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1QBit Closes $45 Million

1QBit Closes $45 Million

Credit: 1qbit.com

Artificial intelligence startup 1QBit acquired $45 million in Series B financing, led by Fujitsu-Siemens, with participation from Accenture Ventures, Allianz Digital Corporate Ventures, and CME Group.

According to the company, 1QBit is dedicated to building quantum and quantum-inspired software to solve the world’s most demanding computational challenges. Its hardware-agnostic platforms and services enable the development of applications which scale alongside advances in both classical and quantum processors.

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