Corp serves enterprises, government agencies, cryptocurrency platforms, and technology companies requiring quantum random number generation for securing digital assets, cryptographic key management, and applications demanding provably random numbers resistant to prediction. The company focuses on making quantum randomness accessible for integration into existing security infrastructure and next-generation quantum-safe cryptographic systems.

Quantum Valley Investments

Quantum Valley Investments is a Canadian VC fund focused on quantum technology commercialization in the Waterloo quantum ecosystem. The fund invests in quantum computing, quantum sensing, and quantum communications startups emerging from the University of Waterloo and Perimeter Institute. Quantum Valley Investments has backed multiple successful quantum startups including companies developing quantum sensors, quantum software, and quantum computing hardware, playing a crucial role in building Canada’s quantum technology industry.

Quiminex

Quiminex harnesses quantum computing power and advanced machine learning to de-risk mineral exploration by identifying high-value deposits with focus on critical minerals. The company develops algorithms to minimize exploration search space, reducing uncertainty and environmental impact while gathering and analyzing multi-dimensional datasets to generate predictive models and validate potential ore deposits for strategic opportunities. Secured pre-seed investments from QV Studio, Quantacet, and Quantonation in April 2025 as first company from QV Studio program to receive Quantonation investment.

Rogers Communications

Rogers Communications Inc. is a Canadian communications and media company founded in 1960, headquartered in Toronto, Ontario. Rogers explores quantum technologies including quantum-safe security for telecommunications networks and quantum communications research. The company collaborates with Canadian quantum technology companies and research institutions exploring quantum networking capabilities. Rogers investigates post-quantum cryptography preparing telecommunications infrastructure for quantum computing threats. The company serves Canadian telecommunications markets including wireless cable and media services for consumers and businesses. Rogers contributes to Canadian quantum technology ecosystem supporting quantum communications research and quantum-safe security development for telecommunications infrastructure advancing quantum technology adoption in Canadian telecommunications sector protecting network security against emerging quantum computing threats.

SBQuantum

SBQuantum is a Canadian quantum sensing company founded in 2017 that develops quantum magnetic sensors and magnetometry systems using optically pumped magnetometers and diamond NV centers for ultra-sensitive magnetic field detection, providing quantum sensors for geophysical surveys, medical diagnostics, security screening, and fundamental physics research applications that require femtotesla-level magnetic field sensitivity, serving research institutions, mining companies, and security organizations with quantum magnetometers that can detect buried objects, monitor brain activity, and measure weak magnetic signals in challenging environments where traditional sensors lack sufficient sensitivity.

SilQ Connect

SilQ Connect is a Quebec-based quantum technology startup that secured pre-seed funding to develop microwave-optical quantum interconnects, addressing key infrastructure challenges in quantum computing networks. The company specializes in developing quantum interconnect technologies that enable communication between quantum processors and quantum computing systems, focusing on microwave-optical conversion technologies essential for scaling quantum computing architectures. SilQ Connect works on quantum networking infrastructure, quantum communication protocols, and quantum system integration technologies that enable distributed quantum computing and quantum networking applications. The company contributes to Canada’s quantum technology ecosystem by advancing quantum interconnect technologies and quantum networking capabilities for next-generation quantum computing systems.

softwareQ

softwareQ Inc. is a Kitchener, Canada-based quantum software company founded in 2017 by Dr. Michele Mosca and Dr. Vlad Gheorghiu, spun off from the Institute for Quantum Computing at the University of Waterloo. The company develops quantum simulators, compilers, optimizers, and software for quantum computing, with Vlad Gheorghiu serving as CEO and President. softwareQ’s flagship products include Quantum++, a general-purpose high-performance quantum computing framework significantly faster than competing platforms, and staq, a high-performance modular quantum computing processing toolkit comprising optimizers, translators, and physical mappers for quantum devices. In 2025, softwareQ was awarded up to $419,200 in funding for collaboration with UK quantum networking company Nu Quantum for fault-tolerant quantum computing. Both founders are IQC faculty members, with Michele Mosca as professor in the Department of Combinatorics and Optimization at the University of Waterloo.

Strawberry Fields

Strawberry Fields is an open-source software framework developed by Xanadu for designing, simulating, and executing photonic quantum programs. Built as a full-stack Python library for light-based quantum computers, it’s the only full-stack Python library available for photonic quantum computers. Strawberry Fields includes a suite of world-class tools based on cutting edge algorithms to simulate photonic algorithms. It integrates seamlessly with the Xanadu Quantum Cloud, allowing users to build and submit quantum programs for execution on next-gen photonic hardware. Enterprises and researchers can access Xanadu’s photonic quantum computers through the Xanadu Quantum Cloud (XQC) service and Strawberry Fields application library. Both Strawberry Fields and PennyLane are open-source, cross-platform tools available on Github. Published in Quantum journal in 2019.

SuperQ Quantum Computing Inc.

SuperQ Quantum Computing develops a hybrid platform called “Super” that combines quantum annealing, gate-based quantum computing, and high-performance computing with a ChatGPT-like interface. The company aims to democratize quantum computing access by removing technical barriers for organizations and individuals to practically use quantum and supercomputing. SuperQ completed its first revenue contract in July 2025 through collaboration with D-Wave Quantum Inc. on agricultural quantum optimization and trades on the Canadian Securities Exchange under symbol QBTQ.

Telus

Telus Corporation is a Canadian telecommunications company founded in 1990 (origins to 1908), headquartered in Vancouver, British Columbia. Telus explores quantum technologies through partnerships with Canadian quantum companies and quantum research institutions. The company investigates quantum-safe security for telecommunications infrastructure and quantum networking capabilities. Telus collaborates with quantum technology providers exploring practical quantum applications for telecommunications including quantum encryption and quantum-enhanced network optimization. The company serves Canadian telecommunications markets, enterprise customers, and healthcare sectors requiring quantum-safe communications and quantum technology exploration. Telus contributes to Canadian quantum ecosystem supporting quantum technology adoption in telecommunications sector advancing quantum communications research and preparing telecommunications infrastructure for quantum-safe security transitions protecting Canadian telecommunications networks.

Tensor Ventures

Tensor Ventures is a Canadian venture capital firm founded in 2021 specializing in quantum technology investments focusing on early-stage quantum computing companies quantum software startups and quantum technology commercialization. The firm provides strategic guidance and capital to quantum entrepreneurs building transformative quantum technologies. Tensor Ventures invests across quantum computing stack from quantum hardware to quantum algorithms and applications. The firm serves quantum technology entrepreneurs requiring venture capital funding for quantum computing companies quantum software development and quantum technology commercialization. Tensor Ventures maintains network of quantum experts advisors and industry partners advancing quantum technology ecosystem and quantum computing industry development supporting quantum innovation worldwide.

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.

Xanadu

In early 2025, Xanadu demonstrated Aurora, a significant advancement in photonic quantum computing featuring a modular and networked architecture that combines 35 photonic chips networked together via 13 kilometers of fiber optics to perform all essential functions for comprehensive quantum computing. In May 2025, Xanadu partnered with Applied Materials to develop high-volume fabrication processes for superconducting transition edge sensors, with teams planning to demonstrate a 300 mm platform by the end of 2025 to advance photonic quantum computing toward utility-scale applications. In March 2025, Xanadu and Corning partnered to develop low-loss optical fibre interconnects for photonic quantum computing chips, aiming to scale fault-tolerant quantum computers towards one million qubits. In June 2025, Xanadu opened a $10 million advanced photonic packaging facility in Toronto, Canada, to manufacture components for fault-tolerant quantum computers, addressing a critical gap in the Canadian quantum supply chain. In August 2025, Xanadu and HyperLight demonstrated waveguide losses below 2 dB/m in thin-film lithium niobate (TFLN) photonic chips.

Zero Point Cryogenics

Zero Point Cryogenics is a Canadian manufacturer of premium customizable dilution refrigerators and cryogenic equipment built in North America for quantum technology applications. The company provides dilution refrigerators designed for quantum computing and quantum sensing research with customization options for specific customer requirements. Zero Point Cryogenics addresses North American demand for domestically manufactured quantum cryogenic systems, offering an alternative to European suppliers with shorter delivery times and local support.