Quantum Computing

What Quantum Computing does

Quantum Computing Inc. (QCi, NASDAQ: QUBT) is an integrated photonics company founded in 2018 and headquartered in Hoboken, New Jersey, that builds quantum and photonic hardware operating at room temperature with sub-100W power consumption. Its commercial product portfolio centers on the Dirac-3 entropy quantum computer (a QUDIT-based system solving constrained discrete optimization problems with up to 949 variables and all-to-all connectivity), NeuraWave and EmuCore photonic reservoir computing platforms for low-latency edge AI inference, the uQRNG quantum random number generator, and supporting components (entanglement sources, frequency converters) built on thin-film lithium niobate (TFLN) photonic integrated circuits. QCi monetizes through direct hardware sales of on-premise systems, cloud-based usage and subscription access to the Dirac product line, TFLN foundry services from its Fab 1 (Tempe, AZ) and Fab 2 (launched via the NHanced Semiconductors acquisition), and professional services including federal-focused quantum optimization consulting delivered through Accenture Federal Services.

The company serves a mix of defense and federal customers (Planck Dynamics for NATO/allied forces, federal agencies via AFS, prior Department of Energy engagement), enterprise AI and computing customers (telecommunications, autonomous systems), and cybersecurity/communications buyers (Quantum Corridor/Toshiba QKD integration, Kyndryl and Ciena demonstrations), with a stated vertical segmentation approach. Following three acquisitions in 2026 — Luminar Semiconductor ($110M, Feb 2026), NuCrypt ($5M, Mar 2026), and NHanced Semiconductors ($73.1M plus up to $72M earnout, Jun 2026) — QCi operates approximately 200 employees across New Jersey, Arizona, Massachusetts, California, and Indiana facilities, with a $1.4B cash position funded by a $750M October 2025 private placement supporting continued commercialization.

Name

Quantum Computing

Legal name

Quantum Computing, Inc.

Website

https://quantumcomputinginc.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

251–500 employees

Short description

Quantum Computing Inc. (NASDAQ: QUBT) is an integrated photonics company that builds room-temperature, low-power quantum and photonic hardware — including the Dirac-3 entropy quantum optimizer, NeuraWave edge AI photonic platform, and TFLN photonic components — serving defense, federal, enterprise AI, and cybersecurity customers via hardware sales, cloud access, and foundry services.

Ownership category

akta.pro rank

Product category

Quantum Computing Hardware

NAICS

Semiconductor and Related Device Manufacturing (334413), Semiconductor and Other Electronic Component Manufacturing (33441), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Semiconductors & Related Devices (3674), Electronic Computers (3571), Optical Instruments & Lenses (3827)

akta.pro primary industry

QCaaS Platforms & Developer Portals (HDAGAIAB)

akta.pro secondary industries

Quantum Cloud APIs, Billing & Metering (HDAGAIAJ), Multi-Provider Quantum Aggregators & Marketplaces (HDAGAIAC)

Keywords

• Quantum computing hardware
• Photonic integrated circuits
• Thin-film lithium niobate
• Entropy quantum computing
• Reservoir computing platform

Headquarters

HQ city

Hoboken

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D

Revenue model

1. Quantum Hardware Product Sales: Sale of quantum machines including Dirac-3 entropy quantum computers, NeuraWave photonic reservoir computers, and photonic components (uQRNG, entanglement sources, frequency converters). Products sold as on-premise installations or cloud-accessible systems.
2. Cloud/Quantum Computing Access: Subscription-based and usage-based cloud access to Dirac quantum optimization systems, with trial, hourly, and dedicated access options. Revenue recognized as customers purchase time allocation blocks.
3. Foundry Services: Thin-film lithium niobate (TFLN) chip fabrication services offered to external customers through QCi's Fab 1 and Fab 2 facilities, providing semiconductor manufacturing capabilities.
4. Professional Services and Quantum Optimization: Application science consulting, technical support, deployment services, and quantum optimization problem formulation services, particularly for federal government customers through Accenture Federal Services partnership.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels5 records

Core offering

Quantum Computing Inc. (QCi) develops and sells room-temperature quantum and photonic machines, including the Dirac-3 entropy quantum computer for discrete optimization, NeuraWave and EmuCore photonic reservoir computing platforms for edge AI inference, and quantum photonic components (uQRNG, Entanglement Source, Frequency Converter). The company also provides thin-film lithium niobate (TFLN) foundry chip fabrication services through its Fab 1 and Fab 2 facilities.

Product overview

Quantum Computing Inc. (QCi) is an integrated photonics company offering a portfolio of quantum machines, photonic components, and foundry services. The core products include Dirac-3 (3rd generation entropy quantum computer for optimization), NeuraWave and EmuCore (photonic reservoir computing platforms for edge AI), uQRNG (quantum random number generator), Entanglement Source, and Frequency Converter (quantum photonic components). The company also provides TFLN (thin-film lithium niobate) foundry services for chip fabrication. QCi's technology operates at room temperature with low power requirements, enabling deployment across high-performance computing, AI, cybersecurity, aerospace/defense, and sensing markets. Recent acquisitions of NHanced Semiconductors, Luminar Semiconductor, and NuCrypt have expanded manufacturing capabilities and photonics expertise.

Differentiator

Problem solved

Functional benefit

Brands

• Dirac-3: 3rd generation QUDIT entropy quantum computer for complex optimization problems
• NeuraWave
• EmuCore
• uQRNG
• Qatalyst
• Entanglement Source
• Frequency Converter
• Fab 1
• Fab 2

Products and services

• Dirac-3 Third-generation QUDIT entropy quantum computer designed for complex discrete optimization problems. Operates at room temperature with under 100W power consumption, solving constrained combinatorial optimization with up to 949 variables and all-to-all connectivity.
• NeuraWave Photonic reservoir computing platform for real-time AI inference at the edge. Uses hybrid photonic-digital computing to deliver ultra-low latency and reduced power consumption compared to conventional GPU-based AI systems. Packaged as a standard PCIe plug-in card.
• EmuCore First-generation photonic-inspired reservoir computing edge device optimized for recurrent neural networks. FPGA-based analog reservoir computer for directed AI applications including classification, time series prediction, and data processing.
• uQRNG Uniform quantum random number generator providing genuinely random numbers from quantum processes. Uses photon arrival time superposition to generate 13-bit random strings per detection event. Used for cryptographic keys, gaming, blockchain, and simulation applications.
• Entanglement Source High-dimensional single photon source for generating entangled photon pairs using fiber-coupled periodically poled lithium niobate crystals. Produces broadband entangled photons across the telecom C-band via spontaneous parametric down-conversion. Used for quantum key distribution, authentication, metrology, and networking.
• Frequency Converter Quantum Frequency Conversion (QFC) module enabling transformation of C-band and O-band photons into sum frequency photons of visible wavelength via periodically poled lithium niobate waveguides. Essential for quantum optical information processing, sensing, and long-distance quantum communication.
• TFLN Foundry Services Thin-film lithium niobate (TFLN) chip fabrication foundry services for passive or active TFLN components and photonic integrated circuits. USA-based 150mm wafer line with backend and optical packaging capabilities. Produces electro-optic modulators, periodically poled structures, and PICs.

Quantifiable outcome

• Dirac-3 solves optimization problems with up to 949 variables with all-to-all connectivity
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• Planck DynamicscoreStrategic or Co-development Partner · 18 June 2026Framework agreement for deployment of up to 100 NeuraWave photonic reservoir computer systems for AI applications serving NATO and allied forces. Initial purchase order for 5 systems with delivery expected in 2026, representing potential aggregate program value exceeding $10 million. Planck Dynamics is a Netherlands-based defense technology firm backed by NUNC Capital BV.
• Accenture Federal ServicescoreImplementation/ SI/ Consulting Partner · 26 May 2026Expanded federal go-to-market collaboration to provide quantum optimization capabilities for government customers. QCi's Dirac-3 entropy quantum optimization machine showcased at AFS' Forge innovation center in Washington, D.C. Partnership targets federal agencies for logistics, supply chain, fraud detection, and AI-driven decision support applications.
• Quantum CorridorcoreStrategic or Co-development Partner · 30 March 2026First commercial Dirac-3 deployment at Digital Crossroad Data Center in Hammond, Indiana. Subscription-based access model providing secure, on-demand access over Quantum Corridor's high-speed, quantum-enabled fiber network, integrated with Toshiba's Quantum Key Distribution-secured 10G link.

Scale indicators10 records

Recent moves6 records

Direct peers

• IonQ: IonQ is a publicly traded pure-play quantum computing company developing trapped-ion quantum systems and cloud-accessible quantum services via AWS, Azure, and Google Cloud — directly comparable to QCi as a public quantum hardware and QCaaS competitor targeting similar enterprise and government customers.
• Rigetti Computing: Rigetti is a publicly traded quantum computing company building superconducting qubit systems with cloud-accessible QCaaS offerings. Comparable to QCi as a small-cap public quantum hardware competitor pursuing enterprise and government contracts, though pursuing a different qubit modality.
• D-Wave Quantum: D-Wave is a publicly traded quantum computing company specializing in quantum annealing systems for optimization problems, with cloud-accessible services. Comparable to QCi in targeting discrete optimization workloads (Dirac-3's core use case) and as a public quantum competitor.
• Xanadu Quantum Technologies: Xanadu is a privately held photonic quantum computing company offering cloud-accessible quantum machines and the PennyLane software platform. Directly comparable to QCi in photonic quantum hardware architecture and cloud-accessible QCaaS business model.
• PsiQuantum: PsiQuantum is a privately held photonic quantum computing company pursuing fault-tolerant systems using silicon photonics. Comparable to QCi as a photonic-modality quantum hardware competitor, though at much greater scale and focused on fault-tolerant rather than entropy computing.
• Lightmatter: Lightmatter is a privately held photonic AI inference company building photonic processors for data center and edge AI workloads. Closely comparable to QCi's NeuraWave photonic reservoir computing platform in targeting low-latency, low-power AI inference with photonic hardware.

Broad incumbents

• Quantinuum: Quantinuum is a major full-stack quantum computing company combining trapped-ion hardware (H-Series) with the TKET software stack and cloud access. Comparable to QCi as a broad incumbent in quantum computing serving similar enterprise, government, and research customers with a more mature platform.
• IBM Quantum: IBM Quantum is a broad incumbent offering superconducting quantum hardware (Heron, Condor, Quantum System Two) and the Qiskit software stack with extensive cloud distribution. Comparable to QCi as a general-purpose quantum cloud platform serving similar enterprise and government customers.

Emerging players

• Celestial AI: Celestial AI is a privately held photonic AI accelerator company developing memory-centric photonic fabrics for data center AI workloads. Comparable to QCi's NeuraWave as an emerging photonic AI hardware player pursuing low-power inference solutions.
• Lightelligence: Lightelligence is a photonic computing company developing optical AI accelerators for inference and optimization workloads. Comparable to QCi as an emerging player in photonic hardware for AI and optimization applications, with overlapping target use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/QciQuantum
• LinkedInlinkedin.com/company/quantumcomputing

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries6 records

Funding overview

Funding rounds10 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quantum Computing