Seeqc Gains Over $11M in Funding to Introduce Fully Digital Quantum Computing

April 10, 2020

ELMSFORD, N.Y., April 10, 2020 — Seeqc announced funding of $5 Million from M Ventures, the strategic corporate venture capital arm of Merck KGaA, Darmstadt, Germany to develop commercially viable quantum computing systems for problem-specific applications.

The M Ventures funding follows a $6.8 million seed round from investors including BlueYard Capital, Cambium, NewLab and the Partnership Fund for New York City.

Seeqc is developing a new approach to making quantum computing useful, via fully Digital Quantum Computing. The solution combines classical and quantum computing to form an all-digital architecture through a system-on-a-chip design that utilizes 10-40 GHz superconductive classical co-processing to address the efficiency, stability and cost issues endemic to quantum computing systems. Seeqc recently spun out of HYPRES, Inc., the world’s leading developer of superconductor electronics, to pursue a vision of making quantum computing useful, commercially and at scale.

Through the spin-out, Seeqc acquired significant infrastructure and intellectual property from HYPRES. HYPRES had garnered over $100 million from public and private investments to develop a multi-layer commercial superconductor chip foundry and intellectual property. This investment was in support of creating commercial superconductive computing solutions, much of which is now part of Seeqc.

These assets give Seeqc the advantage of having sophisticated tools, facilities and IP for the design, testing and manufacturing of quantum-ready superconductor chips and wafers.

Merck KGaA, Darmstadt, Germany, will be a strategic partner for Seeqc supporting its research and development towards useful, application-specific quantum computers both as semiconductor materials solutions provider as well as an end user for high performance quantum computing.

The team of executives and scientists at Seeqc has deep expertise and experience in commercial superconductive computing solutions and quantum computing. The company’s executive leadership team consists of John Levy, co-CEO, chair, and co-founder; Oleg Mukhanov, PhD, co-CEO, CTO, and co-founder; and Matthew Hutchings, PhD, chief product officer, co-founder.

Seeqc enters the quantum computing market as the world leader in superconductive electronics and is one of the only companies to ever design, manufacture and deliver multi-layer superconductive digital chips operating at tens of GHz into complex cryogenic systems.

Quantum Computing is Approaching Its Next Phase

While major advancements have been made recently with early generation quantum computing systems, such systems and architectures are inherently unstable and unscalable. The industry continues to struggle with cost, readout and control challenges, excessive input/output connection count as well as the complexities of managing microwave pulses used to control and readout qubits.

Leading state-of-the-art qubits need to be kept at near absolute zero temperatures to function, so as solutions require hundreds, even thousands of qubits — and maybe even more — cost, control/readout, complexity and heat management greatly impact scale.

Seeqc’s digital classical-quantum hybrid approach mitigates many of these challenges:

  • Heat/power – Seeqc uses single-flux quantum (SFQ) digital patterns instead of microwave pulses.
  • Complexity, distance and stability – by stacking a classical chip over a qubit array and utilizing SFQ, Seeqc’s design simplifies and stabilizes the computing environment.
  • Speed/efficiency – Seeqc’s superconducting classical SFQ co-processors are working at tens of GHz, increasing speed and reducing latency in our system.
  • Fidelity – Digital readout and control at cryogenic temperatures can lead to higher fidelity.
  • Cost-effectiveness – Seeqc’s unique approach to quantum computing not only makes quantum computing useful but also more cost-effective. The company’s platform will deliver quantum computing at approximately 1/400 the cost than the current room-scale, error-prone systems in development.

“The ‘brute force’ or labware approach to quantum computing contemplates building machines with thousands or even millions of qubits requiring multiple analog cables and, in some cases, complex CMOS readout/control for each qubit, but that doesn’t scale effectively as the industry strives to deliver business-applicable solutions,” said John Levy, co-chief executive officer at Seeqc. “With Seeqc’s hybrid approach, we utilize the power of quantum computers in a digital system-on-a-chip environment, offering greater control, cost reduction and with a massive reduction in energy, introducing a more viable path to commercial scalability.”

“We believe that the best way to make quantum computing commercially viable is to ensure that early engagement with customers is ultra-focused and problem-specific, with the goal to solve previously insurmountable challenges with a targeted application specific hardware and software solution,” continued Levy. “A close partnership with customers, academic experts and application developers to work through the early use cases of quantum computing is critical to extracting its novel and potentially world-changing value.”

“We’re excited to be working with a world leading team and fab on one of the most pressing issues in modern quantum computing,” says Owen Lozman, Vice President at M Ventures. “We recognize that scaling the current generations of superconducting quantum computers beyond the noisy intermediate scale quantum era will require fundamental changes in qubit control and wiring. Building on deep expertise in single flux quantum technologies, Seeqc has a clear, and importantly cost-efficient, pathway towards addressing existing challenges and disrupting analog, microwave-controlled architectures.”

“As a leading science and technology company, it is one of our key missions to stay on top of emerging trends. In quantum computing, we see a huge potential to advance major parts of our existing business,” says John Langan, Chief Technology Officer, Performance Materials at Merck, KGaA, Darmstadt Germany. “We’re therefore excited to be embarking on a close partnership with Seeqc to develop the next generation of quantum machines. For one, our Semiconductor Solutions business unit will be working with Seeqc to develop and optimize semiconductor materials and processes utilized in the manufacturing of quantum technologies. In parallel, our Quantum Computing Task Force will support Seeqc in developing application-specific quantum co-processors to expedite the advent of industrially viable quantum computers that can be used by our Digital Organization and by our computational researcher across our three main business units.”

The company holds 36 patents and is comprised of 16 PhDs with senior leadership experience from HYPRES.

About Seeqc

Seeqc is developing the first fully digital quantum computing platform for global businesses. Seeqc combines classical and quantum technologies to address the efficiency, stability and cost issues endemic to quantum computing systems. The company applies classical and quantum technology through digital readout and control technology and a unique chip-scale architecture. Seeqc’s quantum system provides the energy- and cost-efficiency, speed and digital control required to make quantum computing useful and bring the first commercially-scalable, problem-specific quantum computing applications to market.

About M Ventures

M Ventures is the strategic, corporate venture capital arm of Merck KGaA, Darmstadt, Germany. Its mandate is to invest in innovative technologies and products with the potential to significantly impact the company’s core business areas. From its headquarters in Amsterdam and offices in the US and Israel, M Ventures invests globally in transformational ideas driven by great entrepreneurs. M Ventures takes an active role in its portfolio companies and teams up with entrepreneurs and coinvestors to translate innovation towards commercial success. For more information, visit www.m-ventures.com

About Merck KGaA, Darmstadt, Germany

Merck KGaA, Darmstadt, Germany, a leading science and technology company, operates across healthcare, life science and performance materials. Around 52,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From advancing gene editing technologies and discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2019, Merck KGaA, Darmstadt, Germany, generated sales of € 16.2 billion in 66 countries. The company holds the global rights to the name and trademark “Merck” internationally. The only exceptions are the United States and Canada, where the business sectors of Merck KGaA, Darmstadt, Germany operate as EMD Serono in healthcare, MilliporeSigma in life science, and EMD Performance Materials. Since its founding 1668, scientific exploration and responsible entrepreneurship have been key to the company’s technological and scientific advances. To this day, the founding family remains the majority owner of the publicly listed company.


Source: Seeqc 

Subscribe to HPCwire's Weekly Update!

Be the most informed person in the room! Stay ahead of the tech trends with industy updates delivered to you every week!

New Algorithm Overcomes Hurdle in Fusion Energy Simulation

January 15, 2022

The exascale era has brought with it a bevy of fusion energy simulation projects, aiming to stabilize the notoriously delicate—and so far, unmastered—clean energy source that would transform the world virtually overn Read more…

Summit Powers Novel Protein Function Prediction Work

January 13, 2022

There are hundreds of millions of sequenced proteins and counting—but only 170,000 have had their structures solved by researchers, bottlenecking our understanding of proteins and their functions across organisms’ ge Read more…

Q-Ctrl – Tackling Quantum Hardware’s Noise Problems with Software

January 13, 2022

Implementing effective error mitigation and correction is a critical next step in advancing quantum computing. While a lot of attention has been given to efforts to improve the underlying ‘noisy’ hardware, there's be Read more…

Nvidia Defends Arm Acquisition Deal: a ‘Once-in-a-Generation Opportunity’

January 13, 2022

GPU-maker Nvidia is continuing to try to keep its proposed acquisition of British chip IP vendor Arm Ltd. alive, despite continuing concerns from several governments around the world. In its latest action, Nvidia filed a 29-page response to the U.K. government to point out a list of potential benefits of the proposed $40 billion deal. Read more…

SDSC Supercomputers Helped Enable Safer School Reopenings

January 13, 2022

The omicron variant of Covid-19 is sending cases skyrocketing around the world. Still, many national and local governments are hesitant to disrupt society in major ways as they did in 2020, opting instead to leave school Read more…

AWS Solution Channel

shutterstock 377963800

New – Amazon EC2 Hpc6a Instance Optimized for High Performance Computing

High Performance Computing (HPC) allows scientists and engineers to solve complex, compute-intensive problems such as computational fluid dynamics (CFD), weather forecasting, and genomics. Read more…

Voyager AI Supercomputer Gives Investigators New Deep Learning Experimental Platform

January 13, 2022

As human-caused climate change warms the planet, creating drier conditions across the Western U.S., wildfire intensity has grown. California’s wildfires over the last few years have devastated land, families, and commu Read more…

Q-Ctrl – Tackling Quantum Hardware’s Noise Problems with Software

January 13, 2022

Implementing effective error mitigation and correction is a critical next step in advancing quantum computing. While a lot of attention has been given to effort Read more…

Nvidia Defends Arm Acquisition Deal: a ‘Once-in-a-Generation Opportunity’

January 13, 2022

GPU-maker Nvidia is continuing to try to keep its proposed acquisition of British chip IP vendor Arm Ltd. alive, despite continuing concerns from several governments around the world. In its latest action, Nvidia filed a 29-page response to the U.K. government to point out a list of potential benefits of the proposed $40 billion deal. Read more…

Nvidia Buys HPC Cluster Management Company Bright Computing

January 10, 2022

Graphics chip powerhouse Nvidia today announced that it has acquired HPC cluster management company Bright Computing for an undisclosed sum. Unlike Nvidia’s bid to purchase semiconductor IP company Arm, which has been stymied by regulatory challenges, the Bright deal is a straightforward acquisition that aims to expand... Read more…

SC21 Panel on Programming Models – Tackling Data Movement, DSLs, More

January 6, 2022

How will programming future systems differ from current practice? This is an ever-present question in computing. Yet it has, perhaps, never been more pressing g Read more…

Edge to Exascale: A Trend to Watch in 2022

January 5, 2022

Edge computing is an approach in which the data is processed and analyzed at the point of origin – the place where the data is generated. This is done to make data more accessible to end-point devices, or users, and to reduce the response time for data requests. HPC-class computing and networking technologies are critical to many edge use cases, and the intersection of HPC and ‘edge’ promises to be a hot topic in 2022. Read more…

Citing ‘Shortfalls,’ NOAA Targets Hundred-Fold HPC Increase Over Next Decade

January 5, 2022

From upgrading the Global Forecast System (GFS) to acquiring new supercomputers, the National Oceanic and Atmospheric Administration (NOAA) has been making big moves in the HPC sphere over the last few years—but now it’s setting the bar even higher. In a new report, NOAA’s Science Advisory Board (SAB) highlighted... Read more…

HPC Career Notes: January 2022 Edition

January 4, 2022

In this monthly feature, we’ll keep you up-to-date on the latest career developments for individuals in the high-performance computing community. Whether it Read more…

Climavision Targets Weather Forecasting Through HPC Cloud Bursts

January 4, 2022

If Climavision isn’t on your radar just yet, that’s understandable: the company launched from stealth just six months ago, emerging in June with a formidable $100 million in funding. Its promise: to roll out a combination of numerical weather prediction (NWP), AI, traditional weather observations, satellite data... Read more…

IonQ Is First Quantum Startup to Go Public; Will It be First to Deliver Profits?

November 3, 2021

On October 1 of this year, IonQ became the first pure-play quantum computing start-up to go public. At this writing, the stock (NYSE: IONQ) was around $15 and its market capitalization was roughly $2.89 billion. Co-founder and chief scientist Chris Monroe says it was fun to have a few of the company’s roughly 100 employees travel to New York to ring the opening bell of the New York Stock... Read more…

US Closes in on Exascale: Frontier Installation Is Underway

September 29, 2021

At the Advanced Scientific Computing Advisory Committee (ASCAC) meeting, held by Zoom this week (Sept. 29-30), it was revealed that the Frontier supercomputer is currently being installed at Oak Ridge National Laboratory in Oak Ridge, Tenn. The staff at the Oak Ridge Leadership... Read more…

AMD Launches Milan-X CPU with 3D V-Cache and Multichip Instinct MI200 GPU

November 8, 2021

At a virtual event this morning, AMD CEO Lisa Su unveiled the company’s latest and much-anticipated server products: the new Milan-X CPU, which leverages AMD’s new 3D V-Cache technology; and its new Instinct MI200 GPU, which provides up to 220 compute units across two Infinity Fabric-connected dies, delivering an astounding 47.9 peak double-precision teraflops. “We're in a high-performance computing megacycle, driven by the growing need to deploy additional compute performance... Read more…

Intel Reorgs HPC Group, Creates Two ‘Super Compute’ Groups

October 15, 2021

Following on changes made in June that moved Intel’s HPC unit out of the Data Platform Group and into the newly created Accelerated Computing Systems and Graphics (AXG) business unit, led by Raja Koduri, Intel is making further updates to the HPC group and announcing... Read more…

Nvidia Buys HPC Cluster Management Company Bright Computing

January 10, 2022

Graphics chip powerhouse Nvidia today announced that it has acquired HPC cluster management company Bright Computing for an undisclosed sum. Unlike Nvidia’s bid to purchase semiconductor IP company Arm, which has been stymied by regulatory challenges, the Bright deal is a straightforward acquisition that aims to expand... Read more…

D-Wave Embraces Gate-Based Quantum Computing; Charts Path Forward

October 21, 2021

Earlier this month D-Wave Systems, the quantum computing pioneer that has long championed quantum annealing-based quantum computing (and sometimes taken heat fo Read more…

Killer Instinct: AMD’s Multi-Chip MI200 GPU Readies for a Major Global Debut

October 21, 2021

AMD’s next-generation supercomputer GPU is on its way – and by all appearances, it’s about to make a name for itself. The AMD Radeon Instinct MI200 GPU (a successor to the MI100) will, over the next year, begin to power three massive systems on three continents: the United States’ exascale Frontier system; the European Union’s pre-exascale LUMI system; and Australia’s petascale Setonix system. Read more…

Three Chinese Exascale Systems Detailed at SC21: Two Operational and One Delayed

November 24, 2021

Details about two previously rumored Chinese exascale systems came to light during last week’s SC21 proceedings. Asked about these systems during the Top500 media briefing on Monday, Nov. 15, list author and co-founder Jack Dongarra indicated he was aware of some very impressive results, but withheld comment when asked directly if he had... Read more…

Leading Solution Providers

Contributors

The Latest MLPerf Inference Results: Nvidia GPUs Hold Sway but Here Come CPUs and Intel

September 22, 2021

The latest round of MLPerf inference benchmark (v 1.1) results was released today and Nvidia again dominated, sweeping the top spots in the closed (apples-to-ap Read more…

Lessons from LLVM: An SC21 Fireside Chat with Chris Lattner

December 27, 2021

Today, the LLVM compiler infrastructure world is essentially inescapable in HPC. But back in the 2000 timeframe, LLVM (low level virtual machine) was just getting its start as a new way of thinking about how to overcome shortcomings in the Java Virtual Machine. At the time, Chris Lattner was a graduate student of... Read more…

2021 Gordon Bell Prize Goes to Exascale-Powered Quantum Supremacy Challenge

November 18, 2021

Today at the hybrid virtual/in-person SC21 conference, the organizers announced the winners of the 2021 ACM Gordon Bell Prize: a team of Chinese researchers leveraging the new exascale Sunway system to simulate quantum circuits. The Gordon Bell Prize, which comes with an award of $10,000 courtesy of HPC pioneer Gordon Bell, is awarded annually... Read more…

Julia Update: Adoption Keeps Climbing; Is It a Python Challenger?

January 13, 2021

The rapid adoption of Julia, the open source, high level programing language with roots at MIT, shows no sign of slowing according to data from Julialang.org. I Read more…

Three Universities Team for NSF-Funded ‘ACES’ Reconfigurable Supercomputer Prototype

September 23, 2021

As Moore’s law slows, HPC developers are increasingly looking for speed gains in specialized code and specialized hardware – but this specialization, in turn, can make testing and deploying code trickier than ever. Now, researchers from Texas A&M University, the University of Illinois at Urbana... Read more…

Top500: No Exascale, Fugaku Still Reigns, Polaris Debuts at #12

November 15, 2021

No exascale for you* -- at least, not within the High-Performance Linpack (HPL) territory of the latest Top500 list, issued today from the 33rd annual Supercomputing Conference (SC21), held in-person in St. Louis, Mo., and virtually, from Nov. 14–19. "We were hoping to have the first exascale system on this list but that didn’t happen," said Top500 co-author... Read more…

TACC Unveils Lonestar6 Supercomputer

November 1, 2021

The Texas Advanced Computing Center (TACC) is unveiling its latest supercomputer: Lonestar6, a three peak petaflops Dell system aimed at supporting researchers Read more…

10nm, 7nm, 5nm…. Should the Chip Nanometer Metric Be Replaced?

June 1, 2020

The biggest cool factor in server chips is the nanometer. AMD beating Intel to a CPU built on a 7nm process node* – with 5nm and 3nm on the way – has been i Read more…

  • arrow
  • Click Here for More Headlines
  • arrow
HPCwire