New Waterloo quantum startup gains fast momentum with $10.7 million in funding
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Institute for Quantum Computing research spin-off QuantumCore is developing hardware components for quantum computers By Naomi GrosmanA 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. on Waterloo News