QxBranch
Bringing systems engineering, data analytics, machine learning, quantum computing, and risk analysis to multiple sectors.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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QxBranch, founded in 2014 by Michael Brett, Shaun Wilson, and Paul Guthrie, operated at the intersection of data analytics and the burgeoning field of quantum computing. The company originated as a spin-off from Shoal Group and The Tauri Group, driven by the founders' recognition of quantum computing's potential to revolutionize high-performance predictive analytics. This insight was sparked in 2012 when Wilson and Brett, then designing aerospace simulation software, were introduced to D-Wave's quantum computer by a Lockheed Martin Chief Scientist. Their backgrounds in complex systems, engineering, and technology leadership proved foundational to the company's trajectory.
The firm provided predictive analytics services and quantum computing software development, targeting clients in finance, insurance, and technology. Its business model centered on offering consultancy for quantum solutions and developing software for both quantum and classical computers to tackle complex business challenges like risk analytics and customer behavior analysis. QxBranch developed specialized applications for quantum computers, including tools for machine learning and a quantum computing simulator released in partnership with the Commonwealth Bank of Australia. The company's quantum feature detector (QFD) library became a part of Rigetti's tool suite.
A significant milestone in the company's journey was its acquisition by Rigetti Computing in July 2019 through an all-equity transaction. This move was part of Rigetti's strategy to create a full-stack platform, integrating QxBranch's application-layer expertise with its own hardware. Following the acquisition, CEO Michael Brett became Rigetti's Senior Vice President of Applications, and the QxBranch team was integrated into various software engineering and business development roles to build out software development tools and implement quantum algorithms for customers.
Keywords: QxBranch, quantum computing software, data analytics, predictive analytics, quantum algorithms, machine learning applications, financial analytics, risk analytics, quantum computing simulator, Michael Brett, Shaun Wilson, Paul Guthrie, Rigetti Computing acquisition, Shoal Group, quantum feature detector, quantum applications, computational software, systems engineering