1QBit is a quantum computing software company that develops general purpose algorithms for quantum computing hardware, the organization is primarily focused on computational finance, the energy industry, and the life sciences.
1QBit redefines intractable problems by reframing them to achieve superior results using the most effective quantum and classical processors built to date.
1QBit was founded in Dec 1, 2012 by Andrew Fursman and is based in Vancouver, British Columbia, Canada.
1QBit has a longstanding partnership with D-Wave Systems since June 9, 2014.
1QBit raised CA$45M in 1 round "Series B" funding from Fujitsu & 4 other investors on Nov 28, 2017.