Unveiling the first fully integrated and complete Quantum Monte Carlo Integration Engine
˰ Scientists have created a full Quantum Monte Carlo Integration (QMCI) engine – with some evidence of quantum advantage
Cambridge, UK, September 12th, 2023 — ˰, the world’s leading integrated quantum computing company has published full details of their complete Quantum Monte Carlo Integration (QMCI) engine. QMCI applies to problems that have no analytic solution, such as pricing financial derivatives or simulating the results of high-energy particle physics experiments and promises computational advances across business, energy, supply chain logistics and other sectors.
The QMCI tool, utilizing advanced quantum algorithms, will allow quantum computers to perform estimations more efficiently and accurately than equivalent classical tools, inferring an early-stage quantum advantage in areas such as derivative pricing, portfolio risk calculations and regulatory reporting. A white paper supporting the new tool reveals that QMCI benefits from a computational complexity advantage over classical MCI, and suggests the engine has the potential to provide quantum usefulness in its current form.
The white paper, , has been made available on arXiv, detailing, among other items, “the enhanced P-builder”, a tool for constructing quantum circuits representing commonplace computational methods used in finance. The white paper also proposes how users of the new tool could obtain quantum advantage without compromising statistical robustness in the ensuing estimates.
Ilyas Khan, Chief Product Officer of ˰ said “˰’s end-to-end QMCI engine – the first ever complete quantum solution, offers the prospect of an immediate boost to the productivity of users in at least two sectors: banking and financial institutions, and scientists who expect quantum computers to help them process the vast amounts of data generated in experimental fields such as high energy physics. Our QMCI engine is the culmination of years of work by our algorithms team, and highlights just how quantum computers will offer practical utility. Our modular approach also ‘future-proofs’ the engine as quantum computing hardware advances."
The engine has four modules - loading probability distributions and random processes as quantum circuits; programing a wide variety of financial calculations; programming different statistical quantities (e.g. mean, variance and others); and the estimation of quantum amplitude, which is the core source of computational advantage in QMCI. The engine features a resource mode, which precisely quantifies the exact quantum and classical resources needed for user-specified calculations – a feature which is essential for predicting when particular applications will enjoy quantum advantage. Thus, the paper reveals a direct line of sight to quantum advantage and concludes users will achieve useful benefits sooner still.
Dr. Steven Herbert said: “The QMCI engine taps into rapidly growing demand for tools that help global organizations in finance and other sectors explore and evaluate their route towards quantum advantage. Classical Monte Carlo integration is the preferred method in a range of computational areas where analytic solutions are unavailable and it is widely recognized that these methods will benefit from a quantum advantage. By taking a modular approach, we will equip those scientific and financial professionals with a platform that supports them flexibly through rapid technological advances in the years to come.”
The new white paper sets out the areas that stand to benefit from the development of QMCI, beyond finance, including achieving efficiencies in supply chain and logistics, energy production and transmission, and data-intensive fields of science such as solving the high-dimensional integrals in high-energy physics. It concludes that use cases such as estimation and forecasting can benefit from the new QMCI engine in its current form.
Banks and financial institutions are expected to increase investment in quantum computing capabilities from , growing at a 10-year CAGR of 72%.
About ˰
˰ is the world’s largest integrated standalone quantum computing company, formed by the combination of Honeywell Quantum Solutions’ world-leading hardware and Cambridge Quantum’s class-leading middleware and applications. Science-led and enterprise-driven, ˰ accelerates quantum computing and the development of applications across chemistry, cybersecurity, finance and optimization. Its focus is to create scalable and commercial quantum solutions to solve the world’s most pressing problems in fields such as energy, logistics, climate change, and health. The company employs over 480 individuals, including 350+ scientists and engineers, at eight sites across the United States, Europe, and Japan. For more information, please visit .
The Honeywell trademark is used under license from Honeywell International Inc. Honeywell makes no representations or warranties with respect to this service.
About ˰
˰, the world’s largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. ˰’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, ˰ leads the quantum computing revolution across continents.
BROOMFIELD, Colo., July 27, 2026 /PRNewswire/ -- ˰ Inc. (Nasdaq: QNT) ("˰") today announced it will release its financial results for the second quarter (ending on June 30, 2026) after market close on August 11, 2026.
˰ will host a conference call at 5:00 PM Eastern time that same day to discuss its financial results. The call will be available through a live webcast .
An archived replay of the webcast will be made available on the ˰ Investor Relations following the call and will remain available for one year.
About ˰
˰ is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry's highest accuracy levels based on average two-qubit gate fidelity as of December 31, 2025. ˰ has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. ˰'s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore.
Media & Investor Contact
Longacre Square Partners and Shub Mukherjee
Broomfield, CO July 22, 2026 — ˰, Inc. (NASDAQ:QNT), a leading quantum computing company, today announced the recent appointments of Robin Schulman as Chief Legal Officer (CLO) and ˰ Secretary, effective July 13, 2026, and Rory O’Byrne as Chief People Officer (CPO), effective May 26, 2026. Ms. Schulman and Mr. O’Byrne both report to ˰’s President and CEO Rajeeb Hazra.
“As ˰ enters an exciting new chapter as a publicly listed company, we are pleased to welcome Robin and Rory to our leadership team," said Dr. Rajeeb Hazra, President and CEO of ˰. “Both Robin and Rory are highly accomplished leaders who bring deep experience guiding technology companies through periods of transformation. Their proven track records of building high-performing organizations and world-class functions will provide an invaluable benefit to ˰ as we continue to scale our business and the commercialization of quantum computing accelerates.”
Ms. Schulman joins ˰ with more than two decades of legal and executive leadership experience guiding high-growth technology companies through periods of rapid expansion, strategic transformation, and public company evolution, with a track record of translating strategy into execution and building the foundations for sustainable growth. Most recently, Ms. Schulman served as Chief Legal Officer and Head of Corporate Affairs at GitLab, where she spent nearly seven years leading the company's global legal, compliance, policy, competition, intellectual property, corporate development, sustainability and privacy strategy. Prior to that, she was the Chief Legal Officer at Couchbase and New Relic and held senior leadership positions at Adobe Inc.
"˰ sits at a fascinating intersection of groundbreaking science and real-world commercial impact, and I could not be more excited to join the team at this important moment in the company’s journey,” said Robin Schulman, Chief Legal Officer and ˰ Secretary of ˰. “I look forward to partnering with Raj, our Board, and the leadership team to build a durable foundation that supports ˰’s continued growth and long-term success.”
Mr. O’Byrne brings more than 25 years of global human resources experience leading public and private equity-backed organizations across the technology, energy, mining, and industrial sectors. Most recently, Mr. O’Byrne served as Chief People Officer for Advanced Energy, where he led the company’s human resources team during a period of integration, transformation, and operational expansion. Prior to that, he served as Chief Human Resources Officer for Jonah Energy LLC and Senior Vice President, Global Human Resources at MRC Global.
"I'm thrilled to be joining ˰ at such a pivotal moment for the company and for quantum computing more broadly," said Rory O'Byrne, Chief People Officer of ˰. "Having spent my career helping organizations scale through periods of rapid growth, I'm excited to build the people, culture, and infrastructure that will support ˰'s next chapter as a public company. It's a rare opportunity to help shape an organization at the forefront of a technology that will define the coming decades."
About ˰
˰ is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.1 ˰ has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. ˰’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.
For more information, please visit www.quantinuum.com
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for ˰ to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, ˰ does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
1 As of December 31, 2025.
- The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to ˰’s hardware roadmap.
- The paper provides a framework for assessing how advances in quantum hardware and algorithms could affect when practical industrial applications become feasible.
- SoftBank Corp. and ˰ will use the roadmap to inform their exploration of future quantum AI data center services and related business models.
TOKYO and BROOMFIELD, Colo. – ˰ (NASDAQ: QNT) and SoftBank Corp. ("SoftBank") today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against ˰’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.
Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the ˰ and SoftBank partnership announced last year.
“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at ˰. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”
“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”
The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.
The full white paper is available to download on the and ˰ websites.
About SoftBank Corp.
Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit
About ˰
˰ (NASDAQ: QNT) is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.1 ˰ has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. ˰’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.
For more information, please visit www.quantinuum.com.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for ˰ to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, ˰ does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
1 As of December 31, 2025.