1QBit
 | |
| Company type | Privately held company |
|---|---|
| Industry | Computer software |
| Founded | December 1, 2012 |
| Headquarters | Vancouver, British Columbia , Canada |
Key people | Andrew Fursman, CEO Landon Downs, President Robyn Foerster, GM David Roberts, Chair |
Number of employees | approx. 50 |
| Website | www |
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
- ^ "Founding of 1QBit". December 1, 2012.
- ^ "D-Wave Systems Building Quantum Application Ecosystem, Announces Partnerships with DNA-SEQ Alliance and 1QBit". June 9, 2014.
- ^ "Research Papers". 1QBit.com. Retrieved 16 June 2014.
- ^ Dion, Marco (November 4, 2013). "Europe Equity Research" (PDF). J.P. Morgan Equity Quant Conference 2013. 6: 12. Retrieved 16 June 2014.
- ^ "CNBC Exponential Finance". CNBC Online. CNBC. Retrieved 14 April 2016.
- ^ Marek, Lynne (May 5, 2014). "CME makes a new bet on the future". Crain's Chicago Business. Retrieved 16 June 2014.
- ^ "2015 Technology Pioneers". The World Economic Forum. Retrieved 16 August 2015.
- ^ SHAW, GILLIAN (August 5, 2015). "Vancouver company named among world's most promising tech pioneers". Vancouver Sun. Retrieved August 16, 2015.
- ^ "Contact Us". 1QBit Website. Retrieved 25 May 2016.
- ^ "1QBit @ OneEleven". OneEleven.com. Retrieved 17 June 2014.