Cambridge Quantum Expands Commercial Activity and Investment in Germany

Cambridge Quantum Expands Commercial Activity and Investment in Germany

Strong Focus on Advancing Research and Enterprise Applications of Quantum Computing

Cambridge Quantum, the global leader in quantum software, and a wholly owned subsidiary of Quantinuum, the world’s leading integrated quantum computing company, is pleased to announce the continuation of its expansion across Europe with the opening of its new office in Munich, Germany.

The creation and rapid expansion of the new company, CQ Deutschland (CQD), underlines Quantinuum’s commitment to the ambitious project of the German government in supporting and promoting quantum technologies and quantum computing.

Cambridge Quantum already has a scientific team in Munich that complements its existing work in ab-initio Quantum Chemistry with a model-based perspective from Condensed Matter Physics. The goal of the Condensed Matter Group in Munich is to develop algorithms and software that will be the driver of strongly correlated systems research and the commercialisation of quantum materials. Cambridge Quantum will continue to expand its collaboration with enterprise, government and academic partners in Germany on chemistry, optimisation, finance, cybersecurity, and quantum machine learning and natural language processing in order to grow the industry’s quantum computing ecosystem.

“The next milestone in quantum computation is delivering useful applications for the rapidly improving quantum hardware. Achieving this requires a combined effort in the fields of quantum software, quantum algorithms, and quantum hardware,” said Dr Henrik Dreyer, CQD’s Scientific Lead “The German quantum computing ecosystem is exceptionally well positioned in these areas. We look forward to joining the community, in which our team of expert scientists can continue to develop applications for quantum computing in collaboration with industry, government and academic partners.”

 

Daniel Hussein Vice President Sales & Business Development

Cambridge Quantum Expands Commercial Activity and Investment in Germany

Strong Focus on Advancing Research and Enterprise Applications of Quantum Computing

Cambridge Quantum, the global leader in quantum software, and a wholly owned subsidiary of Quantinuum, the world’s leading integrated quantum computing company, is pleased to announce the continuation of its expansion across Europe with the opening of its new office in Munich, Germany.

The creation and rapid expansion of the new company, CQ Deutschland (CQD), underlines Quantinuum’s commitment to the ambitious project of the German government in supporting and promoting quantum technologies and quantum computing.

Cambridge Quantum already has a scientific team in Munich that complements its existing work in ab-initio Quantum Chemistry with a model-based perspective from Condensed Matter Physics. The goal of the Condensed Matter Group in Munich is to develop algorithms and software that will be the driver of strongly correlated systems research and the commercialisation of quantum materials. Cambridge Quantum will continue to expand its collaboration with enterprise, government and academic partners in Germany on chemistry, optimisation, finance, cybersecurity, and quantum machine learning and natural language processing in order to grow the industry’s quantum computing ecosystem.

“The next milestone in quantum computation is delivering useful applications for the rapidly improving quantum hardware. Achieving this requires a combined effort in the fields of quantum software, quantum algorithms, and quantum hardware,” said Dr Henrik Dreyer, CQD’s Scientific Lead “The German quantum computing ecosystem is exceptionally well positioned in these areas. We look forward to joining the community, in which our team of expert scientists can continue to develop applications for quantum computing in collaboration with industry, government and academic partners.”

 

Quantinuum

Cambridge Quantum Expands Commercial Activity and Investment in Germany

Strong Focus on Advancing Research and Enterprise Applications of Quantum Computing

Cambridge Quantum, the global leader in quantum software, and a wholly owned subsidiary of Quantinuum, the world’s leading integrated quantum computing company, is pleased to announce the continuation of its expansion across Europe with the opening of its new office in Munich, Germany.

The creation and rapid expansion of the new company, CQ Deutschland (CQD), underlines Quantinuum’s commitment to the ambitious project of the German government in supporting and promoting quantum technologies and quantum computing.

Cambridge Quantum already has a scientific team in Munich that complements its existing work in ab-initio Quantum Chemistry with a model-based perspective from Condensed Matter Physics. The goal of the Condensed Matter Group in Munich is to develop algorithms and software that will be the driver of strongly correlated systems research and the commercialisation of quantum materials. Cambridge Quantum will continue to expand its collaboration with enterprise, government and academic partners in Germany on chemistry, optimisation, finance, cybersecurity, and quantum machine learning and natural language processing in order to grow the industry’s quantum computing ecosystem.

“The next milestone in quantum computation is delivering useful applications for the rapidly improving quantum hardware. Achieving this requires a combined effort in the fields of quantum software, quantum algorithms, and quantum hardware,” said Dr Henrik Dreyer, CQD’s Scientific Lead “The German quantum computing ecosystem is exceptionally well positioned in these areas. We look forward to joining the community, in which our team of expert scientists can continue to develop applications for quantum computing in collaboration with industry, government and academic partners.”

 

The Threat and Promise of Quantum Cybersecurity

Cambridge Quantum Expands Commercial Activity and Investment in Germany

Strong Focus on Advancing Research and Enterprise Applications of Quantum Computing

Cambridge Quantum, the global leader in quantum software, and a wholly owned subsidiary of Quantinuum, the world’s leading integrated quantum computing company, is pleased to announce the continuation of its expansion across Europe with the opening of its new office in Munich, Germany.

The creation and rapid expansion of the new company, CQ Deutschland (CQD), underlines Quantinuum’s commitment to the ambitious project of the German government in supporting and promoting quantum technologies and quantum computing.

Cambridge Quantum already has a scientific team in Munich that complements its existing work in ab-initio Quantum Chemistry with a model-based perspective from Condensed Matter Physics. The goal of the Condensed Matter Group in Munich is to develop algorithms and software that will be the driver of strongly correlated systems research and the commercialisation of quantum materials. Cambridge Quantum will continue to expand its collaboration with enterprise, government and academic partners in Germany on chemistry, optimisation, finance, cybersecurity, and quantum machine learning and natural language processing in order to grow the industry’s quantum computing ecosystem.

“The next milestone in quantum computation is delivering useful applications for the rapidly improving quantum hardware. Achieving this requires a combined effort in the fields of quantum software, quantum algorithms, and quantum hardware,” said Dr Henrik Dreyer, CQD’s Scientific Lead “The German quantum computing ecosystem is exceptionally well positioned in these areas. We look forward to joining the community, in which our team of expert scientists can continue to develop applications for quantum computing in collaboration with industry, government and academic partners.”

 

A new method to efficiently perform factoring would defeat modern encryption systems.
And Shor had just provided the theoretical method for doing it.

The Threat from Quantum Computing

Despite such advances, there are varying opinions on when Shor’s Algorithm may pose a serious threat to cybersecurity, with estimates ranging from five to 20 years. One factor suggesting a shorter timescale is the faster-than-Moore’s Law trajectory of current quantum hardware. Honeywell, for instance, believes it can increase the power of quantum computers by a factor of 10 every year for the next five years, yielding an increase in power of 100,000x by 2025.

Does this mean you should wait until “Q Day” to become concerned? Absolutely not: The need to protect infrastructure systems is more immediate than that, for three reasons.

First, it takes time to upgrade security software, and massive infrastructure that corporations or governments utilise can require months or even years to make this transition.

Second, there are rumors that adversarial governments and other bad-faith actors are archiving data now in anticipation of future decryption capabilities, known as a “harvest-now, decrypt-later” attack. This means, for example, that the encrypted files of a future jet fighter could be stolen now and later decrypted.

Third, Shor’s Algorithm is a proof that efficient decryption of RSA is realisable but is by no means the most efficient way to accomplish this; there have already been substantial improvements upon the original algorithm.

It is entirely possible that tomorrow a clever researcher could develop a vastly more efficient method of decryption, placing us that much closer to cybersecurity vulnerability. Thus, enterprises should consider making the transition as soon as possible.

Fortunately, intense effort is already underway to develop new cryptographic algorithms resistant to quantum hacking.

In 2016 the National Institute of Standards and Technology invited submissions for such “Post-Quantum Encryption (PQE).” Intense study followed as mathematicians, computer scientists and physicists did their utmost to defeat such submissions using quantum technology, both existing and theoretical. From the original 82 submissions, there are currently seven finalists. The winners are expected to be announced between 2022 and 2024. There will likely be a few algorithms selected, with a tradeoff between security and power consumption.

Protection Using Quantum Technologies

While it has become well-understood that quantum technologies can be used to attack communications, what is lesser known is how they can be used to protect communications. In particular, their role in an often overlooked yet fundamental aspect of cybersecurity: randomness.

Randomness is most often associated with cryptographic keys or passwords. An obvious property of such keys is that their method of generation should be non-deterministic. Any mathematical formula or pattern in such supposedly random generation would render its usefulness null.

The other essential aspect is its security. After its generation, there should not be any means for an adversary to gain knowledge of what this key is. Both these number generation and security issues are directly relevant to quantum computing.

Let us first consider number generation. While we all have an intuitive sense of what randomness means, have you ever considered how to generate a truly non-deterministic random number? Your first instinct may be to toss a die. But consider that the die obeys the laws of physics, which are completely understood and completely predictable. If you measured the speed and direction of your toss, the air pressure, the weight of the die and so forth, and then performed careful calculations to compute the trajectory, you would predict the outcome with 100% certainty. The fact that such modeling is possible means that this outcome is not at all random.

If we generalise this concept, we realise that any method using classical (non-quantum) physics is deterministic. This includes asking a classical computer to generate random numbers. While they can certainly generate pseudo random numbers, the computer merely follows a formula based on internal, obscure data (such as the number of milliseconds to have elapsed since the last restart) to calculate numbers that only superficially appear random. All of this could be modeled by a quantum-powered attacker.

The answer to producing true randomness lies in quantum physics. Quantum physics is based on superposition, the idea that a system can exist in multiple configurations simultaneously. Measuring the system then forces it to choose one of these configurations.

To produce the quantum equivalent of a coin toss, prepare a quantum state in a 50% “1” state and 50% “0” state, and then measure it. This will result in a “1” or a “0” outcome with equal probability. Performing this operation several times results in a string of 1s and 0s corresponding to a random key.

There are a number of commercially available quantum random number generators (QRNGs) that attempt to measure quantum processes like this. While such QRNGs may be entirely viable ways of producing random keys, there is a shortcoming related to their security. If an adversary were to tamper with the quantum states, or at least eavesdrop, how would one know? The output is simply 1s and 0s, and so it would be impossible to determine if this were secure or not.

This is not merely a hypothetical: “Quantum Hacker” Vadim Makarov demonstrated that he was able to influence the output of quantum tunneling by shining a flashlight on the photodetectors. A similar issue would occur if the performance of the QRNG degraded over time – something that is quite feasible in a complex device that relies on mirrors and lasers.

Are we then cursed to have this theoretically random-but-insecure means of producing cryptographic keys? Fortunately, quantum mechanics comes to the rescue once again.

Quantum physics is based on superposition, the idea that a system can exist in multiple configurations simultaneously. Measuring the system then forces it to choose one of these configurations.

Playing Dice with the Universe

Albert Einstein famously commented, “God does not play dice with the universe.” Apparently, He (or She) does, and in 1964 Irish physicist John Bell proved it.

Bell developed a mathematical method to distinguish quantum processes from classical ones. This was based on quantum entanglement, the idea that the quantum state of one particle can be correlated with another, even if physically separated. Entanglement is a purely quantum property with no classical counterpart.

By focusing on entanglement, Bell provided a precise means of identifying quantum (and therefore random) processes from classical (and therefore deterministic) processes. And since any tampering or eavesdropping would require classical means, Bell also provided a proof of the outcome’s security. There is no longer any trust in devices required, only fundamental physics.

New approaches to cryptographic key generation are being developed that build on this trustless entanglement technique. These approaches offer guarantees (and proof) that the keys are perfectly random in nature and haven’t been influenced by any attacker, quantum or otherwise. As we move toward a quantum future, technology like this will be critical to maintaining the security we enjoy today.

 

Quantum Cybersecurity
Duncan Jones
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Cambridge Quantum’s Technologies
John Bell

 

Cambridge Quantum and Honeywell Combine

Cambridge Quantum Expands Commercial Activity and Investment in Germany

Strong Focus on Advancing Research and Enterprise Applications of Quantum Computing

Honeywell Quantum Solutions, an investor and commercial partner with Cambridge Quantum since 2019, and Cambridge Quantum have combined, forming a new company that is extremely well-positioned to lead the quantum computing industry by offering both hardware and software solutions.

  • Cambridge Quantum, a global leader in quantum software and algorithms, today announced they have entered into a definitive agreement under which Cambridge Quantum will combine with Honeywell Quantum Solutions (HQS), a Honeywell business unit and maker of the highest performing quantum computer currently available. Honeywell has been an investor in and commercial partner with Cambridge Quantum since 2019.
  • The combination will form a new company that is extremely well-positioned to lead the quantum computing industry by offering advanced, fully integrated hardware and software solutions at an unprecedented pace, scale and level of performance to large high-growth markets worldwide.
  • The new company’s combined expertise will deliver solutions to customers globally as well as spur advances that will accelerate the adoption and impact of quantum technology worldwide.

“Joining together into an exciting newly combined enterprise, HQS and CQ will become a global powerhouse that will create and commercialize quantum solutions that address some of humanity’s greatest challenges, while driving the development of what will become a $1 trillion industry,” said Ilyas Khan, founder of CQ. “I am excited to lead a company that has the best people and technologies in the quantum computing industry and the best and boldest clients. Together we will lead the industry as it grows and matures, and create tangible, credible, provable and science-led advances.”

Honeywell’s Chairman and CEO Darius Adamczyk noted, “The new company will have the best talent in the industry, the world’s highest performing quantum computer, the first and most advanced quantum operating system, and comprehensive, hardware- agnostic software that will drive the future of the quantum computing industry. The new company will be extremely well positioned to create value in the near-term within the quantum computing industry by offering the critical global infrastructure needed to support the sector’s explosive growth.”

Adamczyk added, “Since we first announced Honeywell’s quantum business in 2018, we have heard from many investors who have been eager to invest directly in our leading technologies at the forefront of this exciting and dynamic industry – now, they will be able to do so. The new company will provide the best avenue for us to onboard new, diverse sources of capital at scale that will help drive rapid growth.”

“Since we first announced Honeywell’s quantum business in 2018, we have heard from many investors who have been eager to invest directly in our leading technologies at the forefront of this exciting and dynamic industry – now, they will be able to do so. The new company will provide the best avenue for us to onboard new, diverse sources of capital at scale that will help drive rapid growth.”

Dariuz Adamczyk

Founded in 2014, Cambridge Quantum has assembled the industry’s largest scientific team in quantum algorithms and software to achieve major advances in cybersecurity, finance, drug discovery, materials science, optimization, quantum machine learning, natural language processing and more. Cambridge Quantum will continue its presence and expand its software and algorithm development team in the UK, with offices in Cambridge, London and Oxford, and overseas in the USA (Washington), Germany and Japan. CQ will operate with no change to its globally recognized brand.

Honeywell began its quantum computer development program a decade ago and uses trapped-ion technology that uses charged atoms to hold quantum information. The Honeywell System Model H1 consistently achieves the highest quantum volume – a comprehensive performance measurement used widely by the industry – on a commercial quantum computer.

The new company, which will be formally named in due course, will have a long-term agreement with Honeywell to help manufacture the critical ion traps needed to power the quantum hardware. Honeywell will invest between US$270million to US$300 million in the new company.

 

 

ADDITIONAL DETAILS

Honeywell will be the majority shareholder of the new company, and CQ’s shareholders will own over 45% of the new company. The transaction has been unanimously approved by the Boards of Directors of both Cambridge Quantum and Honeywell. The deal is intended to close in Q3 this calendar year and is subject to the satisfaction of certain regulatory approvals, and other customary closing conditions.

Merrill Lynch International (“BofA Securities”) is acting as exclusive financial advisor to Cambridge Quantum, while Morrison & Foerster LLP is acting as its legal advisor. J.P. Morgan Securities LLC is acting as exclusive financial advisor to Honeywell, while Freshfields Bruckhaus Deringer LLP is acting as its legal advisor.

 

ABOUT HONEYWELL

Honeywell is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.