SEEQC Announces Collaboration With IBM Under DARPA's Quantum Benchmarking Initiative
Collaboration Boosts New York's Quantum Ecosystem to Advance U.S. Quantum Computing Leadership
ELMSFORD, N.Y., June 11, 2025 /PRNewswire/ -- SEEQC, a leader in scalable and energy-efficient quantum technologies, today announced a strategic technical collaboration with IBM as part of the U.S. Defense Advanced Research Projects Agency's (DARPA) Quantum Benchmarking Initiative (QBI).
The collaboration will explore integrating SEEQC's Single Flux Quantum (SFQ) chip-based control layer technologies with IBM's leading-edge quantum systems architecture. SEEQC envisions using its SFQ technologies to shrink and consolidate external racks of classical control hardware by transferring certain elements to a system-on-a-chip that operates adjacent to quantum chips within an ultra-cold dilution refrigerator.
"SEEQC's work with IBM highlights both companies' contributions to the U.S. Government's investments into large-scale quantum computing capabilities," said John Levy, CEO and Co-Founder of SEEQC. "Our leading SFQ chip-based digital control technology improves the energy efficiency and functionality of quantum computing systems, and we're excited to build on our team's research."
While SEEQC explores how SFQ control chips could enhance quantum system performance and reduce energy use in future systems, IBM will continue to progress on its IBM Quantum Development Roadmap, including its work to deliver a large-scale, fault-tolerant quantum computer.
"IBM is on track with our IBM Quantum Roadmap to realize a fault-tolerant quantum computer by 2029," says Jay Gambetta, IBM Fellow and VP, IBM Quantum. "Controlling and scaling such large-scale quantum systems is a difficult engineering problem with many unresolved research questions. We are excited to collaborate with SEEQC, investigate these questions, and accelerate the progress toward our 2029 goal."
While both companies maintain a global presence, SEEQC and IBM are deeply rooted in New York State's quantum ecosystem. SEEQC designs and tests its SFQ chips at its headquarters in Elmsford, while the IBM Quantum team primarily works out of the Thomas J. Watson Research Center in Yorktown Heights.
"This collaboration between IBM and SEEQC showcases the strength of Westchester County's and New York State's ecosystem of expertise in quantum information sciences," said Deborah Novick, Director at the Westchester County Office of Economic Development and co-lead of the NY QUANTUM Consortium. "I am excited to see how the two organizations help advance quantum computing as part of DARPA's QBI."
The Quantum Benchmarking Initiative reflects DARPA's broader mission to develop rigorous performance metrics and enable the design of practical, useful quantum computers for national and global challenges. The SEEQC-IBM collaboration exemplifies how New York's quantum ecosystem contributes to the entire "commercialization continuum" — from fundamental research and chip fabrication, to system integration and deployment.
About SEEQCSEEQC is pioneering energy-efficient, scalable quantum computing through its proprietary Single Flux Quantum (SFQ) technology. Headquartered in Elmsford, New York, SEEQC designs and manufactures next-generation quantum control systems that integrate classical and quantum components on a single chip. Learn more at www.seeqc.com.
Media Contacts:
SEEQCDavis Richardson, Paradox Public Relations dr@paradoxpr.com
IBMChris Nay, IBM Communications cnay@us.ibm.com
View original content:https://www.prnewswire.com/news-releases/seeqc-announces-collaboration-with-ibm-under-darpas-quantum-benchmarking-initiative-302479447.html
SOURCE SEEQC
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Surprising tech giant aims to lead quantum computing revolution
Surprising tech giant aims to lead quantum computing revolution originally appeared on TheStreet. The fast-growing world of quantum computing took a shocking turn this week, as a former industry leader revealed some unexpected news. Over the past few weeks, many quantum computing stocks have performed extremely well, boosted by a few clear catalysts that have generated significant momentum. This list includes companies such as D-Wave Systems and Quantum Computing. 💵💰💰💵 Fellow quantum computing leader IonQ made headlines recently when it announced a major acquisition, sending shares up. But more recently, a former giant of the tech sector revealed ambitious plans to step into the quantum computing market and offered a timeline for its vision. Even as the sector has grown recently, companies in the quantum computing space have often been overshadowed by their peers in the artificial intelligence (AI) field. However, these recent developments suggest that industry tides could be about to shift as tech leaders double down on quantum. Quantum computing leverages the principles of quantum mechanics to perform computational tasks at an extremely fast rate. This is accomplished by utilizing quantum bits (qubits) of information, enabling quantum computers to solve problems more efficiently than classical company known for producing classical computing machines has just announced a major pivot into the quantum industry, though. IBM, () one of the first companies to dominate the personal computing space, has revealed that it is working on building the world's first large-scale quantum computer that can operate with no errors. Stephen Guilfoyle, a veteran Wall Street trader who correctly predicted the rise of quantum computing last year, recently discussed IBM's new venture in an analysis for TheStreet Pro, highlighting what it means for the company and industry. 'This upcoming system, to be known as "IBM Quantum Starling," will be expected to perform up to 20,000 times more operations than what we currently refer to as quantum computers, he states. 'Complex quantum states far beyond our current capabilities and even current imagination will be tackled by this system.' He adds that if IBM's plan progresses, the quantum Starling system will have the power to 'access the computational power required for its processes by running 100 million quantum operations using 200 logical qubits,' ultimately paving the way for IBM Quantum Blue Jay, a system capable of executing one billion quantum operations. News of IBM's quantum computing plans sent IMB stock to a new record high, while boosting other quantum stocks such as Quantum Computing Inc and integrated circuit producer Rigetti Computing. While not all companies in the sector experienced this momentum, it is clear that IBM's announcement is seen as a bullish indicator for the industry. More Quantum Computing News: Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target IonQ CEO's strong 4-word message sends stock soaring Analyst flags new quantum computing stocks to buy 'Our expertise across mathematics, physics, and engineering is paving the way for a large-scale, fault-tolerant quantum computer — one that will solve real-world challenges and unlock immense possibilities for business,' states CEO Arvind Krishna. This news has overshadowed another recent announcement regarding IBM and quantum computing. But SEEQC, a company that produces scalable and efficient quantum technologies, has revealed a strategic collaboration with IBM, as part of the U.S. Defense Advanced Research Projects Agency's (DARPA) Quantum Benchmarking Initiative (QBI).SEEQC founder and CEO John Levy shared with TheStreet that he sees this collaboration as having major implications for both companies, as well as for the quantum computing field. He notes that the company's roadmap offers IBM a path to launch the fault-tolerant quantum computer it is planning. 'We're working together to explore how our ultra energy-efficient digital chips can help power IBM's quantum systems, and if successful, it will be a major leap forward to building practical, scalable quantum computers — not just in research labs, but in real-world data centers for businesses and government,' he states. Levy describes IBM as a leader in the quantum computing field, adding that his company sees its supercomputer plans as a 'turning point for the industry.' Nvidia CEO Jensen Huang recently made a similar statement, revealing that he believes it is reaching an 'inflection point' in the fairly near future. Surprising tech giant aims to lead quantum computing revolution first appeared on TheStreet on Jun 12, 2025 This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
3 hours ago
- CNBC
Why Oracle can rally another 70%, according to investor Victoria Greene
Oracle shares may be rallying on its latest earnings beat, but it still has much higher to go, according to Victoria Greene, chief investment officer at G Squared Private Wealth. The cloud computing company was one of three names Greene discussed on CNBC's " Power Lunch " Thursday – two made her buy list, while one is a hold. Oracle Shares of Oracle rallied 13% on Thursday after the company's fourth-quarter earnings and revenue topped analysts expectations . Although the stock is already up 20% year to date, Greene thinks it isn't too late for investors to get in on the action. "The train is leaving the station, but you've got to jump on the stock," she said. "I see this as a $300 stock in the next 12 months." That would mean a 50% rally ahead, as of Thursday's close. During the earnings conference call after the bell Wednesday, CEO Safra Catz said Oracle's cloud infrastructure revenue should jump by more than 70% in the 2026 fiscal year. "That 70% growth they've had, they're going to blow it out of the water with the continued A.I. investment, especially with Stargate," Greene said. "Everybody's investing in this and it's being built on Oracle." The stock hit a 52-week high on Thursday. IBM IBM has been a favorite of Greene's for some time, and she still loves the stock. She believes it can push "significantly" higher the next two to three years. "This company completely reimagined itself through acquisitions," she said. IBM completed its $6.4 billion acquisition of HashiCorp , a multi-cloud infrastructure automation company, in February. In 2023, it bought software company Apptio . On Tuesday, IBM announced its plan to develop a large-scale, fault-tolerant quantum computer, Quantum Starling. "They have great strategic partners," Greene said. "They even talk about their patient zero for using AI and they're saving $3 billion — 20% to 30% of their code is now being built on their AI." "This stock is touching everything you want to touch right now," she added. Shares of IBM hit a 52-week high on Thursday and are up about 28% year to date. Datadog Greene is staying on the sidelines with Datadog , which popped nearly 3% on Thursday after an upgrade to outperform at Wolfe Research. She said she'd like to see the cloud computing stock trade above its 200-day moving average, which is around $123. "It's got headwinds on margins, controlling costs [and] on competition," Greene said. "It's got a fantastic, definite product that is being utilized, but at the same point, they're kind of stalling out on their cross selling. You haven't seen a massive increase in the number of companies that are increasing their number of modules," she added. Shares are down 14% year to date.
Yahoo
7 hours ago
- Yahoo
The Zacks Analyst Blog Highlights D-Wave Quantum, IBM, IonQ and Rigetti Computing
Chicago, IL – June 12, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: D-Wave Quantum QBTS, International Business Machines Corp.'s IBM, IonQ IONQ and Rigetti Computing RGTI. Here are highlights from Wednesday's Analyst Blog: Shares of D-Wave Quantum have captured the spotlight over the past year, soaring an astounding 1359.5%. This rally has been fueled by accelerating demand for quantum technology, broader AI-driven infrastructure boom and the company's robust quarterly results. However, International Business Machines Corp.'s entry into the next phase of quantum computing with its yesterday's announcement of IBM Quantum Starling, a large-scale, fault-tolerant quantum computer projected to perform 20,000 times more operations than today's machines, may signal a new competitive threat within this niche. IBM's roadmap includes tangible plans to deliver fault tolerance and modular scalability by the end of the decade. Big Blue's latest move, while showcasing its long-term ambition to lead in enterprise quantum solutions, also raises concerns for smaller players like QBTS. With IBM's renewed push, the quantum race is heating up. Investors must now reassess whether D-Wave Quantum's fundamentals and growth strategies reflect sustainable leadership or if recent gains could prove overextended amid escalating competitive pressure. Let's find out. Quantum Supremacy Fuels Confidence: D-Wave Quantum's first-quarter 2025 achievement of quantum computational supremacy on a real-world materials science problem is now published in Science. Using its 1,200-qubit Advantage2 prototype, the company solved a problem in minutes that would take a top-tier classical supercomputer nearly a million years, consuming more energy than the world produces in a year. This validation separates D-Wave from peers like IonQ and Rigetti Computing, which are yet to demonstrate superiority on commercially relevant tasks. Competitive Advantage of Annealing Quantum Computing: D-Wave works on annealing quantum computing, a branch of quantum computing optimized for combinatorial and optimization problems. Unlike rivals focused on gate-based models that are still stuck in development cycles, D-Wave's systems are built for immediate deployment. Its growing body of production applications supports this. Strong Cash Position Supports Path to Profitability: D-Wave Quantum exited the first quarter of 2025 with a record-high consolidated cash balance of $304.3 million, significantly enhanced by $146.2 million in net proceeds raised through its third At-The-Market (ATM) offering during the quarter. Management now believes this cash position is sufficient to fund operations through to profitability, solidifying D-Wave's standing as one of the most capital-efficient companies in the quantum computing space. Technical indicators suggest continued strong performance for D-Wave Quantum. Notably, the 50-day SMA continues to read higher than the 200-day SMA, signaling a bullish trend. This technical strength underscores positive market sentiment and confidence in QBTS' financial health and prospects. The Zacks Consensus Estimate for D-Wave Quantum's second-quarter and 2025 earnings implies 30% and 72% improvement, respectively, from the year-ago periods. As the only quantum computing company to demonstrate real-world quantum supremacy, validated by a peer-reviewed Science publication, D-Wave distinguishes itself from competitors like IonQ and Rigetti Computing, which remain focused on less mature gate-based systems with fewer commercial deployments. While IBM's investment in quantum might prove a threat for smaller companies, it also validates the opportunity D-Wave is already capitalizing on with its production-ready annealing solutions. Despite IBM's entry, D-Wave still has a long runway for growth. Backed by strong first-quarter 2025 results, rising enterprise adoption and a Zacks Rank #2 (Buy), QBTS offers more upside potential for long-term investors. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report International Business Machines Corporation (IBM) : Free Stock Analysis Report IonQ, Inc. (IONQ) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
