The acquisition will integrate Quantistry’s application software platform, algorithm simulation libraries and machine learning layer with IQM’s hardware infrastructure.
Finland’s IQM Quantum Computers has acquired selected assets of Berlin-based developer of cloud-native simulation workflow platform Quantistry, which aids businesses in the automotive, aerospace, chemical, materials and pharmaceutical industries.
The acquired assets include proprietary software applications, algorithms, and intellectual property. IQM will also retain Quantistry’s core technical, quantum chemistry and software engineering teams. IQM aims to integrate Quantistry’s application software platform, algorithm simulation libraries and machine learning layer with its own hardware infrastructure.
“True commercialisation of quantum computing requires more than powerful hardware,” said Jan Goetz, the CEO and co-founder of IQM Quantum Computers. He said, “It requires a bridge between hardware, software, and real industrial applications. The acquisition of Quantistry’s software assets builds that bridge.
“It accelerates our software development timeline in a capital-efficient way and brings in a technical team whose expertise will help us deliver cloud-accessible simulation value to enterprise customers. This is the kind of move that gets us there faster.”
