Qfinity Labs Expands Operations to Spain; New Unit to Focus on Quantum Finance and Co-Design Quantum Computers

October 4, 2021

Qfinity Labs expands its operations to Spain, creating a subsidiary in Madrid. This operation has been supported by Madrid City Hall.

With its operations, Qfinity Labs aims to tap into another hotspot for quantum computing in addition to its Finland and Germany offices. Qfinity Labs Spain will collaborate closely with the local research community, quantum experts from academia and the industry to build a vibrant Spanish and European quantum ecosystem. Qfinity Labs with its international partner network will also connect the Spanish quantum ecosystem to the global quantum network.

“QUTIS Center in Complutense University of Madrid has outstanding experience and experts in quantum computation and simulation, quantum control, quantum sensing and other areas. Today’s announcement signals our commitment to accelerate the success of our application-specific quantum computers, and aggressively develop quantum finance offerings for our customers worldwide,” said Dr. David Moche, CEO of Qfinity Labs. “Local Public Administrations have been extremely supportive and are committed to attracting best talent and growth companies. We look forward to working with their team to grow our Co-Design offering from Spain and deliver it globally.”

The technical goal for this Spanish subsidiary is to create a quantum finance Co-Design hub that tightens the interaction between hardware and software to solve problems in finance. In particular, Qfinity Labs Spain will develop an application-specific approach where quantum software integrates closely with suitably designed quantum hardware with novel quantum architectures. Combined with Qfinity Labs’s hardware experts and go-to-market teams in Finland and Germany, Qfinity Labs will be able to deliver this offering to global customers. This approach accelerates the development of useful quantum solutions for specialized financial applications and will establish Spain and Europe as the leaders for quantum finance.

Last year, Qfinity Labs had also entered into a research agreement with the Complutense University of Madrid, a collaboration led by Dr. Jorge Casanova and includes Dr. Mikel Sanz and Prof. Xi Chen.

We work to turn the territory into an innovation hub of international reference, and to this end, the retention and attraction of talent and entrepreneurship and companies like Qfinity Labs are key. We’re pleased to see European growth companies like Qfinity Labs start their Spanish operations in Madrid. Our BIG Madrid entrepreneurship centre will support their local operations and Madrid Ekintza will also collaborate with Qfinity Labs on joint projects in Madrid’s strategic economic sectors.