Cambridge Quantum Computing

Cambridge Quantum Computing (CQC) is an independent quantum computing company, based in Cambridge, England. Founded in 2014, CQC builds tools for the commercialization of quantum technologies with a focus on quantum software and quantum cybersecurity.[1][2] CQC has developed an architecture agnostic quantum software development platform, tket⟩, around which the company has built enterprise applications for quantum chemistry, quantum machine learning, quantum cryptography and quantum finance. [3][4]

Cambridge Quantum Computing
TypePrivately Held Company
IndustryQuantum Computing
Founded2014 (2014)
Headquarters
Cambridge
,
England
Key people
Ilyas Khan (CEO)
Niels Nielsen (Chairman)Bob Coecke (Chief scientist)
Products
  • IronBridge
  • Eumen
  • tket⟩
Number of employees
130 (2021)
SubsidiariesCambridge Quantum Computing, LLC
Websitecambridgequantum.com

History

CQC was established in 2014, and conceived through the University of Cambridge's “Accelerate Cambridge” program.[5] Béla Bollobás, Imre Leader, Fernando Brandão and Simone Severini were its first scientific advisors.

In September of 2020, CQC announced the launch of the first cloud-based Quantum Random Number Generation Service with integrated verification for the user. The application generates true maximal randomness on an IBM Quantum Computer.[6]

In December of 2020, CQC completed a $45 million financing from investors including Honeywell Ventures, IBM Ventures, JSR Corporation, Serendipity Capital, Alvarium Investments, and Talipot Holdings. This is the largest private investment ever announced for a quantum software company.[7]

In January of 2021, CQC appointed Prof Bob Coecke as its Chief Scientist, and opened an Oxford campus.[8]

Sifted, backed by The Financial Times, placed CQC on its list of European Startups to Watch in 2021.[9]

Technology

CQC has divisions dedicated to four core domains: quantum compiler (tket⟩), quantum chemistry (EUMEN), quantum machine learning and quantum cybersecurity.

Quantum Software Development Platform - tket⟩

tket⟩ is an architecture agnostic quantum software development platform that enables quantum software developers to optimize large circuits for general purpose quantum algorithms. tket⟩'s routing and scheduling protocol translates machine independent algorithms into executable circuits by optimizing for physical qubit layout while reducing the number of required operations.[10][11][12]

Quantum Chemistry - EUMEN

CQC has developed EUMEN, an enterprise-grade quantum chemistry platform to perform computational chemistry calculations on current quantum hardware machines. EUMEN enables the design of pharmaceuticals, speciality chemicals, performance materials and agrochemicals. [13][14][15]

Quantum Machine Learning

CQC has efforts in QML with a focus on quantum circuit learning on near-term noisy intermediate-scale quantum computers. The company has commercial work in deploying deep learning for time-series modeling and decision-making and specializes in quantum enhanced solutions for machine learning and optimization problems.[16][17][18]

Quantum Cybersecurity

CQC has launched the first cloud-based Quantum Random Number Generation (QRNG) Service with integrated verification for the user. The application developed by CQC generates true maximal randomness (or entropy) implemented on an IBM Quantum Computer that can be verified and thus certified as truly quantum – and therefore truly and maximally random – for the first time. This cannot be done on a classical computer.[19][20][21][22]

Quantum NLP

In 2020 for the first time CQC performed Quantum Natural Language Processing on IBM hardware.

Locations

CQC is headquartered in Cambridge, but has offices in London (Victoria and St. James's), Oxford, Cambridge, Chessington, San Francisco, Washington, D.C. and Tokyo.[23]

References
  1. Moutafis, Rhea (2020-11-24). "Will We See a Quantum Computing Revolution?". Built In. Retrieved 2021-01-18.
  2. Henderson, James (2020-10-06). "Flying the UK's Quantum Flag". Digital Bulletin. Retrieved 2021-01-18.
  3. Quested, Tony (2020-02-14). "Quantum leap as IBM invests in Cambridge trailblazer". Business Weekly. Retrieved 2021-01-18.
  4. Murphy, Margi (2020-10-29). "Tech Hot 100: The five key areas to watch (from a Silicon Valley perspective)". The Telegraph. Retrieved 2021-01-18.
  5. Swayne, Matt (2020-08-18). "TQD Exclusive: CQC CEO Ilyas Khan Says Research, a Deep Scientific Bench of World Class Talent, and Product Focus Drive Firm's Mission to 'Get the Very Best Out of Quantum Computers Today And in the Future"". The Quantum Daily. Retrieved 2021-01-18.
  6. Combs, Veronica (2020-09-17). "IBM and Cambridge Quantum Computing announce random number generator service". TechRepublic. Retrieved 2021-01-18.
  7. Swayne, Matt (2020-12-09). "Cambridge Quantum Computing Completes $45 Million Financing, Valuation Estimated at $450 Million". The Quantum Daily. Retrieved 2021-01-18.
  8. Wang, Una. "Cambridge Quantum Computing appoints new Chief Scientist: Prof. Bob Coecke. – Quantum Zeitgeist". quantumzeitgeist.com. Retrieved 2021-01-18.
  9. "European startups to watch in 2021 | Sifted". sifted.eu. Retrieved 2021-01-26.
  10. The Quant (2020-08-31). "The votes are in, t|ket takes the lead as the most popular language". Quantum Zeitgeist. Retrieved 2021-01-18.
  11. Swayne, Matt (2020-10-15). "Cambridge Quantum Computing Announces Update to t|ket⟩™ Quantum Software Development Kit". The Quantum Daily. Retrieved 2021-01-18.
  12. Long, Stephanie (2020-11-02). "Quantum computing startups are making waves". WRAL TechWire. Retrieved 2021-01-18.
  13. Mullin, Rick (2020-09-13). "Let's talk about quantum computing in drug discovery". C&EN. Retrieved 2021-01-18.
  14. Fowler, Gary (2021-01-11). "Which Industries Will Be Most Impacted By Quantum Computing?". Forbes. Retrieved 2021-01-18.
  15. "CQC and Q-CTRL Develop Extensions to IBM's Qiskit that Provide Further Improvements". www.quantumcomputingreport.com. Retrieved 2019-05-20.
  16. Palmer, Maija (2020-12-10). "Quantum computers will create better versions of Alexa and Siri". Sifted. Retrieved 2021-01-18.
  17. Kaur, Dashveenjit (2020-12-14). "Over chatbots already? Quantum computing could change that". TechHQ. Retrieved 2021-01-18.
  18. "CQC Releases Trading Interface TA> Under Open Source Licence". www.cambridgequantum.com. 2017-05-30. Retrieved 2019-05-20.
  19. Palmer, Maija (2020-09-17). "Finally a way to make money out of quantum: selling randomness". Sifted. Retrieved 2021-01-18.
  20. "Quantum computing: randomness as a service". www.ft.com. 2020-09-20. Retrieved 2021-01-18.
  21. McKenzie, James (2020-11-13). "Quantum technology: why the future is already on its way". Physics World. Retrieved 2021-01-18.
  22. Chowdhry, Amit (2020-09-20). "Cambridge Quantum Computing Launches Cloud-Based Quantum Random Number Generation". Pulse 2.0. Retrieved 2021-01-18.
  23. "Cambridge Quantum Computing - About Us". www.cambridgequantum.com. Retrieved 2019-05-20.
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