1QBit Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Private

  • Employees
  • 54

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $3.4M

  • Investors
  • 26

1QBit General Information

Description

Developer of quantum computing software designed to solve intractable industry problems. The company's software uses machine intelligence and optimization science through a widely accessible, hardware-agnostic platform to develop novel approaches to applications, enabling clients and hardware providers to get improved applications with the advancements in both classical and quantum computing architectures.

Contact Information

Website
www.1qbit.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1285 West Pender Street
  • Unit 200
  • Vancouver, British Columbia V6E 4B1
  • Canada
+1 (646)
Primary Industry
Business/Productivity Software
Other Industries
IT Consulting and Outsourcing
Vertical(s)
Artificial Intelligence & Machine Learning
Corporate Office
  • 1285 West Pender Street
  • Unit 200
  • Vancouver, British Columbia V6E 4B1
  • Canada
+1 (646)

1QBit Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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1QBit Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
11. Later Stage VC 31-May-2024 $3.4M Completed Generating Revenue
10. Secondary Transaction - Private 17-Oct-2022 Completed Generating Revenue
9. Accelerator/Incubator 22-May-2020 Completed Generating Revenue
8. Later Stage VC 01-Jan-2019 Completed Generating Revenue
7. Later Stage VC (Series B) 28-Nov-2017 Completed Generating Revenue
6. Early Stage VC 20-Oct-2015 Completed Generating Revenue
5. Early Stage VC (Series A) 14-Jan-2015 Completed Generating Revenue
4. Accelerator/Incubator Completed Startup
3. Accelerator/Incubator 01-Jan-2014 Completed Startup
2. Early Stage VC 06-Dec-2013 Completed Startup
To view 1QBit’s complete valuation and funding history, request access »

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1QBit Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of quantum computing software designed to solve intractable industry problems. The company's software uses mac
Business/Productivity Software
Vancouver, Canada
54 As of 2025

Bristol, United Kingdom
 

Kitchener, Canada
 
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1QBit Competitors (23)

One of 1QBit’s 23 competitors is Phasecraft, a Venture Capital-Backed company based in Bristol, United Kingdom.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Phasecraft Venture Capital-Backed Bristol, United Kingdom
Quantum Benchmark Formerly VC-backed Kitchener, Canada
QuantrolOx Venture Capital-Backed Oxford, United Kingdom
Haiqu Venture Capital-Backed San Francisco, CA
Q-CTRL Venture Capital-Backed Chippendale, Australia
You’re viewing 5 of 23 competitors. Get the full list »

1QBit Patents

  • 193

    Total Documents Applications and Grants

  • Total Patents Families

  • 122

    Granted

  • 50

    Pending

  • Expiring in next 12 mo

1QBit Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20250068958-A1 Methods and systems for quantum error correction Pending 09-May-2022
CA-3230980-A1 Methods and systems for eigenstate preparation of a target hamiltonian on a quantum computer Pending 29-Sep-2021
US-20240256933-A1 Methods and systems for eigenstate preparation of a target hamiltonian on a quantum computer Pending 29-Sep-2021
EP-4409476-A1 Methods and systems for eigenstate preparation of a target hamiltonian on a quantum computer Pending 29-Sep-2021
CA-3223994-A1 Methods and systems for solving an integer programming problem or a mixed-integer programming problem using a circuit-based continuous-variable quantum optical device Pending 01-Jul-2021 G06N10/60
To view 1QBit’s complete patent history, request access »

1QBit Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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1QBit Investors (26)

Investor Name Investor Type Holding Investor Since Participating Rounds
Government of Canada Government Minority
Canada's Digital Technology Supercluster Accelerator/Incubator Minority
Green Sands Equity Venture Capital Minority
Handshake Ventures Venture Capital Minority
Angel (individual) Minority
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1QBit FAQs

  • When was 1QBit founded?

    1QBit was founded in 2012.

  • Where is 1QBit headquartered?

    1QBit is headquartered in Vancouver, Canada.

  • What is the size of 1QBit?

    1QBit has 54 total employees.

  • What industry is 1QBit in?

    1QBit’s primary industry is Business/Productivity Software.

  • Is 1QBit a private or public company?

    1QBit is a Private company.

  • What is 1QBit’s current revenue?

    The current revenue for 1QBit is .

  • How much funding has 1QBit raised over time?

    1QBit has raised $71.9M.

  • Who are 1QBit’s investors?

    Government of Canada, Canada's Digital Technology Supercluster, Green Sands Equity, Handshake Ventures, and are 5 of 26 investors who have invested in 1QBit.

  • Who are 1QBit’s competitors?

    Phasecraft, Quantum Benchmark, QuantrolOx, Haiqu, and Q-CTRL are some of the 23 competitors of 1QBit.

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