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Horizon Quantum Computing creates software tools for quantum programming, including compilers and a runtime that translate high-level code into quantum instructions for hardware. Its products abstract hardware details so developers can write in standard languages and run code on quantum backends via a coordinated runtime. It differentiates itself by offering a full stack, hardware-and-software integration that enables co-design and makes quantum development accessible beyond quantum specialists. Its goal is to go public through a SPAC merger with dMY Squared Technology Group to secure capital for ongoing R&D and commercialization of both software and future hardware offerings.
Industries
Hardware
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Growth Equity (Venture Capital)
Total Funding
$144.4M
Headquarters
Singapore, Singapore
Founded
2018
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Total Funding
$144.4M
Above
Industry Average
Funded Over
4 Rounds
Who's news: Strategic appointments at Horizon Quantum, Quantum Computing Inc., and Uviquity. Horizon Quantum has appointed Amanda Chew as Chief Product Officer (CPO), effective August 17, 2026. Chew joined the company in 2020 as Product Manager and subsequently held the positions of Director of Product and Vice President of Product. Prior to Horizon Quantum, she held management roles at Microsoft. In her new capacity, Chew will manage Horizon Quantum's product development and software infrastructure strategies. Quantum Computing Inc. (QCi) has promoted Mark Batzdorf to Senior Vice President, Finance. Batzdorf joined QCi following its acquisition of Luminar Semiconductor and has since managed finance operations for the company's photonics unit. In his expanded role, he will manage QCi's broader financial framework and growth planning. Uviquity has appointed Dr. Vincent D. ("Chuck") Mattera, Jr. as a Strategic Advisor. Dr. Mattera is the Founder and CEO of Avalanche Thinking and formerly served as Chair and CEO of Coherent Corp. In his advisory role, he will guide Uviquity's executive team as the company commercializes its integrated aluminum nitride (AlN) photonics platform for quantum computing, sensing, and ultraviolet applications. Quantum Computing Report LLC wish all these organizations and individuals success in their new endeavors. August 8, 2026
Horizon Quantum reports Q2 2026 financial results: warrant cash infusion, Beryllium Early Access, and European Testbed Expansion. Horizon Quantum Holdings Ltd. (NASDAQ: HQ) has reported its financial results for the second quarter ended June 30, 2026. Highlights of the quarter include a major capital injection from public warrant exercises, early access availability for its flagship programming language Beryllium, and the strategic expansion of its quantum hardware testbed into Europe. Because the company completed its SPAC merger with dMY Squared Technology Group on March 19, 2026, financial metrics prior to that date reflect Horizon Quantum Computing Pte. Ltd., while subsequent periods reflect Horizon Quantum Holdings Ltd. The table below summarizes key GAAP financial metrics for Q2 2026 compared with the prior quarter (Q1 2026) and the year-ago quarter (Q2 2025). Financial results and warrant cash infusion. Horizon Quantum's cash position was significantly fortified during the second quarter. The company received $27.5 million in gross proceeds from the exercise of 2.4 million publicly traded warrants (HQWWW) during Q2. Subsequent to quarter-end, as of August 3, 2026, total warrant exercises reached approximately 2.5 million (79% of total outstanding public warrants), bringing cumulative gross proceeds to $28.7 million. This cash inflow elevated total cash and cash equivalents to $113.25 million as of June 30, 2026, up $16.65 million from $96.60 million at the end of Q1 2026. Reported GAAP Net Loss for Q2 2026 was ($115.23) million, or ($2.20) per ordinary share, compared to ($3.56) million in Q1 2026 and ($2.90) million in Q2 2025. This significant loss was primarily driven by a $108.29 million non-cash accounting charge resulting from the mark-to-market fair value remeasurement of warrant-related derivative liabilities, caused by an increase in Horizon's stock price during the quarter. This charge had no impact on cash balances or operations. On a non-GAAP basis, excluding the non-cash derivative adjustment, share-based compensation, and non-recurring public transition costs, the company reported an Adjusted EBITDA loss of ($5.46) million for Q2 2026, compared to ($2.06) million in Q2 2025. Total operating expenses rose to $7.18 million, up 10.5% sequentially from Q1 2026, reflecting expanded R&D headcount and public company compliance infrastructure. Operational highlights: Triple Alpha and Beryllium release. * Beryllium Early Access: At the end of Q2 2026, Horizon released Beryllium - its high-level, object-oriented quantum programming language - to early access users. Designed to enable modern classical software engineering constructs (classes, functions, libraries) within quantum workflows, Beryllium compiles down to Helium (a BASIC-like language) and Hydrogen (assembly language) to abstract away low-level quantum mechanics for developers. * Ember-1 Testbed Open to Users: Horizon's first quantum testbed system, Ember-1 (a superconducting system located at its Singapore headquarters), officially opened to select early users. Integrated directly with Triple Alpha, Ember-1 enables real-time execution of complete quantum programs with pulse- and gate-level access, bypassing latency issues associated with remote cloud execution. * Dublin Testbed Expansion: In June 2026, Horizon announced that its second hardware testbed system - a 256-qubit trapped-ion system purchased from IonQ - will be located at its European headquarters in Dublin, Ireland, giving the company a multi-modality testbed across both solid-state and atom-based architectures. Ecosystem collaborations. * Quantum Machines Partnership: In July 2026, Horizon announced a strategic collaboration with Quantum Machines to co-develop an embedded calibration framework for Ember-1. By integrating lightweight, continuous calibration routines directly into system operation, the companies aim to maximize system uptime and eliminate the need for lengthy full-system calibration halts. Resources and further reading. August 6, 2026
Horizon Quantum and Quantum Machines partner to advance real-time quantum calibration. Software infrastructure developer Horizon Quantum Computing (Nasdaq: HQ) and hybrid quantum-classical control provider Quantum Machines (QM) have announced a strategic collaboration to develop embedded calibration technologies for quantum computing hardware. By integrating Quantum Machines' control systems with Horizon's software architecture, the partnership aims to create lightweight, real-time calibration routines that reduce system downtime and improve operational stability across complex quantum processors. The joint R&D initiative will be implemented on Ember-1, Horizon Quantum's modular superconducting quantum computer testbed. Horizon will leverage Quantum Machines' OPX1000 quantum control platform - a modular orchestration engine designed to harmonize classical and quantum operations - to execute continuous, low-overhead calibration cycles during normal system operation. This embedded approach is designed to replace lengthy, full-system calibration routines that traditionally disrupt hardware availability as qubit counts scale. By maintaining dynamic system calibration without taking the processor offline, the collaboration expects to increase operational uptime for users accessing Ember-1 through Horizon's Triple Alpha integrated development environment (IDE). The embedded calibration framework will also serve as a commercial validation point for Quantum Machines' OPX1000 controller within a deployed superconducting quantum computing environment. July 29, 2026
Quantum Computing stocks worth watching - july 13th. July 13, 2026 Key points. * IonQ, D-Wave Quantum, Quantinuum, Quantum Computing, and Horizon Quantum Computing were highlighted as the quantum computing stocks worth watching, based on MarketBeat's stock screener and recent trading volume. * The article frames quantum computing stocks as speculative, high-volatility investments tied to the future commercial success of quantum technology rather than established near-term earnings power. * Several of the companies are positioning their products and services around cloud access, software tools, and practical applications, such as quantum computers, development platforms, and quantum security solutions. * MarketBeat previews top five stocks to own in August. IonQ, D-Wave Quantum, Quantinuum, Quantum Computing, and Horizon Quantum Computing Pte. are the seven Quantum Computing stocks to watch today, according to MarketBeat's stock screener tool. Quantum computing stocks are shares of publicly traded companies that develop quantum computing hardware, software, or related technologies, as well as companies expected to benefit from advances in the field. For stock market investors, the term usually refers to speculative investments tied to the future commercial success of quantum computing, often involving higher risk and volatility than more established technology stocks. These companies had the highest dollar trading volume of any Quantum Computing stocks within the last several days. IonQ (IONQ). IonQ, Inc. engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. D-Wave Quantum (QBTS). D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. Quantinuum (QNT). Quantum computing is quickly evolving from research to early commercial adoption to address the insatiable need for computing power in the digital age. Even as classical computing continues to advance in energy-efficient performance, the huge computational demands of new applications such as artificial intelligence ("AI") are making it challenging for classical computing to keep pace. Discover more Song Lyrics & Tabs MarketBeat Research Tools Stock Average Calculator Quantum Computing (QUBT). Quantum Computing Inc., an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure. Horizon Quantum Computing Pte. (HQ). dMY Squared Technology Group Inc. is a blank check company. It formed for the purpose to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. dMY Squared Technology Group Inc. is based in LAS VEGAS. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider IonQ, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IonQ wasn't on the list. While IonQ currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Horizon Quantum selects Dublin for 2nd quantum computing testbed. June 11, 2026 Press play to listen to this content DUBLIN and SINGAPORE, June 11, 2026 - Horizon Quantum Holdings Ltd., a pioneer of software infrastructure for quantum applications, today announced that it expects to locate its second quantum computer in Dublin, Ireland. By placing this IonQ 256-qubit system at its European headquarters, Horizon Quantum aims to benefit from Ireland's growing quantum ecosystem, strong university network, and robust talent pool for deep-tech development, both within the country and across the EU. This photo depicts a current trapped ion system from IonQ. The system to be delivered to Horizon will be IonQ's next-generation 256-qubit technology. Horizon Quantum believes the installation of this frontier system will be a significant technology milestone for the nation, positioning Ireland to play an increasingly prominent role in frontier quantum computing. Minister Peter Burke, Department of Enterprise, Tourism and Employment, said: "I welcome Horizon Quantum's decision to locate its second quantum computer testbed in Dublin. This significant investment reinforces Ireland's position at the forefront of advanced technologies and reflects the strength of our growing quantum ecosystem, world-class research base, and highly skilled workforce. The establishment of one of the most advanced commercial quantum systems here is an important milestone that will support innovation, collaboration, and economic growth, while further enhancing Ireland's ambition to be a global hub for cutting-edge technologies. This also aligns with our strategic focus in Silicon Island - Ireland's National Semiconductor Strategy - on harnessing opportunities in rapidly evolving fields, including quantum technologies." IonQ's sixth-generation, chip-based 256-qubit trapped-ion system is anticipated to be among the most sophisticated quantum computers globally. With its expected qubit count and high gate fidelities, the system could be capable of solving some challenging computational problems. By integrating this system with its software infrastructure, Horizon Quantum plans to expand support for trapped-ion systems in its integrated development environment, Triple Alpha, and to enhance the real-time runtime capabilities of its execution stack - furthering the company's mission to unlock broad quantum advantage with its software infrastructure. To oversee the establishment and management of its second quantum system, Horizon Quantum anticipates expanding its Irish-based science and engineering teams and deepening its engagement with Ireland's quantum ecosystem. By anchoring this system and its accompanying high-value operations in Dublin, Horizon Quantum expects to further catalyze this ecosystem through increased involvement with industry, academia, and the local supply chain. "Expanding our hardware testbed to Ireland with the addition of a frontier system is a significant step forward for both our company in our mission to unlock broad quantum advantage and for the country in strengthening its quantum ecosystem," said Horizon Quantum CEO & Founder Dr. Joe Fitzsimons. "We are excited to extend our testbed capabilities to include a trapped-ion system by deploying this state-of-the-art quantum computer in Dublin." In December 2025, Horizon Quantum announced that it had assembled and integrated the first quantum system in its hardware testbed - a multi-vendor superconducting system - at its Singapore headquarters. The expansion of the company's testbed facilities to its European headquarters with a second, technologically distinct system will help further its goal of delivering the most capable hardware-agnostic tools for quantum software development. Michael Lohan, CEO of IDA Ireland, said: "I warmly congratulate Horizon Quantum on this significant investment in Ireland and on selecting Dublin as the location for its second quantum computer testbed. Quantum development is an important strategic priority for IDA Ireland, and this announcement is a strong endorsement of Ireland's growing technology ecosystem, our research capabilities, and the talent available here. Horizon Quantum's decision to invest in Ireland further strengthens our position in frontier technologies and will help support continued innovation and collaboration across the quantum sector. I wish the team every success with this exciting next phase of growth in Ireland." About Horizon Quantum Horizon Quantum [Nasdaq: HQ] is on a mission to unlock broad quantum advantage by building software infrastructure that empowers developers to use quantum computing to solve the world's toughest computational problems. Founded in 2018 by Dr. Fitzsimons, a leading researcher and former professor with more than two decades of experience in quantum computing, Horizon Quantum seeks to bridge the gap between today's quantum hardware and tomorrow's applications through the creation of advanced software development tools. Its integrated development environment, Triple Alpha, enables developers to write sophisticated, hardware-agnostic quantum programs at multiple levels of abstraction. Learn more at www.horizonquantum.com. Scientific breakthroughs are often associated with new algorithms, novel approaches, or more powerful computing systems... A year ago, AWS's Thierry Pellegrino estimated that quantum computing was still four to five... AI is creating a new set of demands for HPC centers. Researchers are no longer... Chemists have a scale problem. It is estimated that chemical space contains as many as... Scientific AI may be advancing rapidly, but its biggest challenge is not capability. It is... Have we reached a point where AI agents can reliably function as scientific collaborators? Can...
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Industries
Hardware
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Growth Equity (Venture Capital)
Total Funding
$144.4M
Headquarters
Singapore, Singapore
Founded
2018
Find jobs on Simplify and start your career today