1QB Information Technologies, Inc. (1QBit) is a
quantum computing software company, based in Vancouver, British Columbia. 1QBit was founded on December 1, 2012
and has established hardware partnerships with
Microsoft
Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...
,
IBM
International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...
,
Fujitsu and
D-Wave Systems.
While 1QBit develops general purpose algorithms for quantum computing hardware, the organization is primarily focused on
computational finance,
materials science
Materials science is an interdisciplinary field of researching and discovering materials. Materials engineering is an engineering field of finding uses for materials in other fields and industries.
The intellectual origins of materials sci ...
,
quantum chemistry, and the
life sciences.
Technology
1QBit has divisions focused on universal quantum computing, advanced AI techniques, cloud based quantum processing, and hardware innovation.
1QBit's 1Qloud platform is focused on optimization including reformulating optimization problems into the
quadratic unconstrained binary optimization (QUBO) format necessary to compute with
quantum annealing processors and similar devices from organizations such as
Fujitsu,
D-Wave,
Hitachi and
NTT, while their QEMIST platform is focused on advanced materials and quantum chemistry research with universal quantum computing processors.
History
1QBit was founded as the first dedicated quantum computing software company in 2012. In 2013, 1QBit raised seed funding from US and Canadian angel investors, before closing a
Series A financing round led by the
Chicago Mercantile Exchange in 2014.
On August 5, 2015, the
World Economic Forum
The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German ...
announced 1QBit as a recipient of the 2015 Technology Pioneer Award recognizing 1QBit as a leader among the world's most promising technology companies. In 2017, 1QBit raised a $45M
Series B financing round led by Fujitsu with participation from
Allianz,
Accenture,
The Royal Bank of Scotland and the
Chicago Mercantile Exchange. In April 2018, 1QBit joined the IBM Q Network, a global community of leading Fortune 500 companies, academic institutions, startups, and national research labs designed to explore practical applications for quantum computing.
In May 2020, 1QBit and its collaborators serving health authorities from East to West obtained support from the Digital Technology Supercluster to facilitate the clinical implementation of XrAI, the first Artificial Intelligence (AI) radiology platform to be accredited by Health Canada as a Class III Medical Device.
Locations
1QBit is headquartered in
Vancouver, British Columbia, Canada.
In early 2019, 1QBit opened a hardware innovation lab at the
University of Waterloo
The University of Waterloo (UWaterloo, UW, or Waterloo) is a Public university, public research university located in Waterloo, Ontario, Canada. The main campus is on of land adjacent to uptown Waterloo and Waterloo Park. The university also op ...
in
Waterloo, Ontario.
See also
*
Adiabatic quantum computation
*
Quantum computing
*
Quantum simulator
*
Timeline of quantum computing and communication
References
External links
*
{{Vancouver Corporations
Companies based in Vancouver
2012 establishments in British Columbia
Software companies established in 2012
Financial software companies
Quantum information science
Software companies of Canada
Quantum programming