BlueQubit and Quantum Art Receive BIRD Foundation Grant for Quantum Computing Innovation with a $2.2M Budget
12 Agosto 2024 - 10:06AM
Business Wire
BlueQubit Inc. and Quantum Art Ltd. have been awarded a grant
from the Israel-U.S. Binational Industrial Research and Development
(BIRD) Foundation to develop and optimize quantum machine learning
algorithms and quantum processor configuration methods.
The project is one of six approved by the BIRD Foundation, with
a budget of $2.2 million over two years for quantum computing
innovation.
BlueQubit, a California-based quantum computing company
specializing in quantum software simulations, and Quantum Art, an
Israeli company developing scalable quantum computers based on
trapped ion qubits, aim to create innovative algorithms and
optimize quantum processor configurations, potentially accelerating
advancements in finance, pharmaceuticals, image analysis, and
security.
Hrant Gharibyan, CEO of BlueQubit, commented: “This
collaboration, supported by the BIRD Foundation, offers a unique
opportunity to advance quantum machine learning through the synergy
of software and hardware co-design. By aligning our quantum
algorithms with Quantum Art's scalable hardware, we can address key
challenges and make quantum technology accessible to enterprise
users.”
Tal David, CEO of Quantum Art, added: “The biggest challenges in
quantum computing today are scaling up the technology and
optimizing quantum algorithms for wide commercial viability. This
BIRD project tackles both in a focused and synergetic program. The
combination of BlueQubit’s quantum machine learning algorithms,
tailored for Quantum Art’s innovative architecture, drives us
towards Quantum Advantage.”
This U.S.-Israeli partnership exemplifies the BIRD Foundation's
mission to foster collaboration between companies driving
technological innovation and economic growth, aligning with the
growing global interest in this transformative technology.
About BlueQubit
BlueQubit Inc. is a leader in managed quantum computing
simulations. BlueQubit offers a Quantum Software as a Service
(QSaaS) platform, enabling enterprise, defense, and academic
customers to implement gate-based quantum algorithms on any
hardware. BlueQubit provides access to the latest QPUs and
emulators, including NVIDIA GPU Emulators and QPUs from IBM, QuEra,
and Quantinuum. www.bluequbit.io
About Quantum Art
Quantum Art Ltd. develops highly parallelized reconfigurable
multi-core quantum computers for leading organizations in industry,
government, and academia. This approach to scale-up enables
handling high computational complexity problems with modest quantum
resources, shortening the path to Quantum Advantage.
www.quantum-art.tech
About the BIRD Foundation
The BIRD Foundation funds and facilitates cooperation between
U.S. and Israeli companies across a wide range of technology
sectors. The Foundation supports projects without taking any equity
or intellectual property rights. BIRD funding is repaid through
royalties from sales of products that were commercialized with BIRD
support.
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version on businesswire.com: https://www.businesswire.com/news/home/20240810693073/en/
Hrant Gharibyan media@bluequbit.io