Cambridge Quantum, a leading global quantum computing company, announced today that IBM has become a strategic investor in the company. The investment comes after years of collaboration between Cambridge Quantum and IBM’s quantum computing team.
“At Cambridge Quantum, we are committed to using world class research to develop the best quantum computing products in the world,” said Cambridge Quantum CEO Ilyas Khan. “We are excited to have IBM as an investor in our company.”
“Cambridge Quantum was one of the first startups to join the IBM Q Network in 2018. Today’s investment furthers the collaborative efforts to advance quantum computing and exploring practical applications for business and science,” said Anthony Annunziata, IBM Q Network Global Lead, IBM Research.
The investment in Cambridge Quantum comes amid a flurry of major developments for Cambridge Quantum over the past 24 months, and most recently announcing the opening of a Tokyo office.
ABOUT IBM QUANTUM
IBM Quantum is an industry-first initiative to build commercial universal quantum systems for business and science applications.