Google acquires quantum hardware startup
Swedish-American quantum hardware startup Atlantic Quantum has become part of Google Quantum AI, as the tech giant looks to accelerate the scaling of quantum computing.
Atlantic Quantum is developing next-generation quantum computers based on fluxonium qubits, a technology that enables significantly lower error rates and better scalability than current systems.
“We now have the opportunity to accelerate progress alongside Google Quantum AI’s industry-leading superconducting qubit hardware,” said co-founder of Atlantic Quantum and CEO Bharath Kannan in a statement, in early October.
A deeptech spin-off
The startup was founded by researchers from both Chalmers University of Technology in Gothenburg and the Massachusetts Institute of Technology (MIT) in the US. It has operated from both Gothenburg and Cambridge in the US since its inception.
“It has been fantastic to help bring the company from its founding to a successful exit and I'm very excited for the future with this excellent group of people. I would like to extend a special personal thank you to my team at Atlantic Quantum AB in Gothenburg, and to the great research environment at Chalmers University of Technology, WACQT - Wallenberg Centre for Quantum Technology, Chalmers Ventures,” said Jonas Bylander, co-founder of Atlantic Quantum and general manager of the European operations, and a professor at Chalmers University of Technology in Gothenburg, in a post on LinkedIn.
Transforming research into global impact
Gothenburg deeptech investor Chalmers Ventures, an early backer of Atlantic Quantum, has exited the company following its acquisition.
“Atlantic Quantum is a brilliant example of how excellent research from Chalmers can be transformed into groundbreaking technology with global impact. To tackle the global challenges we face, we must become better at turning cutting-edge research into products that make a difference in the world. Atlantic Quantum proves that Chalmers can take deeptech from lab to market – and that Gothenburg is a place where the technology of the future is born,” said Pontus Ottosson, CEO of Chalmers Ventures, in a statement.
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