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Kipu Quantum Acquires Quantum Computing Platform Built by Anaqor AG to Accelerate Development of Industrially Relevant Quantum Solutions

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KARLSRUHE, Germany, July 11, 2024 /PRNewswire/ — Kipu Quantum, the worldwide leading quantum software company, announced today the strategic acquisition of PlanQK, the German quantum computing platform successfully built and commercialized by Anaqor AG. Along with its platform, key members of its team of experts joined Kipu Quantum to lead the way in making useful quantum computing accessible to organizations of all sizes, including industrial, academic, and governmental ones. This shrewd move follows Kipu Quantum’s successful €11.4 million second closing of the seed funding round led by HV Capital and DTCF in late 2023.

 

The well-established and industry-recognized PlanQK platform with a constantly growing quantum ecosystem of more than 100 organizations enhances accessibility to quantum computing across various sectors, serving a broad range of users from leading companies such as BASF, DB Systel GmbH, T-LABS and TRUMPF.

The acquisition will drastically accelerate the commercialization of Kipu’s application- and hardware-specific algorithms, as services through the PlanQK platform, enabling frictionless access for organizations to integrate quantum solutions into their existing processes.

Combining their strengths, Kipu Quantum and the PlanQK team are set to greatly enhance quantum computing accessibility across various industries, including pharmaceuticals, chemicals, logistics, and finance, accelerating these sectors towards achieving quantum advantage.

 

Strategic Integration for Accelerated Growth

Kipu Quantum’s CEO, Daniel Volz, stated, “Kipu Quantum’s massively compressed algorithms enable the use of today’s quantum processors across multiple industries to solve industrially sized problems, without waiting a decade for massive quantum computers. Our work with customers such as BASF, DLR, and MasOrange has demonstrated that this is feasible. Making our world-leading algorithm services accessible through the PlanQK platform will make our capabilities available to a much wider audience.”

Michael Falkenthal, lead architect of the PlanQK platform stated, “By merging our deep technical expertise and strengths with Kipu Quantum, we aim to deliver unparalleled value and accelerate access to quantum computing capabilities sooner than anticipated. PlanQK will remain an open, community-driven platform, enhanced by our partnerships and research initiatives to support all quantum innovators. Together, we will facilitate seamless integration of quantum solutions into existing organizational processes, significantly broadening the reach and application of advanced quantum technologies.”

Enrique Solano, co-founder and Chief Visionary Officer of Kipu Quantum emphasized, “We are delighted to welcome the elite team of PlanQK, bolstering our capabilities. We share the mission to achieve a first demonstration of quantum advantage. We appreciate the unique qualities and talents our new colleagues bring to achieve this mission by 2026. Together, we are here to make history and make useful quantum computing as soon as possible.”

Era of Useful Quantum Computing

Alexandra Beckstein, CEO and co-founder of QAI Ventures, whose Swiss-based accelerator program KIPU graduated in 2023, commented, “We highly appreciate the strategic move in acquiring the PlanQK platform. This confirms Kipu’s commitment to the era of useful quantum computing and positions the company as a frontrunner. Their innovative methods will enhance the ability to deliver high-impact quantum solutions and drive significant advancements in complex real-life computational processes. We will continue to support their journey towards business-relevant quantum computing.”

 

About Kipu

Kipu Quantum is a German company that operates at the intersection of quantum computer hardware and application software layers, developing disruptive application- and hardware-specific quantum algorithms for a wide range of industries. These algorithms are based on a one-of-a-kind compression technology that requires orders of magnitude less quantum processor resources to solve a given problem than comparable approaches. Kipu Quantum’s technology has the potential to solve industry-relevant problems in the order of 1,000 physical qubits and is compatible with any leading quantum hardware. The company is currently testing its technology with customers in the pharmaceutical, chemical, logistics and financial industries.

About PlanQK

PlanQK is the first open community-powered platform and ecosystem for quantum applications, connecting developers, industrial users, researchers, and quantum hardware providers with a platform for the integration, deployment, development, and monetization of quantum services. With over 30 successfully tested use cases and more than 100 partners, PlanQK, is a pioneer in the field of quantum platforms. Initiated in 2019 and supported through a research grant by the German Federal Ministry of Economic Affairs and Climate Affairs it has been continuously developed in collaboration with leading universities and companies.

Press contact:
Joanna Folberth
joanna.folberth@kipu-quantum.com
+49 1523 4621 156

www.kipu-quantum.com

www.planqk.de

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View original content:https://www.prnewswire.co.uk/news-releases/kipu-quantum-acquires-quantum-computing-platform-built-by-anaqor-ag-to-accelerate-development-of-industrially-relevant-quantum-solutions-302194071.html

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RADCOM to Report Fourth Quarter and Full Year 2024 Results on February 12, 2025

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Management to hold a conference call on the same day at 8:00 AM ET

TEL AVIV, Israel, Jan. 15, 2025 /PRNewswire/ — RADCOM Ltd. (Nasdaq: RDCM) announced today that it will report its financial results for the fourth quarter and full year 2024, which ended December 31, 2024, on Wednesday, 12, February 2025, before the opening of trade on the Nasdaq Stock Market.

RADCOM’s management will hold an interactive conference call on the same day at 8:00 AM Eastern Time (3:00 PM Israel Standard Time) to discuss the results and answer participants’ questions.

A live webcast of the presentation will be available at https://Veidan.activetrail.biz/radcomq4-2024. The webcast will be archived for 90 days following the live presentation.

To join the interactive call, please call one of the following numbers approximately five minutes before the call is scheduled to begin:

From the US (toll-free): +1-866-652-8972
From other locations: +972-3-9180644

A conference call replay will be available the same day on the Company’s investor relations website, www.radcom.com/investor-relations.

For all investor inquiries, please contact:

Investor Relations:
Miri Segal
MS-IR LLC
msegal@ms-ir.com

Company Contact:
Hadar Rahav
CFO
+972-77-7745062
hadar.rahav@radcom.com 

About RADCOM

RADCOM (Nasdaq: RDCM) is the leading expert in 5G ready cloud-native, network intelligence solutions for telecom operators transitioning to 5G. RADCOM Network Intelligence consists of RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights. The RADCOM Network Intelligence suite offers intelligent, container-based, on-demand solutions to deliver network analysis from the RAN to the core for 5G assurance. Utilizing automated and dynamic solutions with smart minimal data collection and on-demand troubleshooting and cutting-edge techniques based on machine learning, these solutions work in harmony to provide operators with an understanding of the entire customer experience and allow them to troubleshoot network performance from a high to granular level while reducing storage costs and cloud resource utilization. For more information on how to RADCOMize your network today, please visit www.radcom.com, the content of which does not form a part of this press release.

View original content:https://www.prnewswire.com/news-releases/radcom-to-report-fourth-quarter-and-full-year-2024-results-on-february-12-2025-302351552.html

SOURCE Radcom

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NJFX Welcomes Multinational Bank to Ecosystem Advancing Cloud and AI Connectivity

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WALL TOWNSHIP, N.J., Jan. 15, 2025 /PRNewswire/ — NJFX, the Tier 3 carrier-neutral cable landing station and colocation campus is thrilled to welcome another major multinational bank into its robust ecosystem. This new partnership underscores NJFX’s pivotal role in facilitating secure, efficient, and resilient network strategies for financial organizations.

The latest addition to the NJFX ecosystem represents a leading European financial institution with over 160 years of heritage and a presence spanning 65 countries. The bank’s expertise in Private Banking, Insurance, Global Banking and Investor Solutions, and International Retail, Mobility, and Leasing Services positions it as a critical player in the global economy. Leveraging NJFX’s unique infrastructure, the bank aims to enhance its private and public cloud connectivity and explore advanced AI applications, setting a benchmark for innovation and resilience.

NJFX’s Wall, New Jersey campus is the hub where leading global cloud operators interconnect with transatlantic subsea cables linking Europe, South America, and the Caribbean. By joining NJFX’s, the bank secures unprecedented access to diverse, carrier-neutral pathways, ensuring a “never down” approach to its global operations. NJFX’s ecosystem offers an unique connectivity model guaranteeing transparency and true diversity, aligning with the stringent requirements of the financial market.

“Our ecosystem has always been a cornerstone for industries requiring unparalleled network reliability and global reach,” said Gil Santaliz, Founder and CEO of NJFX. “Welcoming this esteemed financial institution further validates our vision to provide transformative infrastructure that supports not just today’s needs but also tomorrow’s advancements in AI and cloud technologies.”

The collaboration exemplifies NJFX’s commitment to serving the financial sector with cutting-edge connectivity solutions. As NJFX continues to expand its global footprint, this partnership highlights its role in bridging continents and fostering innovation.

About NJFX
NJFX owns and operates a Tier 3 Connectivity Hub offering data center, colocation, and CLS services in Wall, New Jersey. Hosting over 35 global and US operators providing direct transatlantic connectivity to Europe, South America, and the Caribbean. NJFX offers high and low-density colocation solutions with 24/7 support. NJFX provides a carrier-neutral marketplace to operators, content providers, enterprise, financial, and government entities who need network reliability, security, and scalability. The NJFX facility enables diverse connectivity options and ensures cost efficiency by offering direct interconnection without recurring cross-connect fees.

For media inquiries, please contact:
Emily Newman – Director of Marketing
emily@njfx.net

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SOURCE NJFX

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GSV Announces the 2025 GSV Cup 50

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CHICAGO and NEW YORK and SAN FRANCISCO, Jan. 15, 2025 /PRNewswire/ — The GSV Cup, presented by Amazon Web Services (AWS) and GSV Ventures, is proud to unveil the 50 most innovative digital learning and workforce skills startups that are poised to revolutionize “PreK to Gray” learning in 2025 and beyond. 

The world’s most innovative digital learning and workforce skills startups.

With the most nominations in GSV Cup history, 1,900+ nominations were evaluated using GSV’s “Five P’s” framework—People, Product, Potential, Predictability, and Purpose—to select the top 50 pre-seed and seed-stage startups advancing innovation across early childhood, K-12, higher education, workforce learning, and adult consumer learning. 

“Startups are the lifeblood of the ASU+GSV community,” said Deborah Quazzo, Managing Partner of GSV Ventures and Co-founder of the ASU+GSV Summit. “The GSV Cup 50 are the brightest stars of tomorrow, enabling Learning at the Speed of Light for educators, workforce leaders, and learners everywhere. We’re proud to recognize these early-stage innovators as they revolutionize learning in the age of AI.” 

The 2025 GSV Cup 50 are Amigo, Atypical AI, Avoca, Axio AI, Bloom App, Boddle, BrightBee, Brisk Teaching, Careerflow.ai, Cerebry, Class Companion, Coconote, Doowii, Ed Machina, Eddi, Ednition, Emversity, Fizz, Flint, Gizmo, Glasp, GrowthSchool, Heeyo, Hoogly, Kollegio, Lightscreen Ai, Ludenso, Lyssn, Masters’ Union, Mentava, Mesa School, mytalents.ai, OutSmart College, Paloma, Praxis AI, Puzzicle, Quizard AI, SchoolAI, Schoolytics, SigIQ, Sizzle AI, Skillfully, Snorkl, Solvely.ai, Stimuler, TAP, Toko, Unriddle, Upsmith, and Woolf.

Of the 50, 78% are US-based, with additional representation from India, Singapore, Norway, Austria, and Australia. The GSV Cup 50 will showcase their innovations at the 16th Annual ASU+GSV Summit, April 6-9, in San Diego, CA.

Learn more here

ABOUT ASU+GSV
Founded in 2011, GSV is a global platform driving education and workforce skills innovation. We believe ALL people deserve equal access to the future and that scaled innovations in “PreK to Gray” learning and skills are crucial to achieving this goal. The GSV platform includes the ASU+GSV Summit, hosted annually in San Diego with 7,000+ attendees; the third annual India-based ASU+GSV & Emeritus Summit; and The AI Show @ ASU+GSV, an immersive exploration of the AI Revolution in education, which welcomed 10,000+ attendees in 2024. GSV Ventures, founded in 2015, is a multi-stage venture fund investing in the most transformational companies across the global “PreK to Gray” landscape.

View original content:https://www.prnewswire.com/news-releases/gsv-announces-the-2025-gsv-cup-50-302351418.html

SOURCE ASU+GSV Summit

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