Company profile: 1QBit
1.1 - Company Overview
Company description
- Provider of quantum computing software and solutions, including AI and optimization applications for complex industry problems; design of control systems and service architectures for advanced computing platforms; hardware designs addressing classical limitations; an evaluation quantum development kit with documentation and tutorials; neural error mitigation; and reinforcement learning for spin Hamiltonians.
Products and services
- Quantum Development Kit: An evaluation-grade test version that includes sample documentation and tutorials for quantum computing applications, supplying structured materials for evaluation and tutorial-driven exploration
- Neural Error Mitigation: A neural-network-based method that improves estimates of ground states and observables in quantum simulations by reducing the effects of noise on computed outcomes
- Reinforcement Learning for Spin Hamiltonians: An algorithmic approach applying reinforcement learning to optimize simulated annealing processes for finding ground states of spin Hamiltonians in complex models
Key contacts
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Financial details
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1.2 - Competitors and similar companies to 1QBit
Multiverse Computing
HQ: Spain
Website
- Description: Provider of quantum computing software using probabilistic/nondeterministic technology to solve complex real-world challenges, with tailored solutions for portfolio optimization, risk analysis, and market simulation across industries including banking. Products include Singularity for industrial AI and optimization, and CompactifAI for compressing large language models.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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Radical Semiconductor
HQ: United States
Website
- Description: Provider of analog cryptographic IDs and secure hardware/software to defend against quantum and physically invasive attacks, including LiteCard smartcard hardware wallet for cryptocurrency with tap-to-phone, secure login, and membership verification; RadicalOS for cryptographic hardware; Bookchin processing-in-memory test chip; and Radical Wallet mobile app for managing transactions and accessing decentralized apps.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Photonic
HQ: Canada
Website
- Description: Provider of quantum computing and networking technologies utilizing silicon spin qubits and a native telecom networking interface.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Rigetti Computing
HQ: United States
Website
- Description: Provider of full-stack quantum systems with superconducting qubits, offering Novera QPU for R&D (9-qubit with tunable couplers plus separate 5-qubit chip), Quantum Cloud Services for low-latency hybrid quantum-classical computing, Fab-1 quantum foundry and Quantum Foundry Services for manufacturing/testing quantum integrated circuits, and Quil, a quantum instruction language.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Scope Technologies
HQ: Canada
Website
- Description: Provider of AI analytical software and services, including GEM, a versatile AI-driven recognition system for creating custom neural networks for object detection and visual information systems; SaaS infrastructure to host neural networks with API access to inference; a retail object detection system for real-time inventory and customer interaction monitoring; and AI-powered ad and game personalization.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for 1QBit
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to 1QBit
2.2 - Growth funds investing in similar companies to 1QBit
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4 - Top valuation comps for 1QBit
4.2 - Public trading comparable groups for 1QBit
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