QxBranch

QxBranch, Inc.

Company type	Private
Industry	Software, Quantum computing, Data analysis
Founded	2014
Fate	Acquired by Rigetti Computing on July 11, 2019
Headquarters	Washington, D.C. , United States
Area served	Global
Key people	Dr. Ray O Johnson (executive director)
Products	Data analytics solutions, Quantum computing software products (developer tools, user interfaces, simulation platforms)
Parent	Rigetti Computing

QxBranch, Inc. (QxBranch) is a software firm specializing in data analysis and quantum computing, based in Washington, D.C.. The company provides data analytics solutions and develops technologies related to quantum computing. On July 11, 2019, QxBranch was acquired by Rigetti Computing, a company focused on creating quantum integrated circuits for quantum computing devices.

Services

QxBranch offers predictive analytics services tailored to the banking and financial industries. Additionally, it creates software products for quantum computing, such as developer tools, user interfaces, and simulation platforms. The company also provides consulting and research and development aimed at improving business operations through quantum computing techniques, with an emphasis on adiabatic quantum computing applied to machine learning.

History

Established in 2014 as a joint spin-off from Shoal Group and The Tauri Group, QxBranch was created to commercialize quantum computing innovations. Shoal Group (formerly Aerospace Concepts) had partnered with Lockheed Martin under a research agreement granting access to a D-Wave Two quantum computer, which played a key role in QxBranch’s foundation.

In August 2014, QxBranch was selected among eight companies to participate in Accenture's FinTech Innovation Lab held in Hong Kong.

In May 2015, Dr. Ray O Johnson, who previously served as Chief Technology Officer at Lockheed Martin, joined QxBranch as an executive director.

Australian Prime Minister Malcolm Turnbull visited QxBranch’s Washington, D.C. offices in January 2016 to observe applications of quantum computing technology.

In November 2016, QxBranch collaborated with UBS to secure funding from Innovate UK’s Quantum Technologies Innovation Fund under the UK National Quantum Technologies Programme. This initiative concentrated on developing quantum algorithms tailored for trading and arbitrage in the foreign exchange market.

April 2017 saw QxBranch partner with the Commonwealth Bank of Australia to launch a quantum computing simulator designed to aid software and algorithm development ahead of the availability of silicon-based quantum hardware. The simulator, inspired by technology from the University of New South Wales, was integrated into the bank’s private cloud infrastructure, allowing simultaneous progress alongside hardware development.

In February 2018, QxBranch showcased a quantum deep learning network that modeled the 2016 US Presidential Election, delivering forecasts that slightly outperformed those from forecasting platform Five Thirty Eight.

By April 2018, IBM announced a partnership involving QxBranch and other organizations to offer research access to its IBM Quantum Experience quantum computers.

Locations

QxBranch maintains its headquarters in Washington, D.C., operates an engineering team based in Adelaide, Australia, and has additional offices located in both London and Hong Kong.

See also

• List of Companies involved in Quantum Computing or Communication
• Timeline of quantum computing
• Adiabatic quantum computation

External links

• Official site
• "Understanding quantum computing". CNBC News
• "Quantum Computing: Conversation with Michael Brett". Center for Strategic and International Studies
• "Disrupter Series Hearing: Quantum Computing". United States House Committee on Energy and Commerce