Meet the Cool Companies Racing to Develop Quantum Chips

Quantum computing is no longer just a futuristic dream – it’s becoming a reality! Companies are racing to develop commercial quantum computers that can solve problems beyond the capabilities of classical computers.

Akhetonics

Akhetonics, a German startup, is working on an all-optical, general-purpose chip, setting itself apart from others in the field.

Alice & Bob

French startup Alice & Bob is focused on building a “fault tolerant” quantum computer, using cat qubits to reduce errors and simplify error correction.

Amazon

Amazon recently joined the quantum chip race with Ocelot, their first quantum chip developed in partnership with the California Institute of Technology.

These are just a few of the innovative companies driving the quantum computing revolution. Stay tuned for more exciting developments in this fast-paced industry!
Intel is currently working on developing quantum computers using silicon spin qubits. In June 2023, they revealed Tunnel Falls, a 12-qubit research chip, with plans for a next-generation quantum chip based on Tunnel Falls to be released in 2024, although this release has not yet happened.

### IonQ
IonQ is a U.S. company that is publicly listed and focused on developing trapped-ion quantum computers like the IonQ Forte. After going public in late 2021 through a SPAC, IonQ acquired Canadian networking specialist Entangled Networks.

### IQM
IQM is a Finnish startup that is building superconducting quantum computers. It originated as a spinout of the Aalto University and VTT Technical Research Centre of Finland. With funding from the Business Finland government agency in its early days, IQM later received additional support from the EIC Accelerator program.

### Microsoft
In February 2025, Microsoft introduced Majorana, a quantum chip using a topological core architecture. Microsoft had previously announced its goal of building a quantum supercomputer within 10 years.
QuEra, backed by Google, recently secured a $230 million funding round with support from SoftBank, Valor, and existing investors.

Rigetti Computing, founded by Chad Rigetti in 2013, focuses on superconducting technology with products like Ankaa-3 and the upcoming 336-qubit Lyra system.

SEEQC, a U.S. quantum startup, announced a partnership with Nvidia to create a chip-to-chip link between quantum computers and GPUs. They recently raised $30 million in funding.

SpinQ, a Chinese startup established in 2018, is developing portable quantum computers utilizing nuclear magnetic resonance.

Xanadu, a Canadian startup, is working on building quantum computers using a photonic approach. Their latest system, Aurora, features 12 qubits and 35 photonic chips.

This article, originally published on April 28, 2025, will continue to be updated with the latest developments in the quantum computing industry.