Accenture invests in quantum computing startup 1QBit
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Accenture invests in quantum computing startup 1QBit.
Accenture's venture arm has made an undisclosed investment in quantum computing startup 1QBit. The minority stake is part of 1QBit's $45 million Series D round led by Fujitsu Limited.
Based in Vancouver, British Columbia, 1QBit employs a team of more than 50 researchers and software developers working to develop machine learning algorithms and software for quantum computing.
The startup says it works with clients "facing computationally intensive problems" across the life sciences, energy and finance industries, including DowDuPont and Biogen.
Accenture said its investment will help the company expand its ongoing work in quantum computing analytics.
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Accenture invests in quantum computing startup 1QBit