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== Locations ==
== Locations ==


1QBit is headquartered in [[Vancouver, British Columbia, Canada]].<ref>{{cite web|title=Contact Us|url=http://1qbit.com/contact-us/|website=1QBit Website|accessdate=25 May 2016}}</ref> In early 2014, 1QBit was invited to join the [[OneEleven]] data community located in Toronto, Ontario, Canada.<ref>{{cite web|title=1QBit @ OneEleven|url=http://www.oneeleven.com/#!/1qbit|website=OneEleven.com|accessdate=17 June 2014}}</ref> This second location serves as the data science and software production arm of the organization.
1QBit is headquartered in [[Vancouver, British Columbia, Canada]].<ref>{{cite web|title=Contact Us|url=http://1qbit.com/contact-us/|website=1QBit Website|accessdate=25 May 2016}}</ref> In early 2014, 1QBit was invited to join the OneEleven data community located in Toronto, Ontario, Canada.<ref>{{cite web|title=1QBit @ OneEleven|url=http://www.oneeleven.com/#!/1qbit|website=OneEleven.com|accessdate=17 June 2014}}</ref> This second location serves as the data science and software production arm of the organization.


== See also ==
== See also ==

Revision as of 20:41, 22 September 2017

1QB Information Technologies Inc.
Company typePrivately held company
IndustryComputer software
FoundedDecember 1, 2012 (2012-12-01)
Headquarters
Vancouver, British Columbia
,
Canada
Key people
Andrew Fursman, CEO
Landon Downs, President
Robyn Foerster, GM
David Roberts, Chair
Number of employees
approx. 50
Websitewww.1qbit.com

1QB Information Technologies, Inc. (1QBit) is a quantum computing software company, based in Vancouver, British Columbia. 1QBit was founded on December 1, 2012[1] and a longstanding partnership with D-Wave Systems was formally announced on June 9, 2014.[2] While 1QBit develops general purpose algorithms for quantum computing hardware, the organization is primarily focused on computational finance, the energy industry, and the life sciences.[3]

Technology description

1QBit's software reformulates optimization problems into the quadratic unconstrained binary optimization (QUBO) format necessary to compute with D-Wave's quantum annealing processors.[4]

History

1QBit was founded as the first dedicated quantum computing software company in 2012.[5] 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.[6] On August 5, 2015 the World Economic Forum announced 1QBit as a recipient of the 2015 Technology Pioneer Award[7] recognizing 1QBit as a leader among the world’s most promising technology companies.[8]

Locations

1QBit is headquartered in Vancouver, British Columbia, Canada.[9] In early 2014, 1QBit was invited to join the OneEleven data community located in Toronto, Ontario, Canada.[10] This second location serves as the data science and software production arm of the organization.

See also

References

  1. ^ "Founding of 1QBit". December 1, 2012.
  2. ^ "D-Wave Systems Building Quantum Application Ecosystem, Announces Partnerships with DNA-SEQ Alliance and 1QBit". June 9, 2014.
  3. ^ "Research Papers". 1QBit.com. Retrieved 16 June 2014.
  4. ^ Dion, Marco (November 4, 2013). "Europe Equity Research" (PDF). J.P. Morgan Equity Quant Conference 2013. 6: 12. Retrieved 16 June 2014.
  5. ^ "CNBC Exponential Finance". CNBC Online. CNBC. Retrieved 14 April 2016.
  6. ^ Marek, Lynne (May 5, 2014). "CME makes a new bet on the future". Crain's Chicago Business. Retrieved 16 June 2014.
  7. ^ "2015 Technology Pioneers". The World Economic Forum. Retrieved 16 August 2015.
  8. ^ SHAW, GILLIAN (August 5, 2015). "Vancouver company named among world's most promising tech pioneers". Vancouver Sun. Retrieved August 16, 2015.
  9. ^ "Contact Us". 1QBit Website. Retrieved 25 May 2016.
  10. ^ "1QBit @ OneEleven". OneEleven.com. Retrieved 17 June 2014.