Kipu Quantum joins the DLR QCI project BASIQ
KARLSRUHE, GERMANY, November 21, 2023 – Kipu Quantum GmbH, a German quantum software company focusing on developing application-dependent and hardware-specific quantum algorithms that are commercialized as enterprise solutions, joins DLR’s project “BASIQ: Battery materials simulation using quantum computers”, which is part of the DLR Quantum Computing Initiative (DLR QCI).
The project runs over a period of 3 years and is financed by the DLR QCI with funds from the German Federal Ministry for Economic Affairs and Climate Action. It is led by the DLR Institute of Engineering Thermodynamics. BASIQ’s goal is to develop battery material simulations on an atomistic level for gate-based quantum computers, considering the crucial material components of a battery cell. This requires the development of quantum algorithms for very different classes of materials, the part of the project involving Kipu Quantum’s technology.
Kipu Quantum’s algorithms rely on a one-of-a-kind digital and digital-analog compression technology requiring orders of magnitude less circuit depth to solve a given problem. This will solve industrially relevant problems at least a decade earlier than other approaches. Even on today’s hardware, Kipu Quantum holds several performance records in use cases such as protein folding, portfolio optimization, factorization, and logistics modeling, now supporting the BASIQ project with quantum mechanical simulations of materials and chemical processes.
“We are especially happy about this collaboration as it fully complies with our mission to bring our algorithms to industry-relevant use cases and proof our concept,“ said Prof. Enrique Solano, co-founder and Chief Visionary Officer at Kipu Quantum.
“With everything we do in our day-to-day work, we focus on solving real-world problems with the ultimate goal to create a leading edge for our customers,” said Dr. Daniel Volz, co-founder and CEO at Kipu Quantum. “Joining the DLR QCI project BASIQ significantly contributes to taking us further down this road.”
About DLR Quantum Computing Initiative
The DLR Quantum Computing Initiative (DLR QCI) is developing prototype quantum computers with a number of different architectures, quantum software & applications and the necessary enabling technologies. To that end the DLR involves industry, start-ups and other research institutions to jointly advance the work and establish a quantum computing ecosystem.
DLR has been provided with resources by the Federal Ministry for Economic Affairs and Climate Action (BMWK) for four years and awards contracts to companies on a large scale. DLR contributes its own expertise and capabilities to the research and development process and focuses on transfer to industry.
About Kipu Quantum GmbH
Kipu Quantum is a German company operating at the intersection of the quantum computer hardware and application software layers, with disruptive technological and algorithmic solutions for industries worldwide. Its algorithms rely on a one-of-a-kind digital and digital-analog compression technology requiring orders of magnitude less circuit depth to solve a given problem. Founded in 2021, Kipu Quantum’s technology has the potential to solve industry-relevant problems in the order of 1,000-5,000 physical qubits and is compatible with every leading quantum hardware. The company is currently testing its technology with customers in the pharmaceutical, chemical, logistics, artificial intelligence, and finance industries.
To learn more about Kipu Quantum, visit www.kipu-quantum.com