Alpine Quantum Technologies

Alpine Quantum Technologies develops trapped ion quantum computers and quantum simulators based on research from the University of Innsbruck, offering cloud-accessible quantum systems through their AQT quantum cloud platform for research institutions and companies working on quantum algorithms, optimization problems, and quantum simulation applications in materials science and chemistry.

Company Information

• Founded: 2018
• Country: Austria
• Website: https://aqt.eu
• Categories: hardware, quantum algorithms, quantum chemistry, quantum cloud, quantum education, quantum materials, quantum optimization, quantum simulation, quantum software, trapped ion

Investment Information

• Status: private
• Total Raised: $23.2M
• Last Valuation: $150M

Recent Funding Rounds

• 2022-06-29: series-a - $19M - Series A funding round
• 2019-11-14: seed - $4.2M - Seed funding round

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Amazon Braket

In 2024-2025, Amazon Braket expanded significantly through partnerships and hardware additions. NVIDIA and AWS announced a collaboration to advance quantum computing research by integrating NVIDIA’s quantum-classical computing platform, NVIDIA CUDA-Q, with Amazon Braket, allowing researchers to leverage hybrid quantum-classical workflows. IQM Quantum Computers made its 20-qubit quantum processing unit, IQM Garnet, available through Amazon Braket in the AWS Europe (Stockholm) Region, marking the first quantum processing unit available to AWS customers within the European Union in a self-service, on-demand model. IonQ announced continued collaboration with AWS, making IonQ’s Forte system (delivering 36 algorithmic qubits) available on Amazon Braket. Amazon Braket continues to provide access to multiple quantum hardware providers including QuEra’s 256-qubit Aquila neutral atom system, supporting the AQC25 conference bringing together stakeholders from MIT, Yale, USC, Google Quantum AI, and others.

Argonne National Laboratory

Argonne National Laboratory is a USA national laboratory founded July 1, 1946, located in Lemont, Illinois, operated by University of Chicago for United States Department of Energy. Argonne pursues research spanning theory, algorithms, simulations, and modeling of quantum systems leveraging supercomputing resources and multi-qubit hardware platforms. The laboratory operates quantum computing testbeds integrating quantum processors with high-performance computing infrastructure enabling hybrid quantum-classical algorithms. Argonne conducts quantum computing research across superconducting qubits, quantum algorithms, quantum networking, and quantum simulation applications. The laboratory is one of five DOE National Quantum Information Science Research Centers with over 1,500 experts collaborating across quantum research initiatives. Argonne serves scientific research community, government agencies, and industry partners requiring quantum computing applications in chemistry, materials science, optimization, and machine learning advancing quantum computational advantage for national security and energy applications.

Atom Computing

In 2024-2025, Atom Computing became the first company to cross the 1,000-qubit threshold for a universal gate-based quantum system, creating a 1,225-site atomic array populated with 1,180 qubits in its next-generation neutral atom quantum computing platform. Atom Computing was recognized by Fast Company as one of the world’s most innovative companies in 2025 for its advancements in neutral atom quantum computing. In a major milestone, Microsoft and Atom Computing achieved record-breaking quantum entanglement by creating and entangling 24 logical qubits on a commercial quantum machine, and also used 28 logical qubits to perform successful computations based on the Bernstein-Vazirani algorithm, producing more accurate solutions than the corresponding computation based on physical qubits. These achievements demonstrate Atom Computing’s leadership in neutral atom technology and logical qubit operations.

AWS

Amazon Web Services (AWS) provides Amazon Braket, a fully managed quantum computing service enabling researchers and developers to explore, evaluate, and experiment with quantum computing. Launched in 2019 and generally available in 2020, Amazon Braket offers access to quantum hardware from multiple providers including Rigetti’s 84-qubit Ankaa-2 processor (integrated 2024), IonQ, D-Wave, and Oxford Quantum Circuits. Amazon Braket hybrid jobs allow developers to execute hybrid quantum-classical algorithms combining quantum and classical computing resources. The service includes quantum circuit simulators, algorithm libraries, and development tools. AWS operates quantum computing through its cloud infrastructure, enabling customers to access quantum processors without managing physical hardware. Amazon Braket serves researchers, developers, and enterprises exploring quantum applications in optimization, machine learning, and scientific simulation.

BosonQ Psi

BosonQ Psi (BQP) is India’s first quantum computing company focused on leveraging quantum algorithms to accelerate multiphysics simulations for industries including automotive, aerospace, energy, marine, and manufacturing. Founded by Abhishek Chopra (CEO), Rut Lineswala (CTO), and Jash Minocha (CFO), the company raised $3 million in seed funding in 2024, bringing total funding to $4.7 million led by Monta Vista Capital. BQP developed the proprietary BQPhy platform that uses quantum-inspired algorithms to achieve 10X acceleration on current high-performance computing systems with potential for 1000X acceleration on quantum computers. The company joined the Strangeworks Quantum Syndicate and provides quantum-powered simulation-as-a-service, reducing simulation times from months to days for complex engineering problems requiring advanced computational capabilities.

Caltech

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Dynamiqs

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Harvard University

Harvard University is a private Ivy League research university founded 1636 in Cambridge Massachusetts. Central to Harvard quantum initiatives is Harvard Quantum Initiative uniting researchers from various disciplines to advance quantum science and engineering. In September 2025, a team of Harvard physicists led by Mikhail Lukin (Joshua and Beth Friedman University Professor) achieved a historic breakthrough by building the first quantum computer that can operate continuously for over 2 hours without restarting, published in Nature. The system operates an array of more than 3,000 qubits (neutral atoms) and theoretically could continue indefinitely, representing a massive improvement over existing quantum computers that typically run for milliseconds or at most 13 seconds. The breakthrough was achieved by replenishing qubits in real time, injecting new atoms at a rate of 300,000 per second using an optical lattice conveyor belt system to counteract atom loss and maintain quantum information, with over 50 million atoms cycled through the system during the two-hour demonstration. This transformative achievement demonstrates that quantum computers capable of running forever in practice are now just three years away (down from five+ years previously), marking a critical milestone toward practical, continuously operating quantum computing systems. Harvard Quantum Initiative is one of strongest in country heavily focused on quantum networking quantum chemistry and quantum materials research. Harvard conducts quantum research spanning quantum processors quantum algorithms quantum communication networks quantum simulation and quantum sensing. The university maintains partnerships with leading quantum companies including QuEra Computing and government agencies. Harvard serves quantum research community through fundamental quantum research quantum education programs and technology transfer advancing quantum information science and quantum technology commercialization supporting USA quantum leadership.

IonQ

In 2024-2025, IonQ raised approximately $372.6 million through an at-the-market equity offering (announced March 10, 2025), bringing the company’s cash balance to over $700 million. The company secured a major contract with Korea Institute of Science and Technology Information (KISTI) in July 2025 to deliver a 100-qubit quantum system for South Korea’s first National Quantum Computing Centre of Excellence. IonQ also signed a Memorandum of Understanding with Japan’s AIST to provide access to IonQ’s Forte-class quantum computers. At Quantum World Congress 2025, IonQ announced a groundbreaking advancement in quantum chemistry simulations with its quantum-classical auxiliary-field quantum Monte Carlo (QC-AFQMC) algorithm, demonstrating unprecedented precision in computing atomic-level forces with potential applications in drug discovery and climate change solutions. On October 7, 2025, IonQ completed the acquisition of Vector Atomic, a California-based quantum sensing company, in an all-stock transaction. The acquisition brought 75+ employees, scientists, engineers, and operators to IonQ, along with precision atomic clocks, inertial sensors, gravimeters, and synchronization hardware technology. Vector Atomic secured over $200 million in government contracts and holds 29 pending and issued patents in quantum sensing and timing. The acquisition expands IonQ’s portfolio from quantum computing into quantum sensing, timing, and navigation markets, with Vector Atomic’s technology delivering 1,000x improvement in GPS accuracy and picosecond-level timing precision for defense, aerospace, and commercial applications.

Johnson & Johnson

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Lawrence Livermore National Laboratory

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Oak Ridge National Laboratory

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Pacific Quantum

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Pasqal

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Piquasso

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Princeton University

Princeton University is a private Ivy League research university founded 1746 in Princeton New Jersey. Princeton Center for Complex Materials and Princeton Quantum Initiative provide top training in quantum information science. Princeton conducts quantum research spanning quantum processors quantum algorithms quantum materials quantum networks and quantum simulation. The university quantum programs advance fundamental quantum science and quantum technology development. Princeton maintains research partnerships with government laboratories and quantum computing companies. Princeton serves quantum research community through quantum physics research quantum engineering programs and quantum education advancing quantum information science and quantum technology development supporting USA quantum competitiveness and scientific leadership in quantum computing.

QC Design

QC Design is a Japanese quantum software company founded in 2021 developing quantum circuit design tools and quantum algorithm development platforms. The company provides software solutions for quantum computing including quantum circuit optimization, quantum algorithm simulation, and quantum software development tools. QC Design focuses on practical quantum applications for chemistry, materials science, and optimization problems. The company collaborates with Japanese quantum computing companies and research institutions advancing quantum software ecosystem in Japan. QC Design serves quantum researchers, quantum software developers, and enterprises exploring quantum computing applications requiring quantum circuit design tools and quantum algorithm development platforms. The company contributes to Japan quantum technology ecosystem advancing quantum software development and quantum computing accessibility for scientific and industrial applications.

QFab

QFab develops quantum fabrication and materials simulation software for semiconductor and materials industries. The company provides quantum-enhanced simulation tools for predicting material properties, optimizing fabrication processes, and designing new materials. QFab’s software combines quantum chemistry calculations with machine learning to accelerate materials discovery and process optimization. Target industries include semiconductors, photonics, and advanced materials manufacturing. Based in Italy, QFab collaborates with European semiconductor manufacturers and materials research institutions. The company’s platform addresses computational challenges in materials science that are difficult for classical computers. QFab focuses on practical applications delivering value to materials scientists and process engineers in manufacturing environments.

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

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Quanscient Qloud

Quanscient Qloud is a Finnish cloud and quantum computing-powered multiphysics simulation technology provider. In late 2024, secured 5.2 million euros in growth funding. Platform delivers up to 100 times greater simulation capacity than legacy tools for engineering simulation applications. Quanscient brings engineering simulation into the quantum era by combining cloud computing with quantum-enhanced algorithms for computational fluid dynamics, electromagnetics, and structural analysis. The company’s platform enables engineers to solve complex multiphysics problems faster and more accurately than traditional simulation tools. Target industries include automotive, aerospace, energy, and advanced manufacturing. Quanscient’s approach leverages cloud scalability and quantum computing potential to handle massive simulations previously infeasible with classical methods. Based in Tampere, Finland, contributing to Finland’s position as Europe’s quantum computing powerhouse.

Quantistry

Quantistry is a Berlin-based quantum chemistry startup founded in 2018 by Dr. Marcel Quennet, Dr. Vincent Pohl, Arturo Robertazzi, and Stefan Kupferberg as a spin-off from Freie Universität Berlin. The company developed QuantistryLab, a cloud-based holistic computational platform integrating quantum technologies, physics-based simulations, and machine learning for chemical R&D and materials discovery. In March 2024, Quantistry secured €3 million in funding led by Ananda Impact Ventures, with co-investors including Chemovator (BASF’s business incubator), IBB Ventures, and a Family Office. The platform leverages quantum-based simulations, multiscale modeling, and AI-driven insights to accelerate the discovery and design of innovative sustainable materials including next-generation batteries, polymers, alloys, and carbon capture technologies. QuantistryLab provides access to over 100 million molecular and material structures where users can run their own quantum chemistry simulations combining expert knowledge and computing power in a complete cloud package, serving pharmaceutical, chemical, and materials science industries.

Quantopticon

Quantopticon develops the world’s first state-of-the-art software for modeling quantum photonic components called Quantillion. Founded by mother-daughter duo Gaby Slavcheva (Chief Scientific Officer) and Mirella Koleva (CEO), the company creates advanced software with a patent-pending algorithm for precise quantum electrodynamics. Quantillion allows hardware engineers to build optimized, highly performant quantum-photonic components and integrated circuits, shortening the optimization process from 26 weeks to 2 weeks and decreasing costs by 90%. The methodology underlying Quantillion was developed over 20 years of patent-pending research. Funding includes Innovate UK grants and partnerships with Universities of Cambridge and Oxford. Participated in Duality quantum accelerator and Creative Destruction Lab.

Quantum Dynamics

Quantum Dynamics develops quantum simulation software for chemical reaction dynamics and molecular processes. The company provides computational tools for studying chemical reactions, reaction pathways, and molecular dynamics using quantum computing approaches. Quantum Dynamics’ software serves pharmaceutical and chemical companies developing new molecules and optimizing chemical processes. The platform combines quantum chemistry calculations with dynamics simulation to predict reaction outcomes and reaction rates. Based in Dublin, Quantum Dynamics collaborates with Irish research institutions and European pharmaceutical companies. The company focuses on applications where quantum simulation can provide more accurate predictions than classical methods. Quantum Dynamics offers both software tools and computational chemistry consulting services.

Quantum Foundry

Quantum Foundry develops quantum simulation software for physics research and materials discovery. The company provides quantum computing tools for simulating condensed matter systems, many-body quantum systems, and quantum materials. Quantum Foundry’s software enables physicists to study quantum phenomena that are computationally intractable with classical simulation. The platform supports research in superconductivity, topological materials, and quantum phase transitions. Based in Copenhagen, Quantum Foundry collaborates with Nordic universities and European physics research institutions. The company focuses on making quantum simulation accessible to experimental physicists and materials researchers. Quantum Foundry’s software integrates with existing physics simulation workflows and provides validated results against experimental data.

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.

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.

TuringQ

TuringQ is China’s first optical quantum computing company established in 2021 by Professor Jin Xianmin from Shanghai Jiaotong University, specializing in photonic quantum processors using lithium niobate on insulator (LNOI) photonic chips and femtosecond laser direct writing technology, with products including the TuringQ Gen 1 fully integrated optical quantum computer and FeynmanPAQS quantum simulation software, having completed 500 million yuan ($79 million) in funding and established China’s first photonic chip pilot line in Wuxi for applications in financial technology, biomedicine, and artificial intelligence.

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.