5 Quantum Hardware Start-Ups

Counting the number of new start-ups founded each year is almost impossible. While the quantum computing industry already has a mark in the business and market, new quantum hardware start-ups are starting to draw all the highlights with their innovation.  

We all know a bit about artificial intelligence and machine learning. Every new technological development we find in the market today consists of those. We also have heard about quantum computing, even though it is not a new trend. Simply put, quantum computing has higher and unprecedented potential than standard or classical computing. 

Quantum computing is also more significant than a supercomputer in the case of capabilities. The intention behind quantum computing is to help humans solve complex problems. The influence of quantum computing is such that even the major players in the market, such as Microsoft and Amazon, have begun focusing on the various aspects of quantum computing. Amazon Quantum Solutions Lab is the new investment or start-up by Amazon based on quantum computing. 

Similarly, the number of quantum computing start-ups is increasing daily as their knowledge and prospects expand. So, in this article, we will talk about the top, best, and most popular quantum hardware start-ups globally in 2022. 

PASQAL

Based in Palaiseau, France, PASQAL is a quantum computing hardware manufacturer founded in 2019. When they started their venture, they received Series A funding of about $30.4M. Currently, it is at the peak of its status growth. 

The specialization of PASQAL is producing quantum processors. Without quantum processors, no quantum computer will run. As a company, PASQAL is run by 25 quantum engineers who are recognized as elites in the industry. 

They received sponsorships from France Ministry of Armed Forces and the Defense Innovation Fund of France. 

ColdQuanta

ColdQuanta is a company based on quantum hardware computing and was founded in the year 2007. It is a company based in Boulder, Colorado. As per reports based on a 5-year growth research status, its business is immersing in the technology and quantum market with a 7800% margin. Its initial funding was convertible notes of $71.6M. 

ColdQuanta started its venture with funding from the Belgian Government, the UK government, and NASA. 

What ColdQuanta do in their business is research on cold atoms. Their research involves producing quantum lasers that would significantly slow down or cease atomic movement in the quantum environment. Cold atoms have the capability to manipulate atomic motion in quantum matter. 

They sell sophisticated products based on quantum lab equipment like positioning systems, quantum radio frequency receivers, etc. 

Multiverse Computing

Based in San Sebastian, Spain, Multiverse Computing is a company with a motto to revolutionize the quantum computing industry. It was founded in 2019. They have reached the peak of success with their quantum computing start-up venture with 76% search growth. 

The central concept of Multiverse Computing is to make Traditional Finance (TradFi) more advanced and secure. Their main product is Singularity, which produces algorithms fit for quantum computers and environments. The result comes in the form of SaaS format with the SDK toolkit. 

Throughout its venture into the quantum computing industry, Multiverse Computing has built quality partnerships with high-end companies like Microsoft, Amazon, McKinsey, etc. 

Universal Quantum

Universal Quantum has a specific aspect of quantum computing. Founded in 2018 and located in Brighton, UK, Universal Quantum began its venture with only $14.5M Grant Funding. Since its venture into the quantum computing industry, its growth status has been regular. 

Via its new quantum computing start-up, Universal Computing wants to develop a Free Quantum Computer with a million qubits. That level of a quantum computer will have a high problem-solving capability, much more significant than today’s supercomputers. 

Universal Computing focuses on applying microwave technology to run quantum computing instead of lasers. As a company in quantum computing, it has quite a high level of investors like Jeff Bezos, Mark Zuckerberg, Village Global, and even Bill Gates. 

Q-Ctrl

Founded in the year 2017, Q-Ctrl is a quantum computing-based start-up located in Haymarket, Australia. With its initial funding of $43.4M in the Series B category, they have reached about a 2900% margin of search growth. However, their business status still achieved an average growth process. 

Q-Ctrl took the opportunity of the quantum hardware needs and grabbed the chance to sell quantum tools. Their products or devices are intended to help in quantum computing rather than following the software programs or quantum algorithms. Their products help quantum computers with hardware errors, noise issues, and instability. 

Conclusion

Quantum computing is all about technology, engineering, and material sciences. Such start-ups will significantly revolutionize and develop the quantum computing industry. They will potentially take over many complex aspects of sectors ranging from finance to medicine. 

Simply put, quantum computing start-ups promise a technological future.