About 1QBit
1QBit is a company based in Vancouver (Canada) founded in 2012.. 1QBit has raised $45 million across 4 funding rounds from investors including CME Group, Accenture and Fujitsu. 1QBit offers products and services including Automated Quantum Design Tools. 1QBit operates in a competitive market with competitors including Kipu Quantum, QC Ware, Strangeworks, Cambridge Quantum Computing and QunaSys, among others.
- Headquarter Vancouver, Canada
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name 1Qb Information Technologies Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
CME Group
& 6 more
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Employee Count
Employee Count
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Products & Services of 1QBit
1QBit offers a comprehensive portfolio of products and services, including Automated Quantum Design Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tools for designing utility-scale quantum computations and solving intractable problems.
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Funding Insights of 1QBit
1QBit has successfully raised a total of $45M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Debt – Conventional - 1QBit | Valuation |
investors |
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| Nov, 2017 | Amount | Series B - 1QBit | Valuation | Fujitsu | |
| Jun, 2014 | Amount | Series A - 1QBit | Valuation | CME Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 1QBit
1QBit has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include CME Group, Accenture and Fujitsu. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Blockchain-based payment solutions are offered to banks and businesses.
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Founded Year | Domain | Location | |
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Startups are funded via venture capital by Allianz-backed Allianz X.
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Founded Year | Domain | Location | |
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Technology, consulting, and infrastructure services are delivered for business transformation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 1QBit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 1QBit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
1Qbit Comparisons
Competitors of 1QBit
1QBit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kipu Quantum, QC Ware, Strangeworks, Cambridge Quantum Computing and QunaSys, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Quantum computing software solutions for optimization problems are provided.
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| domain | founded_year | HQ Location |
A cloud-based quantum computing platform is provided by QC Ware.
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| domain | founded_year | HQ Location |
Quantum computing software solutions are developed and provided to users.
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| domain | founded_year | HQ Location |
AI-based software for quantum computing is provided.
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| domain | founded_year | HQ Location |
Quantum computing research and development are pursued through various initiatives.
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| domain | founded_year | HQ Location |
Provider of quantum computing solutions for businesses in industries such as finance, life sciences, and logistics
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 1QBit
When was 1QBit founded?
1QBit was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is 1QBit located?
1QBit is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is 1QBit a funded company?
1QBit is a funded company, having raised a total of $45M across 4 funding rounds to date.
What does 1QBit do?
1QBit was founded in 2012 in Vancouver, Canada, as a quantum computing software company. A hardware-agnostic platform is offered, integrable with classical and quantum computers, through an API endpoint for industry partners applications. Optimization problems are reformulated into QUBO format via partnership with D-Wave Systems for annealing processors. Focus is placed on sectors including computational finance, energy, and life sciences.
Who are the top competitors of 1QBit?
1QBit's top competitors include Kipu Quantum, Kvantify and Strangeworks.
What products or services does 1QBit offer?
1QBit offers Automated Quantum Design Tools.
Who are 1QBit's investors?
1QBit has 7 investors. Key investors include CME Group, Accenture, Fujitsu, Mitacs, and Digital Ventures.
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