BlueQubit and Quantum Art Receive BIRD Foundation Grant for Quantum Computing Innovation with a $2.2M Budget
Los Angeles, CA and Ness Ziona, Israel – August 12, 2024 – BlueQubit Inc. (Los Angeles, CA) and Quantum Art Ltd. (Ness Ziona, Israel) 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 only six approved by the BIRD Foundation's Board of Governors during their recent meeting in Washington D.C. With a budget of $2.2 million and a two-year timeline, this initiative stands out as a significant investment in quantum innovation and collaboration.
BlueQubit, a California-based quantum computing company specializing in quantum software simulations, will collaborate with Quantum Art, an Israeli company developing scalable quantum computers based on trapped ion qubits, to advance the field of quantum machine learning. Their joint effort aims to create innovative algorithms and optimize quantum processor configurations, potentially accelerating advancements in various industries including finance, pharma, image analysis, and security, that will be revolutionized by quantum computing capabilities.
Hrant Gharibyan, CEO of BlueQubit, commented on the grant: “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 some of the key challenges in the field and make quantum technology useful and accessible to Enterprise users.”
Tal David, CEO of Quantum Art, added: "Perhaps the biggest challenges in quantum computing today are in scaling up the technology and making the most of quantum algorithms for applications for wide commercial viability. This BIRD project tackles both challenges in a focused and synergetic program. The combination of BlueQubit’s unique quantum machine learning algorithms, tailored for maximum performance of Quantum Art’s innovative scale-up architecture, is a force multiplier, to drive both companies towards Quantum Advantage.
This U.S.-Israeli partnership exemplifies the BIRD Foundation's mission to foster collaboration between companies from both countries, driving technological innovation and economic growth. The project's focus on quantum computing aligns with the growing global interest in this transformative technology.
About BlueQubit Inc.
BlueQubit Inc., based in Los Angeles, California, is a leader in managed quantum computing simulations. The company offers a Quantum Software as a Service (QSaaS) platform, enabling enterprise, defense, and academic customers to implement gate-based quantum algorithms on their hardware of choice. Trusted by industry leaders, BlueQubit provides access to the latest QPUs and emulators, including NVIDIA GPU Emulators and QPUs from IBM, QuEra, and Quantinuum. Their solutions include Quantum Monte Carlo for risk analysis, Quantum AI for image processing and drug discovery. BlueQubit’s platform supports easy integration with CPU, GPU, and QPU, offering flexible pricing plans to accommodate various needs. For more information, visit www.bluequbit.io
About Quantum Art
Quantum Art Ltd., based in Israel, develops highly parallelized reconfigurable multi-core quantum computers for leading organizations in industry, government and academia. The realization of large-scale quantum processing units of multiple cores operating in parallel is enabled by employing sophisticated quantum logic gates which save orders of magnitude in operation time with less errors, and a reconfigurable architecture providing massive entanglement distribution and qubit connectivity. The signature features of Quantum Art’s approach to scale-up enable the handling of high computational complexity problems, with more modest quantum resources required, thus shortening the path to Quantum Advantage. For more information, visit www.quantum-art.tech
About the BIRD Foundation
The BIRD (Binational Industrial Research and Development) Foundation encourages and facilitates cooperation between U.S. and Israeli companies across a wide range of technology sectors, offering funding to selected projects. The Foundation supports projects without taking any equity or intellectual property rights from the participating companies or the projects themselves. BIRD funding is repaid through royalties from sales of products that were commercialized because of BIRD support. The Foundation provides funding of up to 50% of a project's budget, covering activities from R&D to the initial stages of sales and marketing. The Foundation shares the risk and does not require repayment if the project does not reach the sales stage.
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