When was 1QBit founded?

1QBit was founded in 2012 and raised its 1st funding round 1 year after it was founded.

Where is 1QBit located?

1QBit is headquartered in Vancouver, Canada.

Who is the current CEO of 1QBit?

Andrew Fursman of 1QBit. They are also an angel investors in 1 startup.

How many employees does 1QBit have?

As of Jul 01, 2024, the latest employee count at 1QBit is 95.

Is 1QBit a funded company?

1QBit is a funded company, having raised a total of $45M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2013.

When was the latest funding round of 1QBit?

1QBit's latest funding was a $***** Conventional Debt round on Jun 29, 2018, with participation from 1 investor.

Where does 1QBit rank among its competitors?

1QBit ranks 2nd amongst 30 active competitors, of which 12 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Nu Quantum, which secured $60M in Dec, 2025.

Who are the top competitors of 1QBit?

1QBit's top competitors include Nu Quantum, Kipu Quantum and Kvantify. Among them, Nu Quantum secured the most recent funding round in December, 2025.

1QBit - 2026 Company Profile, Team, Funding & Competitors

Company Details

1QB Information Technologies (1QBit) is a quantum computing software company which has created a hardware-agnostic platform (can be integrated with both classical and quantum computers) for performing quantum computation. Provides an API endpoint which the industry partners can integrate into their existing applications. Partnered with D-Wave Systems, its software reformulates optimization problems into the quadratic unconstrained binary optimization (QUBO) format necessary to compute with D-Wave's quantum annealing processors. The company is primarily focused on applications such as computational finance, the energy industry, and the life sciences.

Website: 1qbit.com
Social
Email ID: *****@1qbit.com
Phone Number: +1 **********

Key Metrics

Founded Year

2012

Location

Vancouver, Canada

Stage

Series B

Total Funding

$45M in 4 rounds

Latest Funding Round

Conventional Debt, Jun 29, 2018, $*****

Investors

Mitacs & 18 more

Ranked

2^nd among 30 active competitors

Employee Count

95 as on Jul 01, 2024

Similar Companies

Nu Quantum & 31 more

View 1QBit's full profile

1QBit has raised a total funding of $45M over 4 rounds. Its first funding round was on 2013. Its latest funding round was a Conventional Debt round on Jun 29, 2018 for $*****. 1 investor participated in its latest round. 1QBit has 19 institutional investors.

Here is the list of recent funding rounds of 1QBit:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 29, 2018	4565298	Conventional Debt	5267286	6095057	9270667	6465215
Nov 28, 2017	6386083	Series B	5647028	5268094	8037510	Accenture & 3 more
2014	3963	Series A	9163	4984	CME Group	7518

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View details of 1QBit's funding rounds and investors

The founders of 1QBit are Andrew Fursman and Landon Downs.

Here are the details of 1QBit's key team members:

Andrew Fursman: Co-Founder & CEO of 1QBit and founder of 1 other company. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Landon Downs: Co-Founder of 1QBit and founder of 2 other companies, Cambium Capital Partners and Quantum Insights Network.
Contact Info: 2 email addresses

View details of 1QBit's Founder profiles and Board Members

1QBit's employee count trend

1QBit has 95 employees as of Jul 24. Here is 1QBit's employee count trend over the years:

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Top competitors of 1QBit include Nu Quantum, Kipu Quantum and Kvantify. Here is the list of Top 10 competitors of 1QBit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nu Quantum 2018, Cambridge (United Kingdom), Series A	Developer of quantum cryptography systems	$72.1M	Amadeus Capital, National Grid Partners & 16 others	63/100
2nd	1QBit 2012, Vancouver (Canada), Series B	Hardware-agnostic platform for quantum computing	$45M	CME Group, Green Sands Equity & 17 others	63/100
3rd	Kipu Quantum 2021, Germany, Seed	Developer of quantum software solutions for optimization and machine learning	$14.5M	Quantonation, HV Capital & 8 others	60/100
4th	Kvantify 2022, Copenhagen (Denmark), Seed	Provider of quantum computing solutions for businesses in industries such as finance, life sciences, and logistics	$10.7M	Dreamcraft Ventures, Lundbeck Foundation & 8 others	59/100
5th	Strangeworks 2018, Austin (United States), Series A	Developer of quantum computing software solutions	$28M	IBM, RTX & 11 others	59/100
6th	Cambridge Quantum 2014, London (United Kingdom), Series C	Provider of AI-based software for quantum computing	$95M	IBM, Honeywell & 6 others	58/100
7th	QC Ware 2014, Palo Alto (United States), Series B	Provider of a cloud-based computational platform for quantum computing	$33.2M	Goldman Sachs Investment Partners, Citi & 9 others	51/100
8th	QunaSys 2018, Bunkyo (Japan), Series B	Company focused on quantum computing research and development	$23.7M	ANRI, JIC Venture Growth Investments & 10 others	43/100
9th	BEIT 2016, Krakow (Poland), Seed	Developer of quantum computer algorithms	$1.4M	Kindred Capital, Bloomberg L.P. & 8 others	42/100
10th	Zapata Computing 2017, Boston (United States), Funding Raised	Provider of quantum software solutions	-	-	35/100