Startup Of The Week: 1QBit – The Innovator news

The company, which was named a World Eocnomic Forum Technology Pioneer in 2018, is working with customers in the health chemicals, material science and financial services industries. It raised $45 million in funding in November of last year and counts Fujitsu, Accenture and Allianz among its strategic investors. Quantum computing promises to allow computers to run thousands of times faster, enabling new applications that deliver things like more sophisticated molecular simulations for drug development, models of trafic patterns for optimizing transportation or richer artificial intelligence. However, major limitations must still be overcome. Computer scientists are still struggling to build a quantum computer with more than a handful of qubits.