1QBit

1QBit (1QB Information Technologies) is a quantum computing software company that has created a hardware-agnostic platform for performing quantum computation, capable of integrating with both classical and quantum computers. The company provides an API endpoint that industry partners can integrate into their existing applications, reformulating optimization problems into formats such as quadratic unconstrained binary optimization (QUBO) necessary for computation with quantum annealing systems like D-Wave. 1QBit focuses on automated quantum design tools for utility-scale quantum computation, building software that helps bridge the gap between current quantum hardware limitations and practical business applications. The company has been invited to participate in DARPA QBI (Quantum Benchmarking Initiative) program, guiding quantum computing towards utility-scale compute with its collaborators. 1QBit partners with major technology and financial institutions including Fujitsu, Accenture, Royal Bank of Scotland, CME Group, and Allianz X, applying quantum-inspired optimization to problems in finance, logistics, machine learning, and materials science. The company hardware-agnostic approach means its software can run on various quantum computing architectures including gate-based, annealing, and classical simulators, providing flexibility as quantum hardware evolves. Founded in 2012 and headquartered in Vancouver, Canada, 1QBit has raised approximately $45 million in Series B funding from investors including Fujitsu, Accenture, CME Group, Allianz X, Digital Ventures, Handshake Ventures, Fluxus Ventures, SCB 10X, and Green Sands Equity.