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- The Quantum State – May 2026
The Quantum State – May 2026
A monthly newsletter by BTQ Technologies
Anastasia Marchenkova
May 07, 2026
The U.S. Congress moves quantum reauthorization bill (H.R.8462 – National Quantum Initiative Reauthorization Act) to key committee stage, marking a procedural step that could shape federal investment and coordination in the sector.”
April saw a continuation of the decisive shift of quantum technology from lab-based research to industrial deployment across policy, infrastructure, and commercial ecosystems. The U.S. Congress has moved the National Quantum Initiative Reauthorization Act (H.R.8462) to the key committee stage, marking a significant stage that could shape federal investment and coordination in the sector.
Also, the quantum industry is attracting more investments for the development of new and existing quantum technologies and infrastructure. Sygaldry raises $139 million to build quantum computers for AI, Q-Factor raises $24 million in seed funding to develop a neutral atom quantum computing architecture, Cerca Magnetics secures £3.8m ($4.75 million) in Series A funding to scale quantum brain scanner, and Qoro secures $750k to build the software stack uniting quantum and classical computing. In addition, the Coinbase Advisory Board stated that the quantum computing threat is on the horizon and that the blockchain industry needs to migrate to quantum-resistant security now.
On the commercial side, BTQ Technologies announced a strategic partnership with Daou Data to advance hardware-rooted post-quantum security for Korea's payment infrastructure, QAI Ventures and QCentroid entered a collaboration to put quantum computing to work for industry, Infleqtion and NASA are partnering to deliver next-generation quantum capabilities to the International Space Station, and Finland and Australia are looking to join forces on quantum technologies.
April maintained the momentum in investments, partnerships, and the development of new quantum technologies, and their deployment outside research laboratories for commercial and industrial applications.
BTQ Technologies Advances Quantum Reliability at Scale with First General Theory of Error Correction for Permutation-Invariant Codes
BTQ Technologies Corp. have highlighted a new collaborative research led through the work of Chief Quantum Officer Dr Gavin K. Brennen alongside Dr Ouyang in a paper titled A theory of quantum error correction for permutation-invariant codes, where the authors present what they describe as the first general theory of error correction for permutation-invariant, or PI, codes.
The research, conducted as new work from BTQ and Macquarie University with Yingkai Ouyang at the University of Sheffield, reinforces BTQ's direct role in foundational quantum research and underscores its active involvement in advancing core scientific frameworks that may support more resilient next-generation quantum systems.
In simple terms, this research addresses one of the biggest obstacles in quantum computing: maintaining the accuracy and reliability of quantum systems as they scale. By advancing new methods for correcting errors more efficiently, BTQ is contributing to the foundational infrastructure required to move quantum technology from theory toward practical, real-world use.
BTQ Technologies Partners with Daou Data to Advance Hardware-Rooted Post-Quantum Security for Korea's Payment Infrastructure
BTQ Technologies Corp., a global quantum technology company focused on securing mission-critical networks, has announced a strategic collaboration with Daou Data Corp., one of Korea's leading IT and payment infrastructure companies, to advance hardware-rooted post-quantum security for Korea's electronic payment systems.
Under the collaboration, BTQ will contribute its expertise in post-quantum security architecture, hardware-rooted trust frameworks, and deployment design for long-life institutional systems. Daou Data will explore deployment pathways across its payment and enterprise infrastructure, with an initial focus on reinforcing the security foundations of its PG and VAN environments.
Keypair will support the initiative’s implementation, building on BTQ's previously announced strategic investment and co-development relationship focused on hardware-rooted security technologies for Korea's critical infrastructure.
Quantum Infrastructure & Investment
 Sygaldry Raises $139 Million to Build Quantum Computers for AISygaldry Technologies Inc. announced it has raised $139 million in Series A and seed financing rounds to develop quantum-accelerated AI servers, aiming to exponentially speed up critical AI algorithms and reduce the cost and power needed to train and operate increasingly large models. The company’s approach integrates quantum hardware with classical infrastructure to accelerate AI training and inference while reducing power consumption and cost. |  Q-Factor Emerges from Stealth With $24 Million and Backing from Intel Capital to Build Million-qubit Quantum ComputerQ-Factor, a neutral atom quantum computing company, announced it has raised $24 million in seed funding to develop a neutral atom quantum computing architecture that follows a Moore's Law-like trajectory, designed to address a central industry limitation—scaling beyond a few thousand qubits—to potentially millions of qubits. |
 Cerca Magnetics Secures £3.8m in Series A Funding to Scale Quantum Brain ScannerCerca Magnetics, a spinout of the University of Nottingham School of Physics and Astronomy, developing a wearable brain scanner that uses quantum sensors to measure neural activity with high precision, has raised £3.8 million ($4.75 million) in Series A funding to support clinical approval, manufacturing scale-up, and international expansion. |  Qoro Secures $750k to Build the Software Stack Uniting Quantum and Classical ComputeQoro has announced the close of its pre-seed funding round, securing $750,000 USD to build the missing software layer for hybrid quantum-classical computing. The company’s platform reduces hybrid system integration from roughly 150,000 lines of custom code to about 20 lines, cutting deployment timelines from months to weeks. |
Quantum in Industry
QAI Ventures and QCentroid Partner to Put Quantum Computing to Work for Industry
QAI Ventures and QCentroid have formed a strategic partnership to make quantum computing tangible, accessible, and actionable for industry. By combining QAI Ventures’ global ecosystem with QCentroid’s enterprise quantum platform, the two organisations are giving industry leaders the tools, expertise, and infrastructure to move from quantum curiosity to quantum results.
With QAI Venture’s Global Industry Clusters cutting across finance, life sciences, industrials, and networks & communication, Industry Cluster members will have access to three integrated offerings:
Sandbox environment: Let organizations explore real quantum use cases in their own industry context
Structured readiness programs: Take leadership teams from initial discovery through to a validated, multi-year quantum strategy
End-to-end proof-of-concept delivery: Take organizations from a defined use case all the way to a working implementation, production roadmap, and knowledge transfer
The partnership aims to bridge the gap between quantum research and real-world deployment by enabling organizations to develop practical, sector-specific use cases.
Infleqtion and NASA Deliver Next-Generation Quantum Capabilities to International Space Station
Infleqtion, a global leader in quantum computing and quantum sensing powered by neutral-atom technology, is providing upgraded quantum hardware to the International Space Station (ISS) via NASA’s Northrop Grumman-24 (NG-24) cargo mission to enhance orbital quantum sensing and ultracold atom experiments.
The upgraded physics package for the Cold Atom Laboratory (CAL), developed in collaboration with NASA’s Jet Propulsion Laboratory (JPL), may enable record-breaking in-orbit atom populations, record ultracold temperatures, and facilitate the creation and study of simultaneous dual-species quantum gases. These advances could unlock new experimental capabilities, with the potential to improve navigation, strengthen Earth monitoring, and support critical infrastructure resilience.
Infleqtion has supported NASA’s CAL program since its early stages and has been active in space-based quantum missions since 2018, contributing to quantum gravity sensing and commercial space initiatives.
Quantum Computing Breakthroughs
 Haiqu and HSBC Demonstrate Scalable Quantum Encoding for Financial ModelsHaiqu, a leading developer of quantum middleware, has announced the publication of a joint research with HSBC in Physical Review Research, demonstrating an efficient approach to encoding real-world probability distributions into quantum circuits, addressing a key bottleneck in quantum computing applications. |  15-Bit ECC Key Broken on Quantum Hardware Wins Q-Day PrizeProject Eleven has awarded the Q-Day Prize, a 1 Bitcoin bounty, to Giancarlo Lelli for breaking a 15-bit elliptic curve (ECC) key on a publicly accessible quantum computer. The result is the largest public demonstration to date of the attack class that threatens Bitcoin, Ethereum, and over $2.5 trillion in ECC-secured digital assets. |
 QuiX Quantum Demonstrates Below-Threshold Error Mitigation in Photonic Quantum Computing for First TimeQuiX Quantum, a leading provider of photonic quantum computing hardware, announced it has demonstrated “below threshold” error mitigation for the first time on a photonic quantum computer, suppressing physical qubit errors to the level compatible with scalable, fault‑tolerant quantum computing. |  Brooklyn-based Pizza Makers Declare Quantum Supremacy in Qulinary BreakthroughAccording to a study published on anXovi, pizza makers from Brooklyn-based Aleesia and Roberto’s Fine Italian Diner and Pizzeria claim to have used a quantum algorithm to design an optimized multi-topping pizza that would take classical computing an impractically long time to replicate. |
Finland and Australia Looking to Join Forces on Quantum Technologies
VTT Technical Research Centre of Finland and Australia's national science agency, CSIRO, are exploring collaboration through VTT’s Quantum Leap project to accelerate the practical implementation and real-world adoption of quantum technologies.
The Quantum Leap project will focus on the practical implementation of quantum computing, including quantum software, error correction and mitigation, and components to make quantum computers more energy-efficient, reliable and scalable.
“…By joining forces with CSIRO, VTT aims to accelerate the development and real-world impact of quantum solutions. Collaboration is key to finding new opportunities.”
— Dr Anu Kärkkäinen, Research Manager at VTT
“Through collaborative opportunities, CSIRO seeks to accelerate implementation and adoption and deliver practical quantum advantage outside the lab.”
— CSIRO’s Dr Anthony Chesman
The collaboration will include global partnerships with universities and companies, research exchanges, and access to VTT’s superconducting quantum systems roadmap, alongside CSIRO’s expertise in translating quantum research into industrial and cross-sector applications.
Quantum Security & Blockchain
 Naoris Protocol Deploys Post-Quantum Mainnet to Secure Global Digital InfrastructureNaoris Protocol has announced that its mainnet is officially live, marking the launch of a post-quantum Layer 1 blockchain built for a world where classical cryptography no longer holds. Naoris’ mainnet launch comes at a critical inflection point for digital infrastructure, as the timeline for quantum disruption rapidly shifts from theoretical to imminent. |  Quip.Network Launches Quantum-classical Blockchain Testnet, Opens Doors to Global Research CommunityPostquant Labs, the developer building Quip.Network, has announced the launch of the first publicly available quantum-classical blockchain testnet, built in consultation with D-Wave Quantum Inc. More than 13,000 people have signed up to participate in the testnet to facilitate research and development in secure, trustworthy distributed quantum computing. |
📊Market Insights
Coinbase Advisory Board Says Quantum Computing Threat is on the Horizon, Crypto Needs a Plan
A new 50-page paper from the Coinbase Advisory Board states that a quantum computer powerful enough to break the cryptography that secures Bitcoin and Ethereum will eventually be built, and that the blockchain industry must begin migrating to quantum-resistant security now.
The Coinbase Independent Advisory Board is a six-member panel that includes some of the most recognized names in cryptography and computer science, including Prof. Scott Aaronson of the University of Texas at Austin, Prof. Dan Boneh of Stanford University, Justin Drake of the Ethereum Foundation, Prof. Sreeram Kannan of Eigen Labs and the University of Washington, Prof. Yehuda Lindell of Coinbase and Bar-Ilan University, and Prof. Dahlia Malkhi of UC Santa Barbara.
According to Coinbase analysts, no one can say when — or even whether — a machine capable of breaking modern encryption will arrive. However, they concluded the 50-page paper by advocating for immediate preparation.
“The board’s view is straightforward: the time to start preparing is now, not when it’s urgent.”
📬 Stay Connected
April kept pace with the momentum of increased investments and partnerships by startups and companies in and outside the quantum industry, and the gradual deployment of quantum technologies for commercial and industrial purposes, while the U.S. Congress has moved the National Quantum Initiative Reauthorization Act (H.R.8462) to the key committee stage, marking a procedural step that could shape federal investment and coordination in the sector. Additionally, the Coinbase Advisory Board has stated that the quantum computing threat is on the horizon and that the blockchain industry needs to migrate to quantum-resistant security now.
Across the board:
More investments are pouring in, with multi-million-dollar funding to fast-track quantum technology development and deployment, and to expand or build new infrastructures.
Strategic partnerships are increasing, from BTQ-Daou Data to QAI Ventures-QCentroid to Infleqtion-NASA.
Quantum technology is being deployed outside research labs, as more quantum applications are integrated into various commercial and industrial workflows.
Contact us at quantumstate@btq.tech
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