In August, money flows! From a great piece by QCR: Between 2025 and 2029, the quantum computing landscape is set to undergo transformative growth with the emergence of early fault-tolerant quantum computers (FTQC) and advancements in Noisy Intermediate-Scale Quantum (NISQ) processors. FTQC machines, expected to feature around 100 logical qubits, will enable some useful applications but not intensive ones like Shor’s algorithm. Riverlane has secured $75 million in Series C funding to advance its quantum error correction (QEC) technology, aiming for one million error-free quantum operations by 2026 (THAT IS A LOT). This funding will support Riverlane's Deltaflow product, which integrates QEC chips, hardware, and software to significantly reduce system errors. Efforts to democratize access to quantum computing are also gaining momentum, with initiatives like Girls in Quantum and Qubit by Qubit introducing thousands of students to the field, though diversity remains a challenge. QuEra Computing's survey reveals that 51% of quantum professionals believe the technology is advancing faster than anticipated, with significant breakthroughs accelerating development. Terra Quantum has secured a competitive SBIR contract to explore a quantum-resistant network for the U.S. Department of the Air Force, integrating post-quantum cryptography and Quantum Key Distribution. LightSolver, an Israeli optical computing startup, has secured €12.5 million in funding from a EU Grant to advance its energy-efficient Laser Processing Unit. IonQ has secured a $5.7 million contract from the Department of Defense to design a networked quantum computing system, emphasizing the importance of quantum technology for national security. GQI has launched a Quantum Resource Estimator initiative to evaluate quantum computing use cases and algorithms.
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The Week in Quantum Computing - August 12th…
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In August, money flows! From a great piece by QCR: Between 2025 and 2029, the quantum computing landscape is set to undergo transformative growth with the emergence of early fault-tolerant quantum computers (FTQC) and advancements in Noisy Intermediate-Scale Quantum (NISQ) processors. FTQC machines, expected to feature around 100 logical qubits, will enable some useful applications but not intensive ones like Shor’s algorithm. Riverlane has secured $75 million in Series C funding to advance its quantum error correction (QEC) technology, aiming for one million error-free quantum operations by 2026 (THAT IS A LOT). This funding will support Riverlane's Deltaflow product, which integrates QEC chips, hardware, and software to significantly reduce system errors. Efforts to democratize access to quantum computing are also gaining momentum, with initiatives like Girls in Quantum and Qubit by Qubit introducing thousands of students to the field, though diversity remains a challenge. QuEra Computing's survey reveals that 51% of quantum professionals believe the technology is advancing faster than anticipated, with significant breakthroughs accelerating development. Terra Quantum has secured a competitive SBIR contract to explore a quantum-resistant network for the U.S. Department of the Air Force, integrating post-quantum cryptography and Quantum Key Distribution. LightSolver, an Israeli optical computing startup, has secured €12.5 million in funding from a EU Grant to advance its energy-efficient Laser Processing Unit. IonQ has secured a $5.7 million contract from the Department of Defense to design a networked quantum computing system, emphasizing the importance of quantum technology for national security. GQI has launched a Quantum Resource Estimator initiative to evaluate quantum computing use cases and algorithms.