ST. GALLEN, Switzerland and MUNICH, Nov. 13, 2023 — Terra Quantum, a leading quantum technology company, today announced it is collaborating with NVIDIA to enhance the world of data analytics powered by hybrid quantum computing, with the goal of empowering businesses to achieve unparalleled performance and insights. Jointly, Terra Quantum and NVIDIA will establish a technical collaboration accelerating integration of hybrid quantum through GPUs.

Terra Quantum develops applications powered by hybrid quantum algorithms, which combine the best of classical and quantum software. These applications can run on the state-of-the-art accelerated computing infrastructure from NVIDIA, delivering business performance, and will become even more performant with native quantum hardware in the future.

NVIDIA’s infrastructure platform and GPUs help enable these applications to redefine the boundaries of what is possible in the realm of data analytics. Additionally, the NVIDIA CUDA Quantum platform helps ensure efficient execution of the classical and quantum components of the Terra Quantum applications so that they can deliver maximum performance as an end-to-end solution.

By harnessing the immense potential of quantum computing, Terra Quantum aims to overcome existing limitations in processing complex data sets, offering enhanced speed, accuracy, and scalability. It’s collaboration with NVIDIA will help unlock new avenues for businesses across diverse sectors, including finance, healthcare, logistics, energy, and more, empowering them to leverage data-driven strategies to drive growth, optimize operations, and create competitive advantages in today’s rapidly evolving marketplace.

“We are using our hybrid quantum algorithms delivered on NVIDIA GPUs to deliver significant business impact today. This collaboration will not only accelerate this impact but also help unlock a whole new range of opportunities in the areas of machine learning and simulation — while also setting a pathway for quantum computing,” said Markus Pflitsch, CEO of Terra Quantum.

“Valuable quantum computing will require the tight integration of GPU supercomputing with tomorrow’s quantum processors,” said Tim Costa, Director of HPC and Quantum at NVIDIA. “Our collaboration with Terra Quantum will put CUDA Quantum into the hands of a new set of researchers working to build the world’s first quantum accelerated applications, contributing to breakthroughs on the path to valuable quantum computing.”

About Terra Quantum

Terra Quantum Group is a leading quantum technology company based in Germany and Switzerland. It provides “Quantum as a Service (QaaS)“ in three core areas, the first one being “Quantum Algorithms as a Service”. Here, customers are provided access to an extensive library of algorithms, such as hybrid quantum optimization and hybrid quantum neural networks, which can be used for solving complex logistics problems or pattern recognition, among other things. Terra Quantum also develops new quantum algorithms for its customers or adapts existing algorithms to their specific needs. Secondly, through “Quantum Computing as a Service”, Terra Quantum offers its customers access to its proprietary high-performance simulated quantum processing units (QPU), the quantum ecosystem’s physical QPUs, while also developing native QPUs. The third division is “Quantum Security as a Service,” through which Terra Quantum offers its unique solutions for secure quantum and post quantum communications worldwide.

About NVIDIA

Since its founding in 1993, NVIDIA (NASDAQ: NVDA) has been a pioneer in accelerated computing. The company’s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics, ignited the era of modern AI and is fueling industrial digitalization across markets. NVIDIA is now a full-stack computing company with data-center-scale offerings that are reshaping industry. More information at https://nvidianews.nvidia.com.

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Source: Terra Quantum