InfinityQ Technology

Canada-based InfinityQ Technology is a quantum hardware startup entirely led by women and uses a computational approach called quantum analog computing. This involves using analog circuits instead of actual atoms or molecules, which are very sensitive to the external environment, disturbances, and noise, to unlock certain quantum computing capabilities. The company believes that this approach eliminates the requirement for error correction and reduces the level of energy consumed to as low as a household light bulb. 

The company is currently focused on solving optimization problems using quantum computing with the aim of serving various industries, including finance (for portfolio optimization and arbitrage), the pharmaceutical sector (for molecular dynamics, drug side effects, and protein docking software), logistics, engineering, energy, and chemistry. 

In April 2021, InfinityQ introduced its analog-quantum computer InfinityQube. The company says that it is compact, energy-efficient, and operates at room temperature, relying on established chip technologies. The company demonstrated the capabilities of the device by solving the Traveling Salesperson Problem (TSP), which expects to optimize the travel distance across a number of cities. The InfinityQube was able to solve the problem for 128 cities, while other non-classical machines have solved only a maximum of 22 cities. The company’s hardware technology is available via the cloud on an invitation-only basis.

Funding and financials

In February 2022, the company raised an undisclosed amount in a seed extension round initially announced in April 2021. The funds were earmarked to support the development of its next-gen chip technology, which is said to be 100x computationally faster than its predecessor and consumes energy at ultra-low levels.