New Waterloo quantum startup gains fast momentum with $10.7 million in funding
Institute for Quantum Computing research spin-off QuantumCore is developing hardware components for quantum computers
By Naomi Grosman
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.
QuantumCore was 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.”
- Dr. Christopher Wilson, IQC faculty and Professor, Department of Electrical and Computer Engineering
(L-R clockwise) QuantumCore team: Saleem Huda, Christopher Wilson, Farzad Yazdani, Mohammad Soltani, Eugene Profis, Dmytro Dubyna, Jayke Boghean.
QuantumCore is developing an amplifier that boosts read-out signals produced by a superconducting quantum chip.
Dr. Christopher Wilson explains how read out signals from superconducting qubits need to be extracted from near absolute zero into room temperature.
