Kipu Quantum signs research collaboration deal with PASQAL to optimize quantum algorithms

Kipu Quantum GMBH announced a two-year research and development agreement with PASQAL, a leader in neutral atoms quantum computing, to optimize quantum algorithmic function and expedite quantum benefits for enterprise.
Kipu Quantum is focused on developing hardware-specific algorithms for specific use cases and building enterprise solutions. The company created the first-of-its-kind algorithmic compression technology that reduces the length of quantum algorithms.
Kipu’s algorithms are more suitable for near-term quantum computing hardware, especially those incorporating analog approaches, including PASQAL’s current quantum computers.

PASQAL’s technology was built upon the Nobel Prize-winning research of company co- founder Alain Aspect. In January 2023, PASQAL announced a €100 million Series B funding round. PASQAL is on track to deliver a 1,000 qubit quantum computer, which it believes will deliver major commercial advantages over classical computers, by 2024.
The company’s customers include BMW, BASF, Johnson & Johnson, Siemens, Airbus, LG Electronics and Thales among many others.
In their collaboration, PASQAL and Kipu will work to bring this compression technology to PASQAL’s quantum hardware and work conjointly from the hardware level to the algorithmic level to develop highly competitive quantum computing performance that will transform tomorrow’s aspirations into today’s expectations.
“We are very excited to bring together Kipu Quantum’s expertise in quantum algorithms with PASQAL’s impressive hardware capabilities,” said Prof. Enrique Solano, co-founder, and Chief Visionary Officer at Kipu. “The work developed between both teams will be a huge step forward in commercializing both Kipu’s and PASQAL’s technology.”

“Current quantum computers cannot outperform classical computers because the capabilities of hardware do not match the requirements from algorithms,” said Dr. Daniel Volz, co-founder, and CEO at Kipu.
“Our unique technology allows us to solve much bigger problems than competing algorithm approaches on the same hardware,” he said. “It then becomes possible for our industrial customers to use much smaller quantum processors to solve their relevant problems thus reducing the wait time to useful quantum computing by several years.”
PASQAL CEO Georges Reymond said, “This partnership with Kipu Quantum is another step towards delivering tangible quantum computing benefits for our customers and partners. Kipu Quantum’s specialization in analog-based algorithms will help us explore the capabilities of our hardware and push the boundaries of near-term quantum advantage.”
To learn more about PASQAL, visit www.pasqal.com.

About PASQAL

PASQAL builds quantum computers from ordered neutral atoms in 2D and 3D arrays to bring a practical quantum advantage to its customers and address real-world problems. PASQAL was founded in 2019, out of the Institut d’Optique, by Georges-Olivier Reymond, Christophe Jurczak, Professor Dr. Alain Aspect, Nobel Prize Laureate Physics, 2022, Dr. Antoine Browaeys, and Dr. Thierry Lahaye. PASQAL has secured more than €140 million in financing to date.

About Kipu Quantum

About Kipu Quantum
Kipu Quantum is a world-class German company dedicated to advancing application- and hardware-specific quantum computing solutions across diverse industries. Since its founding in 2021, Kipu Quantum has consistently delivered groundbreaking innovations, achieving runtime quantum advantage and pioneering first quantum products. These advancements underscore the company's commitment to addressing industry-relevant challenges through innovative algorithmic technology.
The company offers its solutions as quantum software on its PLANQK platform, which enables frictionless access for more than 220 organizations to integrate quantum solutions into their existing processes. Kipu Quantum is also the pioneer in the core merging of artificial intelligence with quantum computing. Kipu Quantum designs and builds smart agents along quantum workflows involving hardware and software, giving rise to the novel field called Agentic Quantum Computing.