Skip to main content

Deck.blue brings a TweetDeck experience to Bluesky users

With over 3 million users and plans to open up more broadly in the months ahead, Bluesky is still establishing itself as an alternative to Twitter/X. However, that hasn’t stopped the developer community from embracing the project and building tools to meet the needs of those fleeing the now Elon Musk-owned social network, formerly known […] © 2024 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/TBbEAPF
Post a Comment

Quantum Machines acquires QDevil to build out its full-stack quantum orchestration platform

Quantum Machines, the well-funded Israeli startup that specializes in building control systems for quantum computers, today announced that it has acquired QDevil, a well-known Danish company that specializes in building control hardware for quantum systems. The two companies did not disclose the financial details of the transaction and, according to Crunchbase, the company only raised about €1 million, mostly in the form of grants. But it has become a significant player in the market and counts many of the established quantum computing research institutes and commercial entities as its customers.

Quantum Machines founder and CEO Itamar Sivan told me he first met the QDevil team in person at the last in-person APS March meeting back in 2019 and the companies continued to talk over the course of the next few years. “At some point, we realized that it would be highly impactful to join forces, because their products are actually complementary to ours. And therefore, we can now provide a more comprehensive orchestration platform,” said Sivan. It’s one thing to build a quantum processing unit, after all (or buy one off the shelf), but it takes a lot of expertise to then turn that into a complete quantum computer.

Image Credits: Quantum Machines

One of QDevil’s main products is its QDAC, a “high-precision low-noise computer-controlled voltage generator,” as the company describes it. Qubits obviously hate nothing more than noise, so QDevil’s low-noise DAC makes it easier for operators to control their qubits. In addition, QDevil also offers a range of other electronics and specialized components for operating quantum processors. Combined with Quantum Machines’ Pulse Processing Units and software, this will allow the two companies to offer a full-stack solution for orchestrating quantum computers. Sivan also stressed that QDevil has done quite a bit of work on controlling quantum dots, which are an increasingly hot topic in the quantum computing world.

“QDevil is one of the premier providers of electronics for quantum computing,” said Dr. Jonatan Kutchinsky, CEO of QDevil. “We’re delighted to join up with Quantum Machines, a company whose mission and goals align so perfectly with our own. Together we will continue to further develop the quantum community in Denmark and deliver revolutionary technologies that will make it seamless for companies developing quantum computers to realize the potential of their QPUs.”

Sivan also noted that this acquisition brings a lot of new talent to Quantum Machines — and there is only a finite number of PhD physicists with a specialization in quantum mechanics on the market.

“It’s an amazing acquisition for us because it’s both the technology, the products, the customer base and the people,” Sivan said. “It’s really all of that. They have accomplished amazing achievements and I can firmly say now that [Quantum Machines] plus QDevil is selling to almost all the players in quantum computing globally — above 90% — including corporates, startups, national labs.”

Chances are, this isn’t Quantum Machines’ last acquisition. The company has now raised $73 million, so it has a bit of a war chest to acquire smaller companies and build out its platform. We’ll likely see the same play out across the market, given how many small, highly specialized companies there are right now, with a number of larger players trying to build full-stack platforms.

“I believe that yes, acquisitions are definitely going to be a strategy for Quantum Machines and, I believe, for other companies as well,” Sivan said. “Because as the value chain forms, I believe that you will see that eventually, there will be layers in the value chain that will be more or less significant.”



from TechCrunch https://ift.tt/jct2guP
Labels:

Comments

Post a Comment

Popular posts from this blog

Nimbus launches tiny EV prototype that’s like a motorbike with a roof

As shared e-scooter companies have infiltrated cities and e-bike sales have soared, micromobility has been offered up as a panacea to save us all from the ill humors and packed streets caused by gas-guzzling cars. However, one of the major roadblocks in front of well-intentioned city dwellers who’d love to trade in their cumbersome and environmentally unfriendly vehicles for an e-bike or scooter remains: What happens when it rains? Nimbus, a California-based electric vehicle startup, wants to solve that problem with a simple solution: Put a roof on it. The company recently came out of stealth with a prototype for its Nimbus One, a tiny, three-wheeled EV that “combines the convenience and cost of a motorbike with the safety and comfort of a car.” The Nimbus One. Image Credits: Nimbus The thin, pod-like vehicle is only about 2.75 feet wide and 7.5 feet long, which Nimbus says makes it three to five times smaller than a compact car — the better to park and navigate busy urban stree...
Post a Comment
Read more

Ivella is the latest fintech focused on couples banking, with a twist

Money can make people moody. There are layers of privilege, or lack thereof, that can make even the simplest conversation about bills feel like baggage to deal with. Translate that discomfort to relationships and it can feel like an awkward — and fragmented — dance on who pays which bill when (and how). Ivella , a Santa Monica-based startup, wants to build banking products for couples to take away some of these tensions. Led by CEO and co-founder Kahlil Lalji , the startup is launching with a split account product that just raised $3.5 million in funding from Anthemis, Financial Venture Studio and Soma Capital. Other investors include Y Combinator, DoNotPay CEO Joshua Browder and Gumroad CEO Sahil Lavingia. Lalji, who helped creators with digital content before jumping into the world of fintech, says that the startup was born out of his own frustration at the expectation that couples would just use Venmo unless they were married. The best solution, so far, has been joint accounts...
Post a Comment
Read more

Multifamily housing has missed the solar boom. PearlX wants to fix that with $70M Series B

If you’re a renter and you want solar power, you’re usually out of luck. For most, the only option is a community solar program, where people subscribe to utility-scale projects, but they’re not available everywhere. And given that most renters only stay for a few years, which of them are going to pay tens of thousands of dollars for solar panels — and what landlord would let them? That’s where PearlX comes in. “Think of us as like the Sunrun for renters,” said co-founder and CEO Michael Huerta, referring to the company that rents solar installations to single-family homeowners. “PearlX is a rental electrification platform.” Earlier this year, the startup began installing solar panels and backup batteries at multifamily rentals in Texas as part of its “TexFlex” project. PearlX’s next step, which Huerta shared exclusively with TechCrunch, will be a California expansion called “Flexifornia.” The startup is also rolling out a virtual power plant, which will allow the company to tap the...
Post a Comment
Read more