The European Union's new Scaleup Europe Fund has made its first investment, leading a $160m round in UK-based Quantum Motion. The deal is the largest single funding round any European silicon-spin-qubit company has secured to date and the first major late-stage commitment of the EU vehicle that has been in design at the European Investment Fund for the better part of two years.
QTUM packages roughly 84 companies across the quantum and machine-learning supply chain, from chip equipment makers to defense contractors to early-stage hardware specialists, using a modified equal-weight method that caps single-name risk.
Cisco's Universal Quantum Switch addresses the challenge of connecting quantum systems by routing quantum information while preserving it, a significant advancement in quantum networking.
Ramana Kompella explained that traditional routing methods such as TCP/IP are not suitable for quantum networks because they rely on classical physics. Quantum networks utilize entanglement, where endpoints are connected using entangled photon pairs, allowing for instantaneous information transfer once entanglement is established.
Guy Zyskind emphasized that the whitepaper reframes the conversation around quantum threats, stating that the traditional 10-year migration window now seems dangerously optimistic given Google's findings.
