Financial institutions looking to harness the power of quantum computing just got a boost, as Applied Quantum Software (AQS) announced it has raised $42.0M. The capital will fuel the development of FabriQ, AQS's AI-driven quantum platform tailored for enterprise finance.
FabriQ is designed to help banks, asset managers, hedge funds, and trading firms benchmark and deploy quantum and quantum-inspired solutions. By combining institutional-quality market data, secure workflow infrastructure, and integration with classical and quantum systems, AQS aims to turn complex quantum methods into trusted, usable results for the financial sector.
