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1QBit's Overview

Total employees53
HeadquartersVancouver
Founded2012

1QBit is a pioneering quantum computing software company dedicated to developing algorithms and software solutions for industry's most challenging computational problems. Leveraging both quantum and classical high-performance computing, 1QBit helps organizations explore applications in optimization, simulation, and machine learning across sectors like finance, healthcare, and materials science. In December 2022, 1QBit was acquired by Terra Quantum AG, a leading European quantum technology company, a move designed to integrate 1QBit's software expertise with Terra Quantum's broader quantum offerings, accelerating the development and deployment of practical quantum solutions.

Where is 1QBit's Headquarters?

HQ Function

Serves as the primary center for 1QBit's research, software development, strategic partnerships, and corporate operations.

Notable Features:

Located in a modern office building in downtown Vancouver, providing access to a rich talent pool and fostering collaboration within the local and international tech community. The space is designed to support intensive research and development activities.

Work Culture:

Characterized by a strong emphasis on research, innovation, and collaboration. The environment encourages deep technical problem-solving, intellectual curiosity, and teamwork among experts from diverse scientific fields.

HQ Significance:

The Vancouver HQ is strategically important due to its location in a leading North American tech hub with strong connections to AI, quantum computing research institutions, and a vibrant venture capital scene. This facilitates talent acquisition and industry partnerships.

Values Reflected in HQ: The headquarters' location and setup reflect 1QBit's commitment to innovation, cutting-edge research, and fostering a collaborative environment for tackling complex global challenges.

Location:

As part of Terra Quantum, 1QBit's reach extends globally. While its physical offices are in Canada, its software, expertise, and solutions serve a diverse international clientele across various industries, including finance, pharmaceuticals, energy, and logistics. They engage in global partnerships and collaborations to advance and apply quantum computing technologies worldwide.

Street Address:

300-1095 W Pender St

City:

Vancouver

State/Province:

British Columbia

Country:

Canada

1QBit's Global Presence

Waterloo, Ontario, Canada

Address: Specific street address not broadly publicized; operations are integrated within Waterloo's rich tech and academic environment.

To tap into the exceptional talent pool from local academic institutions and the established quantum technology cluster, driving innovation in quantum software and applications.

Sherbrooke, Quebec, Canada

Address: Specific street address not broadly publicized; operations are connected with Sherbrooke's quantum science institutions.

To engage with Quebec's dynamic quantum ecosystem, contribute to R&D in areas like quantum algorithms and quantum-classical hybrid systems, and foster collaborations with local research groups.

Buying Intent Signals for 1QBit

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of 1QBit

As of April 2025, 1QBit' leadership includes:

Andrew Fursman - Co-founder & CEO
Landon Downs - Co-founder & President
Dominic Marchand - Chief Financial Officer
Deepak Kaushal - Chief Commercial Officer

Investors of 1QBit

1QBit has been backed by several prominent investors over the years, including:

Terra Quantum AG (Acquirer)
Fujitsu
Accenture
Allianz Strategic Investments
Royal Bank of Scotland (RBS) / NatWest Group
CME Ventures
D-Wave Systems

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

Following its acquisition by Terra Quantum in December 2022, specific high-profile executive changes solely within the 1QBit leadership team have not been widely publicized in the last 12 months (May 2023 - May 2024). Any leadership adjustments are likely part of the broader integration strategy with Terra Quantum. No prominent new hires or departures at the 1QBit-specific executive level have been announced during this period.

Technology (Tech Stack) used by 1QBit

Discover the tools 1QBit uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

1QBit Email Formats and Examples

1QBit's common email format typically uses the first initial followed by the last name. While other formats may exist internally, this pattern is the most frequently observed in public communications.

[first_initial][last]@1qbit.com

Format

jdoe@1qbit.com

Example

85%

Success rate

News and media

Quantum Computing Report / Newswire.caDecember 13, 2022

1QBit News: Terra Quantum Acquires 1QBit, the Globally Recognized Leader in Quantum Software

Terra Quantum AG, a leading European quantum technology company, announced its acquisition of 1QBit. This strategic merger combines 1QBit's leading quantum software development capabilities and its extensive library of algorithms with Terra Quantum's hardware-agnostic quantum platform and services, aiming to accelerate the delivery of impactful quantum solutions to a broad range of industries....more

Terra Quantum AGFebruary 7, 2024

1QBit News: Terra Quantum (1QBit's parent company) Launches TQ42 Platform

Terra Quantum, which acquired 1QBit, launched TQ42, a generative AI and quantum solutions platform. This platform allows enterprises to build and deploy custom solutions, leveraging technologies and expertise integrated from 1QBit, particularly in quantum-inspired algorithms and optimization, to tackle complex business problems....more

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