Quantum Computing Inc.

Based in Virginia, Quantum Computing Inc (QCI) is a cloud-based software developer providing quantum-ready software applications for supply chain and retail, life sciences and pharmaceutical, and government and applied research. It aims to create solutions that can also be used by non-quantum experts. 

Qatalyst, the company’s flagship software solution, is reportedly the industry’s only quantum application accelerator. It enables subject matter experts (SMEs)—engaged in different industries who do not possess quantum knowledge, expertise, or training—to leverage quantum technology to solve practical industry problems. Qatalyst offers components including a quantum application programming interface (Q API) consisting of six API calls that can be learned in less than a day; Q Graph, a feature that enables the automatic transformation of graph models to optimization problems; and Qatalyst Core, an optimization solution. The company claims time-to-business results of Qatalyst is one week or less compared with software development kit (SDK) tools that take 7–12 months. The company attributes the disparity to reduced training time.  

In June 2022, Quantum Computing Inc. (QCI) closed its acquisition of New-Jersey-based quantum photonics company QPhoton for an undisclosed amount.

Key customers and partnerships

Founded in 2018, the company partnered with other quantum hardware and software companies and in April 2021 incorporated Qatalyst in Amazon Braket and Amazon Web Services (AWS). QCI is also a member of the Quantum Economic Development Consortium which also includes large players like IBM, Honeywell, and Intel. In June 2021, QCI entered into a three-year cooperative research and development agreement (CRADA) with Los Alamos National Laboratory (Los Alamos), a US Department of Energy (DOE) multidisciplinary research institution for quantum solutions for various applications including national security.

Funding and financials

The company has been listed on the over-the-counter (OTC) markets under the symbol “QUBT” since 2018 and uplisted to Nasdaq in July 2021 under the ticker symbol “QUBT.” The company has not generated revenue as of mid-2021, but it plans to implement a value-based pricing model that charges per-user licensing fees upon onboarding sufficient customers into Qatalyst.