What is 1QBit?
Founded in 2012 and based in British Columbia, Canada, 1QBit specializes in developing platforms and services for quantum computing. The company's core focus lies in creating essential tools, such as software developer's kits (SDKs) and application programming interfaces (APIs), which are vital for enabling developers and researchers to harness the power of quantum computation. By providing these foundational software components, 1QBit aims to bridge the gap between complex quantum hardware and practical application development, positioning itself as a key enabler in the quantum technology sector.
How much funding has 1QBit raised?
1QBit has raised a total of $35.1M across 1 funding round:
Series B
$35.1M
Series B (2017): $35.1M with participation from CME Ventures, Accenture, Fujitsu Global, The Royal Bank of Scotland, Fluxus Ventures, and Allianz
Key Investors in 1QBit
CME Ventures
CME Ventures is the venture capital arm of CME Group, a leading derivatives marketplace. Their investment likely focuses on technologies that can impact financial markets and trading infrastructure.
Accenture
Accenture is a global professional services company specializing in IT services and consulting. Their investment suggests a strategic interest in quantum computing's potential impact on enterprise digital transformation and technology solutions.
Fluxus Ventures
Fluxus Ventures is a real estate venture capital firm focused on data-centric solutions and proptech. Their participation in this round is notable and may indicate an interest in the application of quantum computing to real estate analytics or operational efficiencies.
What's next for 1QBit?
With its recent major strategic investment, 1QBit is poised for significant expansion and innovation. The capital infusion is anticipated to fuel advancements in its quantum software platforms, enhancing capabilities for complex problem-solving across various industries. This strategic backing suggests a focus on scaling operations, broadening market reach, and potentially forging new partnerships to accelerate the adoption of quantum computing. The company's trajectory indicates a move towards solidifying its position as a leader in providing the software infrastructure necessary for the next generation of computing.
See full 1QBit company page
