Today’s Brief Commentary:
This major quantum financial news this last week was Infleqtion raising $100 million in its Series C funding round. Congratulations to CEO Matt Kinsella and my friends and former colleagues at the company!
Speaking of investments, I’ve been heads-down recently updating the Sutor Group Intelligence and Advisory Quantum Processing Unit (QPU) Market Landscape that I first published in April. The next version will feature a no-charge Abridged Edition, similar to what you saw two months ago, and a significantly extended purchasable Premium Edition with additional data and charts.
In particular, the Premium Edition includes cross-references between companies and their investors. This information can be challenging to obtain and verify from public data, although some of it is available from services like PitchBook and Crunchbase, which I did not use. However, for companies that do have profiles there, I provide links.
Currently, I am tracking 84 QPU companies and their 354 investors.
At the same time I make the updated QPU report available, I will also release Abridged and Premium editions of our Quantum Computing Software Market Landscape. I’m tracking 109 companies across 24 countries with 18 types of software with 445 investors. I expect all these numbers to increase before publication.
Don’t forget to check out and bookmark our new sortable list of upcoming quantum technology conferences.
The latest Sutor Group report is freely available online: Quantum Processing Unit (QPU) Market Landscape (Abridged) – April 3, 2025. Updates and the full report are available for purchase or by subscription. Contact us for details.
Contents
General News, Articles, and Analyses
How NIST Helped Start an Industry: Our Role in Jump-Starting Quantum Information Science | NIST
Author: Ben P. Stein
Date: Wednesday, May 28, 2025
Excerpt: While quantum technology may seem like a new field, it’s been around for a while and has a fascinating history — much of which involved NIST’s experts
Education and Workforce
Qiskit Global Summer School 2025: The Past, Present, and Future of Quantum Computing | IBM
https://www.ibm.com/quantum/blog/qiskit-summer-school-2025?linkId=14672581
Authors: Marina Caputo; Junye Huang; Marcel Pfaffhauser; Sanskriti Deva; and Robert Davis
Date: Wednesday, May 28, 2025
Excerpt: We are thrilled to announce that registration is now open for Qiskit Global Summer School 2025: The Past, Present, and Future of Quantum Computing. In honor of the International Year of Quantum Science and Technology, the 2025 summer school program will invite participants to explore the evolution of quantum technologies — from foundational concepts to recent breakthroughs — and will also offer a glimpse at the fast-approaching future of fault-tolerant quantum computing. Whether you’re just starting your quantum journey or are already a seasoned Qiskit user, there’s something in this year’s program for everyone.
Earnings Announcements and Financial Dealings
Do Quantum Stocks Still Feel the Sting of Nvidia Chief’s Comments
https://www.hpcwire.com/2025/05/29/do-quantum-stocks-still-feel-the-sting-of-nvidia-chiefs-comments/
Author: John Russell
Date: Thursday, May 29, 2025
Commentary: I am quoted. This NOT financial advice.
Excerpt: What lasting damage did Nvidia CEO Jensen Huang’s negative comments about quantum computing in January do to quantum stocks and the quantum industry?
Infleqtion Raises $100M to Scale Atom-Based Quantum Solutions for National Security and Next Generation Intelligent Systems | infleqtion
Date: Monday, June 2, 2025
Excerpt: Infleqtion, the only company actively commercializing atom-based quantum systems across computing, sensing, and precision timing, announced a $100 million Series C funding round backed by new, existing, and strategic investors, including Glynn Capital, Counterpoint Global (Morgan Stanley), S32, SAIC and others. Having generated almost $30 million in revenue last year and backed by a customer pipeline topping $200 million, Infleqtion will use this investment to scale its atom-based quantum platforms and accelerate deployment of field-ready quantum systems that address today’s most demanding real-world challenges.
Podcasts, Videocasts, and Online Seminars
Quantum Marketplace®: PICs for Quantum Computing and Sensing | QED-C
https://quantumconsortium.org/event/quantum-marketplace-pics-for-quantum-computing-and-sensing/
Date: Tuesday, June 10, 2025
Excerpt: Photonic Integrated Circuits (PICs) are transforming both quantum technologies and classical photonics, enabling compact, saleable, and high-performance optical systems. This panel will explore how PICs are driving advancements in quantum computing, communication and sensing while also revolutionizing traditional photonics applications. Experts from industry will discuss key breakthroughs, challenges, and real-world applications of integrated photonics in emerging technologies.
Post-Quantum Cryptography and Security
Post-Quantum Cryptography Migration Roadmap | Post-Quantum Cryptography Coalition (PQCC)
https://pqcc.org/post-quantum-cryptography-migration-roadmap/
Date: Friday, May 16, 2025
Excerpt: The PQCC is proud to announce the publication of the Post-Quantum Cryptography (PQC) Migration Roadmap, a comprehensive and tailorable guide designed to assist organizations of any size in navigating the complexities of PQC migration. This roadmap outlines a strategic framework across four critical categories — (1) Preparation, (2) Baseline Understanding, (3) Planning and Execution, and (4) Monitoring and Evaluation — equipping organizations with actionable tools and methodologies to safeguard their data against emerging quantum threats. With detailed activities, desired outcomes, and references to industry standards, this roadmap empowers organizations to align stakeholders, prioritize assets, implement solutions, and continuously monitor progress to ensure a secure transition to quantum-safe cryptography. As the quantum computing landscape evolves, this roadmap serves as an essential resource for maintaining robust security postures and adapting to technological advancements.
Outshift | Unlocking the power of true randomness with Outshift’s Quantum Random Number Generator
Authors: Reza Nejabati and Jiapeng Zhao
Date: Wednesday, May 28, 2025
Commentary: This is now a very busy commercial area. By my count, the following companies have offerings: Alea Quantum Technologies, BTQ Technologies, Cisco, ComScire, Crypta Labs, Cystel, Kets Quantum Security Ltd, QNu Labs, QRATE, Qrypt, Quantinuum, Quantropi, Quantum Computing Inc, Quantum Dice, Quantum eMotion, QuantumCTek, QuDoor, QuintessenceLabs, Quside, Random Power, S-Fifteen Instruments, Taqbit Labs, Terra Quantum AG, and Toshiba.
Excerpt: Outshift’s QRNG is built on quantum hardware developed by Cisco Research. Cisco’s quantum hardware turns the unpredictable nature of quantum mechanics into a reliable source of true randomness by tapping into quantum vacuum noise, the random energy fluctuations that exist even in “empty” space. We’ve developed an authentic QRNG source that directly generates randomness from quantum phenomena, eliminating the need to connect your solution through API calls to external QRNG providers. We’ve combined the power of quantum mechanics with cutting-edge technology to redefine how true randomness is generated.
Quantum Computing
Qubit breakthrough could make it easier to build quantum computers | New Scientist
Author: Karmela Padavic-Callaghan
Date: Wednesday, May 28, 2025
Excerpt: Similar qubit designs have been built before, but the new one is the first with “multimode encoding”. This means that the researchers used several of the photon’s properties at once to store information – an encoding method that makes that data more resilient to common quantum computer errors.
Nord Quantique claims error-correcting quantum physics breakthrough | Network World
Author: Maria Korolov
Date: Thursday, May 29, 2025
Commentary: I’m quoted.
Excerpt: Nord Quantique has announced what it calls a breakthrough in quantum physics that will make quantum error correction a bit better. Errors are the top obstacle today preventing the industry from having usable quantum computers, since the individual qubits are prone to mistakes and degradation.
Sutor Group Intelligence and Advisory
Dr. Bob Sutor is the CEO and Founder of Sutor Group Intelligence and Advisory. Sutor Group provides broad market insights and deep technical expertise based on over four decades of experience with startups and large corporations. It advises Deep Tech startups, companies, and investors on quantum technologies, AI, and other emerging tech fields.
Sutor Group shares its knowledge and analysis through direct client engagements and seminars, reports, newsletters, books, written and on-air media appearances, and speaking and panel moderation at the top conferences and client events.
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