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’s hardware-agnostic platforms and services future proof it's partners by enabling their applications to continually improve alongside advancements in both classical and quantum processors.

1QBit partners with Fortune 500 clients and leading hardware providers to solve industry problems in the areas of optimization, simulation, and machine learning. It has a longstanding partnership with Microsoft, IBM, Fujitsu and D-Wave Systems.

 

1QBit’s team of researchers, industry specialists, and software developers understand the unique strengths of each type of quantum computing architecture and identify problems within industry that are well suited to benefit from these new approaches to processing.

 

 

  • Year founded: 2012
  • Funding Info: $35.1M in 3 funding rounds (Last funding type: Series B)
  • Yearly Revenue: $5M-$10M (2018)
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Vancouver
  • State: British Columbia
  • Country: Canada
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