1QBIT COMPANY BACKGROUNDER

1QBit solves industry’s most demanding challenges by recasting problems to harness the power of quantum computing.

1QBit is a global leader in advanced computing and software development. Founded in 2012, 1QBit builds hardware-agnostic software and partners with companies taking on computationally exhaustive problems in advanced materials, life sciences, energy, and finance. Trusted by Fortune 500 companies and top research institutions internationally, 1QBit is seen as an industry leader in quantum computing, machine learning, software development and hardware optimization.

Headquartered in Vancouver, Canada, the company employs over 120 mathematicians, computer scientists, physicists, chemists, software developers, physicians, biomedical experts, and quantum computing specialists. 1QBit develops novel solutions to computational problems along the full stack of classical and quantum computing, from hardware innovations to commercial application development.

FOUNDER / TECHNICAL LEADERSHIP BIOS 

Andrew Fursman, CEO – Andrew leads the strategic vision and the development of partnerships for 1QBit. Andrew also is a founding partner at Vancouver-based VCC Minor Capital, co-founder of Satellogic Nano-Satellites, and co-founder of Cloudtel Communications. He studied Economics at the University of Waterloo and Philosophy and Political Science at the University of British Columbia prior to completing post-graduate programs in Technology Studies at Singularity University and Financial Engineering at Stanford University.

Landon Downs, President – Landon is responsible for the leadership of all internal operations and the execution of key partnerships and projects at 1QBit. Landon is also a founding partner at Agentis Capital, a boutique financial advisory firm, and Minor Capital. He has experience spanning from startups and early-stage investing to mergers and acquisitions and advising on some of the largest public- private-partnership infrastructure transactions in Canada. Throughout his career he has advised on the deployment of over $6Bn of capital. Landon received a Bachelor of Commerce degree from the University of Victoria, is a CFA charterholder, and has completed Singularity University’s Executive Program.

Dr. Phil Goddard, Head of Research – Phil is the President of Goddard Consulting. Formerly, he worked with The Mathworks as manager of the financial services practice within their North American consulting group and as a Senior Consultant and Application Engineer. He holds a PhD in Engineering from the University of Cambridge.

Dr. Michael P. Friedlander, Scientific Advisor – Michael is the IBM Professor of Computer Science and Professor of Mathematics at the University of British Columbia. Prior to this he spent two years as Professor of Mathematics at the University of California, Davis. Michael received his PhD in Operations Research from Stanford University and his BA in Physics from Cornell University. Michael was also a Wilkinson Fellow in Scientific Computing at Argonne National Laboratory, a senior fellow at UCLA’s Institute for Pure and Applied Mathematics, and a long-term visitor at the Simons Institute for the Theory of Computing. He currently serves as the Program Director, SIAM Activity Group in Optimization, and as associate editor of many of the major journals in continuous optimization. His research focuses primarily in developing numerical methods for constrained optimization, their software implementation, and applications in signal processing, image reconstruction, and machine learning.  

Deepak Kaura, MD, FRCPC, MBA, Chief Medical Officer – Deepak is 1QBit’s Chief Medical Officer and the Chair of the Board of Joule, a Canadian Medical Association subsidiary. Prior to these appointments, Deepak spent 5 years in Qatar with the Sidra Medical and Research Center, most recently as the Executive Chairman of the Foundational Clinical Services Management Group, where he helped to set new standards in patient care for women and children and led ground-breaking work in the application of machine learning to healthcare. Deepak has also served the Royal College of Physicians and Surgeons of Canada as a Subspecialty Chair in Pediatric Radiology and has established a number of startups in the healthcare space. He has received his MBA from HEC Paris, FRCPC following training in Calgary, and his MD from the University of Manitoba. He has held faculty appointments as Associate Professor at Cornell University and the University of Calgary.

David Roberts, Board Chair – David is an M.I.T. and Harvard alumnus and award-winning CEO. He is a former Special Agent, decorated military officer, and career officer in the Executive Branch of the US Government. David has started ventures backed with over USD$100M of investment from groups such as KPCB, Khosla, Cisco, Oracle, and In-Q-Tel, and has led the development of technical systems including satellites, unmanned air vehicles, and analytical fusion centres.

Technical Team – 1QBit’s 100+ researchers and developers hold over 90 university degrees in a wide variety of specialized areas including graph theory, condensed matter physics, high-energy physics, discrete optimization, continuous optimization, computer engineering, and robust control system design.

TIMELINE

2012 – 1QBit founded by two partners of Minor Capital VCC in an office above a local pub

2013 – Founders self funded until September 2013

2013 – Received MITACS funding

2013 – Raised seed round

2013 – Machine Access Agreement signed with D-Wave

2013 – Filed first provisional patent

2013 – Marcos López de Prado joined 1QBit as head of Scientific Advisory Board

2014 – Team reached 20 members

2014 – CME Group’s venture arm made a strategic investment and leads Series A financing

2014 – Team reached 30 members

2014 – Partnership with D-Wave Systems announced

2014 – Filed first patent

2014 – David Roberts joined 1QBit as Chairman of the Board

2014 – Blu Putnam appointed as CME’s Board Representative

2015 – First patent granted

2015 – Published collaborative research paper with NASA/USRA on job-shop scheduling

2015 – Recognized as a World Economic Forum Technology Pioneer

2015 – 1QBit team scaled to 40 with world-leading experts in physics, math, and computer science

2015 – Royal Bank of Scotland strategic investment led financing round with CME Group’s venture arm

2016 – Completed proof of concept engagement with Fortune 100 retail partner

2016 – Partnered with Canadian High Commission to the UK’s Canadian Technology Accelerator in London

2016 – Interactive notebook introduced for experimentation with quantum software development kit

2016 – Jointly launched quantumforquants.org community with D-Wave and world’s leading finance experts

2016 – Andrew Fursman named to The World Economic Forum Future of Computation Council

2016 – Completed proof of concept engagement with Fortune 100 oil and gas partner

2016 – Hosted 1QBit Symposium on mathematical programming and quantum optimization

2016 – Invited to brief the United Nations on developments in emerging technologies, machine learning, and AI

2017 – 1QBit scaled to 50 team members, adding key hires in software development and research

2017 – Michael P. Friedlander joined as 1QBit Advisor

2017 – Helmut G. Katzgraber joined as 1QBit Research Lead

2017 – 1QBit joins NVIDIA’s inception program

2017 – Fujitsu and 1QBit announce collabor2ation on quantum inspired AI cloud service

2017 – Biogen, Accenture and 1QBit publically announce development of quantum-enabled molecular comparison application

2017 – The Dow Chemical Company and 1QBit announce multi-year collaboration agreement

2018 – Microsoft Quantum Announces New Collaboration with 1QBit and Other Leading Startups

2019 – 1QBit Announces New Sherbrooke Office in Partnership with Université de Sherbrooke

2019 – Microsoft Partners with 1QBit, Honeywell, IonQ, and QCI on Azure Quantum

2020 – 1QBit Announces XrAI

AWARDS AND RECOGNITION 

On August 5th, 2015 the World Economic Forum announced 1QBit as a recipient of the 2015 Technology Pioneer Award. This honour recognizes 1QBit as a leader among the world’s most promising technology companies alongside past winners such as GoogleDropboxPalantirTwitter, and Kickstarter. The 2015 cohort is composed of a select few contemporary deep science start-up companies including 1QBit, Ayasdi, and Vicarious. The World Economic Forum’s Technology Pioneers programme recognizes early-stage companies from around the world that are involved in the design, development, and deployment of new technologies, and are poised to have a significant impact on business and society.

1QBit has been invited to participate in multiple WEF events, alongside high-influence industry and government leaders, including the Annual General Meeting in Davos, where 1QBit spoke as a panelist on the topic of accelerating scientific breakthroughs and the future of innovation in Canada alongside Prime Minister Trudeau.

1QBit has also given presentations at the UN as part of their partnership and advisory in the development of the new UNICRI Center for Artificial Intelligence and Robotics. In September 2016, 1QBit spoke at a UN high-level side event on emerging technologies and their implications for global security and in February 2017 at a workshop on AI and robotics organized by the United Nations Interregional Crime and Justice Research Institute.

Frequently invited to present research at specialized conferences attended by experts from industries served by 1QBit’s software projects, 1QBit has enjoyed many headline and informal presentations at global conferences and private events. Select speaking engagements include: Founders Forum, BlueYard Capital x Google Labs: Quantum Leap, JPMorgan’s Global Equities Quantitative Conference in London, Wired for Wonder in Sydney, the APS annual meeting, Exponential Finance in NYC, and Impact Canada.

NOTABLE PRESS

Microsoft Aims Quantum-Computing Effort at Developers – The Wall Street Journal

1QBit Seeks to Fill Quantum Computing’s Software Void – The Wall Street Journal

Quantum Computing Might be Here Sooner Than You Think – Bloomberg Markets

Quantum Computing May Speed Drug Discovery, Biogen Test Suggests – The Wall Street Journal

Quantum computing power leap – CBC The National

Quantum leaps for new computer approach – Defence Systems

D-Wave and 1QBit launch Quantum for Quants at Global Derivatives – Cantech Letter

Foreign investment for Canadian high-tech in Davos – The National Press

Quantum computing and wall street – Bloomberg

CME Group on investing in tech startups – Chicago Tribune

Bright future for quantum computing thanks to 1QBit – BetaKit

Vancouver-based 1QBit looks to become the next software giant – BC Business

PRESS CONTACT

For press enquiries, interviews, or comments please contact communications@1qbit.com.