1QBit logo — Building the Foundation for a Quantum Computing Future

1QBit

Building the Foundation for a Quantum Computing Future

Founded 2012 Canada Canada 54 employees Grant Total: $48.99M IT, Information Technology +1

General Information

Company Name 1QBit
Founded Year 2012
Location Canada Canada
Founders / Decision Makers
Team member
Employees 54
Industries IT, Information Technology, Quantum
Funding Stage Grant
Social

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About 1QBit

1QBit is a Canadian startup, founded in 2012, with a vision of "Building the Foundation for a Quantum Computing Future." Specializing in IT, Information Technology, and Quantum industries, the company collaborates with Fortune 500 clients and leading hardware providers to tackle intractable problems using quantum and classical processors. Their hardware-agnostic platform, backed by a recent $3.49M grant investment by Pacific Economic Development Canada on 30th May 2024, allows them to constantly improve results through evolving solvers and hardware architectures. 1QBit's innovative approach, employing a team of researchers, industry specialists, and software developers, enables them to identify problems in optimization, simulation, and machine learning that can benefit from quantum computing. The company's ability to adapt and improve applications alongside advances in both classical and quantum computing architectures positions them as a frontrunner in the quantum computing revolution.

Taxonomy: Quantum Computing, Finance, Optimization, Complexity, Health Sciences, Energy, Software Development, Industry Applications, Hardware-Agnostic Platform, Fortune 500 Clients, Classical Processors, Hardware Providers, Research and Development, Problem-solving

Services & Products

Quantum Intelligence
Computational Hardware Development
Artificial Intelligence Solutions

Target Customers

Enterprises Research Institutions Technology Companies

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Grant $3.49M 1
Pacific Economic Development Canada
30 May 2024
Series B $45.00M 8
CME Ventures, Fluxus Ventures +6
28 Nov 2017
Venture Round Undisclosed 1
Singularity University Ventures
01 Jan 2016
Series A $500.00K 1
KittyHawk
14 Jan 2015
Series A Undisclosed 2
Tiny Capital, CME Ventures
01 Sep 2014
Seed Round Undisclosed 1
Granpool Innovative Investments
26 May 2014

1QBit Alternatives & Competitors

1QBit vs
Classiq
Classiq Israel

Quantum computing software platform - compiler, IDE and OS

103 employees
IT, Information Technology
1QBit vs
Diraq
Diraq Australia

Diraq aims to redefine scalable quantum computing and bring practical commercial applications to the...

Series A
52 employees
Hardware, IT

FAQ About 1QBit

Building the Foundation for a Quantum Computing Future
1QBit was founded in 2012.
1QBit is headquartered in Canada.
1QBit operates in IT, Information Technology and Quantum. Its work centres on Quantum Computing, Finance, Optimization and Complexity. Its customers include Enterprises, Research Institutions and Technology Companies.
1QBit has approximately 54 employees.
1QBit has completed 6 funding rounds, raising a total of $48.99M. The latest funding stage is Grant.
1QBit offers: Quantum Intelligence, Computational Hardware Development, Artificial Intelligence Solutions.
Top alternatives and competitors to 1QBit include Classiq, Diraq. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
1QBit and Classiq are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for 1QBit, https://bouncewatch.com/company/1qbit, updated 24 March 2025. When citing, please name BounceWatch and link this page.

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