As we look back on 2024, one thing is clear: the quantum computing technology is closer than ever. While GenAI continues to revolutionize the way we interact with technology, quantum computing is becoming a game-changing reality that’s already around the corner. The latest industry milestones, including latest Google’s breakthrough announcement, have awakened excitement and underscored a critical message - the quantum computing is here, and now is the time to act.
At Kipu Quantum, we’ve embraced this momentum, turning possibilities into real-world solutions.
Advancements in Quantum Algorithms
We published a record number of research papers in 2024, providing concrete evidence that we are moving the needle toward Quantum Advantage—arguably the most critical inflection point for our industry. These publications underscore our leadership in advancing quantum algorithms and hardware-specific solutions.
We performed a record-breaking optimization using IBM's 156-qubit quantum hardware.
This result showcased the scalability of our algorithms and reaffirmed our leadership in hardware-specific quantum computing advancements.
We have demonstrated the capability to tackle combinatorial optimization problems by leveraging Higher-Order Unconstrained Binary Optimization (HUBO) mapping. HUBO expands objective functions to represent more practical and complex problems, including mixed-integer programming, low auto-correlation binary sequences (LABS), and nested scheduling tasks. This approach unlocks a wide range of industry applications, spanning logistics, manufacturing, transportation, telecommunications, finance, and protein folding. By enabling complex optimization tasks on current quantum hardware, this advancement marks a pivotal step toward achieving commercial quantum advantage.
Our advances in combinatorial optimization through HUBO mapping could be particularly impactful for protein folding. While the 2024 Nobel Prize in Chemistry recognized computational protein design, its progress remains limited by reliance on existing data. Quantum computing could overcome this barrier by generating realistic protein structures, enhancing AI models, and reducing dependency on experimental datasets—paving the way for faster biomedical breakthroughs.
Expanding Our Platform and Customer Base
A standout milestone this year was our acquisition and integration of PlanQK, Europe’s leading quantum computing software platform. Today, more than 600 users rely on PlanQK daily to explore quantum services. PlanQK It’s a game-changer for scaling our products and expanding our customer reach.
Speaking of customers, our customer engagements reached new heights, culminating in a record revenue year. We have seen customers return, eager for deeper collaborations and more of our team’s expertise—a clear testament to the value we’re creating together.
Looking Ahead to 2025
As we move toward 2025, I am confident that we are approaching a pivotal moment when quantum computers will solve industrially relevant problems at scale. This shift will unlock unprecedented value for major industry players and redefine what’s possible in computing.
2024 proved that quantum computing is no longer a distant aspiration—it’s a rapidly unfolding reality.
At Kipu Quantum, we’re all-in on making this future happen now.
In recognition of this transformative potential, the United Nations has officially declared 2025 as the International Year of Quantum Science and Technology.
The UN’s declaration underscores the essential role quantum technology will play in addressing global challenges. It also serves as a call to action for governments, industry leaders, and researchers to invest in and accelerate quantum innovation.
As the International Year of Quantum Science and Technology looms, let’s stay focused—not just hyping this tech, but making it count. The time to invest, innovate, and implement is now.
Chief Executive Officer and Co-FounderDaniel Volz
