Earnings reports for quantum computing stocks wind up on Friday. Startup Classiq's new funding round includes AMD, Qualcomm, IonQ.

Classiq says that the latest extension of its Series C raise included contributions from AMD Ventures, Qualcomm Ventures and quantum computer maker IonQ Inc. They were joined by Mirae Asset Capital, LeumiTech77 and Quantum Eretz. The capital infusion boosts the round’s value to more than $200 million.

The United States government’s Defense Advanced Research Projects Agency (DARPA) has announced the 11 quantum computing companies selected to advance to Stage B of its Quantum Benchmarking Initiative (QBI).

Its stock is up 3% on the news, but the bigger win runs a lot deeper, as DARPA’s backing positions IonQ in the driver’s seat. From a speculative tech bet, the win is a rare blend of credibility, funding, and future promise that investors will now be watching closely.

Over the past decade, it has been interesting to watch companies push the rock that is quantum computing up the steep hill. As Yuval Boger, chief

Discover how quantum computers work, their impact across industries, and the future of quantum technology reshaping the world of computing.

PennyLane's unique position as the front end application layer and OS [operating system] for quantum computers, along with its widespread adoption, and ability to be used across every modality means that investing in PennyLane means investing in the entire quantum industry.

Irish quantum computing startup Equal1 has been selected by the European Space Agency (ESA) to install its Bell-1 Quantum Computer at ESA’s Φ-lab (pronounced ‘Phi-Lab’).

The selected companies will undergo evaluation to determine if their concepts for a viable quantum computer can be constructed and work as intended.