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Friday, April 24, 2026

New Waterloo quantum startup gains fast momentum with $10.7 million in funding

A new startup spun out of research at the Institute for Quantum Computing (IQC) at the University of Waterloo is accelerating its push toward commercialization with $10.7 million in dilutive and non-dilutive funding and a public listing after launching just more than six months ago.

QuantumCorewas co-founded by Dr. Christopher Wilson, IQC faculty and Chief Technology Officer, and Eugene Profis, CEO. The company is developing an amplifier that boosts read-out signals produced by a superconducting quantum chip at near absolute zero temperatures and gets the signal into room temperature. This could solve one of the many hard engineering challenges in quantum computing.

“It’s a necessary product for quantum computing companies that are just a few years away from launching computers with thousands of qubits,” says Wilson, who is a professor in the Department of Electrical and Computer Engineering.

Thursday, April 30, 2026 1:00 pm - 3:00 pm EDT (GMT -04:00)

IEEE Solid-State Circuits Society K-W Section and UWaterloo Student Branch Chapter Distinguished Lectures

Lecture 1: Rethinking Chip Design in the Age of AI

Speaker: Professor Mehdi Saligane, ECE Department, Brown University, Rhode Island

Date: April 30, 2026

Time: 1:00pm to 2:00pm

Location: EIT 3142

Lecture 2: Research and Open-Source EDA Tools

Speaker: Tim Edwards, Open Circuit Design

Date: April 30, 2026

Time: 2:00pm to 3:00pm

Location: EIT 3142