Press Releases
Kipu Quantum and Quantum South Announce Strategic Partnership
Karlsruhe, Germany / Montevideo, Uruguay – June 4th 2024
Kipu Quantum GmbH, a German quantum software company focusing on developing application- and hardware-specific quantum solutions for or a wide range of industries, and Quantum South, a quantum computing startup with solutions for logistics optimization, are pleased to announce a strategic partnership aimed at transforming industries across Latin America and other global markets. This alliance is set to leverage the unique strengths of each company to introduce groundbreaking quantum computing applications in telecommunications, banking and financial services, and logistics.
The collaboration between Kipu Quantum and Quantum South marks a pivotal step in harnessing the power of quantum computing to solve complex, real-world problems. The partnership will focus on developing and deploying advanced quantum solutions that promise to enhance efficiency, security, and profitability for businesses in critical industry sectors. These solutions include Kipu’s unique application- and hardware-specific quantum algorithms that are packaged into software products.
“Working with Quantum South gives us an exceptional opportunity to expand our reach and apply our cutting-edge quantum solutions to diverse industries in Latin America,” said Daniel Volz, CEO of Kipu Quantum. “Together, we are set to redefine what’s possible, driving quantum innovation forward.”
Martin Machin, Co-Founder of Quantum South, emphasized the potential of this partnership, “Quantum South is thrilled to partner with Kipu Quantum as we align our expertise and resources to pioneer the integration of quantum technologies in key industries. Our joint efforts will focus on creating scalable, impactful solutions tailored to the dynamic needs of markets in Latin America and beyond.”
“Our ambition is approaching quantum advantage for industry use cases now, within our NISQ era”, said Enrique Solano, Kipu Quantum’s Chief Visionary Officer. “ Kipu offers the highest compression and encoding of digital, analog, and digital-analog quantum solutions in all advanced quantum processors.”
The collaboration between Kipu Quantum and Quantum South represents a commitment to advancing the state of technology in critical industries, which will naturally resonate with stakeholders interested in the future of quantum computing and its applications.
About Kipu Quantum
Kipu Quantum is a German startup operating at the intersection of the quantum computer hardware and application software layers, with disruptive technological and algorithmic solutions for industries worldwide.
Founded in 2021, Kipu Quantum’s approach has the potential to solve industry-relevant problems in the order of 1,000-5,000 physical qubits due to novel algorithmic compression methods. Kipu’s technology is compatible with all leading quantum hardware technologies. The company is currently testing its technology with customers in the pharmaceutical, chemical, logistics, artificial intelligence, and finance industries.
Press : joanna.folberth@kipu-quantum.com
About Quantum South
Founded in 2019, Quantum-South works with complex optimization problems for air and maritime cargo leveraging quantum computing software. Quantum South was born in Universidad de Montevideo and is the first quantum start-up in Latin America. Quantum South aims to achieve better results than conventional solutions available today and help companies to improve revenues and reduce costs.
www.quantum-south.com
Contact: info@quantum-south.com
