BlueQubit and Quantum Art Receive BIRD Foundation Grant for Quantum Computing Innovation with a $2.2M Budget
13 August 2024
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.”
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.
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.
The source: Business Wire