Website: [1qbit.com](https://1qbit.com) ### Introduction 1QBit, founded on December 1, 2012, by Andrew Fursman and a team of researchers, is a pioneering quantum computing software company headquartered in Vancouver, British Columbia, Canada. The company focuses on developing software solutions for quantum computing hardware, targeting applications in computational finance, materials science, quantum chemistry, and life sciences. While exact employee counts are not publicly available in the most recent data, 1QBit has established itself as one of the first dedicated quantum computing software firms, emphasizing hardware-agnostic platforms and advanced algorithms. Its mission is to bridge the gap between quantum hardware and practical industry applications by providing tools and platforms that optimize complex computational challenges. 1QBit operates as a private company with no public ticker symbol, maintaining a focus on strategic partnerships and investments rather than public market exposure. Over the years, it has cultivated a reputation for innovation in quantum software, positioning itself at the forefront of a rapidly evolving field with significant potential to transform industries reliant on high-performance computing. ### Key Products and Technology 1QBit specializes in quantum computing software rather than hardware, focusing on algorithms and platforms that leverage quantum capabilities for optimization and simulation. Below are details of its key offerings based on available information: - **1Qloud Platform (Quantum Optimization Software)** - **Type**: Cloud-based quantum processing platform focused on optimization. - **Technical Specifications**: Designed to reformulate optimization problems into quadratic unconstrained binary optimization (QUBO) format, compatible with quantum annealing processors and similar devices. Specific performance metrics like processing speed or capacity are not publicly detailed. - **Energy Source**: Not applicable as it is a software platform; reliant on underlying hardware from partners like D-Wave or Fujitsu. - **Key Differentiators**: Hardware-agnostic approach allows compatibility with multiple quantum and classical systems; focuses on industry-specific optimization challenges. - **Development Stage**: Operational and commercially available, with ongoing enhancements. - **Target Customers**: Industries such as finance, materials science, pharmaceuticals, and logistics seeking optimization solutions. - **General Purpose Algorithms (Quantum Software Solutions)** - **Type**: Software algorithms for universal quantum computing and advanced AI techniques. - **Technical Specifications**: Specific details on computational efficiency or supported qubit counts are not widely disclosed in public sources. - **Energy Source**: Not applicable; software-based. - **Key Differentiators**: Emphasis on cross-industry applications including quantum chemistry and life sciences; designed to work with diverse quantum hardware. - **Development Stage**: Operational with continuous research and development. - **Target Customers**: Research institutions, technology firms, and industries requiring complex simulations. Information on newer products or updates beyond 2017-2022 is limited in public sources, indicating a potential gap in recent product announcements or detailed technical disclosures [1qbit.com](https://1qbit.com). ### Regulatory and Licensing Status As a software-focused quantum computing company, 1QBit is not subject to the same regulatory frameworks as nuclear or energy infrastructure firms (e.g., NRC oversight). Instead, its regulatory considerations primarily revolve around data privacy, intellectual property, and compliance with international standards for software and cloud services. There are no specific regulatory milestones or licensing statuses reported for 1QBit in the quantum computing domain, as the field is still nascent and lacks standardized regulatory bodies akin to those in nuclear energy. Given the absence of hardware manufacturing or deployment, there are no timelines for commercial deployment in a physical sense. However, the company’s software solutions are already in use through partnerships and commercial contracts, suggesting that regulatory barriers are minimal compared to physical infrastructure projects. Updates on compliance with emerging quantum technology standards or cybersecurity regulations are not publicly detailed in the latest available data. ### Team and Leadership Limited current information is available on 1QBit’s leadership team beyond historical data. Below are key figures based on founding and early-stage information: - **Andrew Fursman (Co-Founder and CEO)**: A key figure in establishing 1QBit, Fursman has a background in technology and innovation, driving the company’s vision to apply quantum computing to real-world problems. Specific recent activities or bios are not widely updated in public sources. - Other executive team members or recent changes in leadership are not detailed in the latest accessible information, as company profiles on platforms like Crunchbase and PitchBook do not provide current specifics [Crunchbase](https://www.crunchbase.com/organization/1qbit). X handles or other social media links for leadership are not verified or publicly available in the searched data, so they are omitted. ### Funding and Financial Position 1QBit has raised significant funding to support its quantum software development. Key financial details include: - **Total Funding**: Approximately $45 million as of the latest reported Series B round in November 2017. - **Latest Round**: Series B, announced on November 28, 2017, raising $45 million with lead investors including Fujitsu, Accenture, and Allianz [1QBit News](https://1qbit.com/news/1qbit-raises-45m-series-b-round/). - **Key Investors**: Strategic backers include Fujitsu, Accenture, Allianz, and earlier seed investors from 2013 whose identities are not fully disclosed in recent data. - **Revenue Status**: Pre-revenue or early revenue stage based on historical data; specific current revenue figures or contracts are not publicly updated beyond 2017 announcements. As a private company, market cap and stock performance data are not applicable. Recent financial updates or additional funding rounds post-2017 are not widely reported in accessible sources, indicating a potential gap in current financial transparency [PitchBook](https://pitchbook.com/profiles/company/112586-59). ### Recent News and Developments | Date | Event | Details | |---------------|------------------------------------|---------------------------------------------------------------------------------------------| | Dec, 2025 | No Specific Event Reported | No recent news specific to 1QBit found in current year; general quantum computing advances noted on platforms like X. | | Aug, 2025 | General Quantum Breakthroughs | Posts on X highlight quantum computing progress, though not directly tied to 1QBit [X Sentiment]. | | Jun, 2025 | Industry Updates | Quantum computing developments mentioned by various sources on X, no direct 1QBit mention [X Sentiment]. | | Nov 28, 2017 | Series B Funding Round | Raised $45 million from Fujitsu, Accenture, and Allianz to advance quantum software applications [1QBit News](https://1qbit.com/news/1qbit-raises-45m-series-b-round/). | | Dec 1, 2012 | Company Founding | 1QBit established as one of the first dedicated quantum computing software companies [Wikipedia](https://en.wikipedia.org/wiki/1QBit). | Note: Recent news specific to 1QBit in 2025 is limited or unavailable in public sources and X posts. The table includes placeholders for general industry trends to reflect the current landscape, but direct updates on 1QBit are outdated. ### Partnerships and Collaborations 1QBit has established several strategic partnerships, primarily with hardware providers and industry leaders, to integrate its software with quantum computing systems. Key collaborations include: - **Microsoft**: Partnership to develop quantum solutions, focusing on integrating 1QBit’s software with Microsoft’s quantum hardware initiatives. Strategic value lies in expanding software compatibility and market reach. - **[[IBM]]**: Hardware partnership to ensure 1QBit’s algorithms work with [[IBM]]’s quantum systems, enhancing the applicability of its software in diverse quantum environments. - **Fujitsu**: Investor and partner in hardware integration, particularly with quantum annealing and digital annealer technologies. This collaboration supports 1QBit’s optimization platform (1Qloud) and includes funding from Fujitsu’s Series B investment. - **D-Wave Systems**: Collaboration to leverage D-Wave’s quantum annealing processors for 1QBit’s QUBO-based optimization solutions, critical for industry-specific applications. Recent partnership updates or new collaborations beyond historical data (circa 2017-2022) are not widely reported in accessible sources [Wikipedia](https://en.wikipedia.org/wiki/1QBit). ### New Hampshire Relevance 1QBit’s relevance to [[New Hampshire]] is indirect, as its focus is on quantum computing software rather than physical energy infrastructure like nuclear reactors or grid-scale power systems. Assessing its potential fit for the state involves the following considerations: - **Proximity to Infrastructure**: New Hampshire hosts [[Seabrook Station]] and is part of the ISO-NE grid, but 1QBit’s software does not directly interact with physical energy infrastructure. Its relevance could be in optimizing grid operations or data center efficiency through quantum algorithms. - **Technology Readiness**: 1QBit’s software is already operational, making it deployable for NH-based industries or data centers seeking computational optimization. However, quantum hardware availability in the region could be a limiting factor. - **Alignment with [[Legislation]]**: NH legislative initiatives like HB 710 focus on SMRs and energy infrastructure, not directly applicable to quantum computing. However, broader state goals for innovation and technology adoption could align with 1QBit’s offerings. - **Potential Applications**: Applications in NH could include optimizing power grid operations for ISO-NE, supporting data center efficiency (a growing sector in the Northeast), or aiding industrial processes with complex computational needs. - **NH Connections**: There are no known specific connections or expressed interest from 1QBit in New Hampshire or the Northeast US based on available data. 1QBit’s technology could indirectly support NH’s energy and compute infrastructure through partnerships with local data centers or utilities, though direct deployment seems unlikely without regional quantum hardware presence. ### Competitive Position 1QBit operates in a niche but growing quantum computing software market. Compared to competitors, it holds a unique position as one of the earliest dedicated software firms in this space: - **D-Wave Systems**: While D-Wave focuses on quantum annealing hardware, 1QBit complements it with software solutions. 1QBit’s advantage is its hardware-agnostic approach, though it risks dependency on hardware providers’ progress. - **Rigetti Computing**: Rigetti offers both hardware and software, providing an integrated solution unlike 1QBit’s software-only focus. 1QBit’s flexibility across platforms is a strength, but it lacks control over hardware development. - **IBM Quantum**: IBM’s quantum division provides robust hardware and software ecosystems, posing a competitive challenge to 1QBit. However, 1QBit’s specialized optimization focus and partnerships with multiple hardware providers offer a differentiated niche. Risks for 1QBit include the slow adoption of quantum hardware and potential obsolescence if competitors develop superior integrated solutions. Its early-mover status and strategic partnerships remain key advantages. ### Closing Note 1QBit remains a trailblazer in quantum computing software, with a strong foundation in optimization and industry applications, though its trajectory depends on broader quantum hardware advancements and updated public disclosures. **RSS_FEED**: none (Note: No official RSS feed for 1QBit press releases or news was found on their website or through search efforts.) *Report generated December 24, 2025*