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Quantum computing startup Infleqtion names Matthew Kinsella as CEO

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Quantum computing startup Infleqtion has appointed Matthew Kinsella as its new CEO to guide the company’s push into quantum clocks and other products.

Kinsella succeeds Scott Farris, who resigned to focus on quantum industry policy and national security and defense investments. The change has been in the works for about a month, Kinsella said in an interview with VentureBeat.

Kinsella joins the firm from Maverick Capital, where she served as a partner and led investments across the technology industry, including Maverick’s investment in Infleqtion. Kinsella has served on the Infleqtion board of directors since 2018. The company has 250 employees, most of whom are located in Boulder, Colorado.

“We are very pleased to welcome Matt as Infleqtion’s new CEO at such an important time for the company and industry,” Cathy Lego, chairwoman of Infleqtion’s board of directors, said in a statement. “Matt’s extensive knowledge of Infleqtion, coupled with his leadership role in guiding The technology company’s success with product development, revenue expansion and successful growth initiatives will be invaluable as we begin to scale our business and expand into high-growth markets.”

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Kinsella said the board agreed it would minimize disruption to the company if a board member familiar with the company took over as CEO.

“Infleqtion is leading the way as quantum technology moves out of the laboratory and into the commercial realm. I am honored to lead the company through this next critical phase,” said Kinsella. “With our solid foundation, exceptional team, and focus on scalable solutions, we are ready to seize the tremendous potential of quantum technology to revolutionize industries and create a brighter future for everyone. Our expertise in clocks, RF, The focus on computing and quantum-enabled artificial intelligence software presents growing near-term revenue opportunities. We are committed to developing and delivering cutting-edge solutions to our customers.”

Infleqtion’s quantum clocks are extremely accurate—far more than existing atomic clocks—and they can be used in situations where GPS timing is unreliable or unavailable. Quantum sensors can measure tiny changes in the environment and could one day be used to detect objects underwater or underground, or provide navigation information when GPS is disabled or unavailable.

A long road to investment

One of Infleqtion’s Tiqker atomic frequency reference products.

I asked Kinsella how he thought quantum computers would be practical enough to warrant investment.

“Quantum computing work is a capital-intensive work. If you look at what the ion trap mode or the superconducting mode has done, they have raised billions of dollars and invested in their research projects and are making good progress. The improvement in the neutral atom model is significantly less, and I think it’s actually been shown, especially with this statement from Harvard, that it’s a huge leap forward. I think neutral atoms are a capital efficient way to achieve a fault-tolerant quantum computer, which is Why I feel comfortable making these investments here. For that, the rewards are huge.”

Quantum computers, he said, will do what regular computers and classical computers do, but better, and they will do things that classical computers cannot do.

“These are things around simulation, modeling and optimization problems. Using a typical binary gate-based computer, it would take thousands of years to complete these types of calculations,” he said.

While the quantum computing market has been a long time coming and still needs a lot of progress, Kinsella is energized by advances like Microsoft and Quantinuum’s announcement this week that they have access to Quantinuum’s ion trap hardware and Microsoft’s new qubits – The virtualized system was able to run over 14,000 experiments without any errors. This puts them on the path to better fault tolerance.

“This is a very significant advance in the field. This brings us one step closer to fault-tolerant quantum computing. So it sounds like it’s a big step forward,” Kinsella said.

He pointed out that the biggest problem with quantum computing is error rate. Reducing error rates can make machines more useful.


Matthew Kinsella is CEO of Infleqtion

Kinsella spent more than 18 years at Maverick, a public equity and early-stage venture fund. In 2017, he became curious about quantum computing.

“That’s when I started going down the quantum rabbit hole,” he said. “I realize it’s still early days in the quantum journey, especially for computing. I don’t even think you can bet on which paradigm is going to win, or who’s going to get a fault-tolerant, date-based quantum computer.”

He met Dana Anderson, founder of Infleqtion, and learned about the neutral atom model of quantum computing.

“Dana was fascinated by what he had built and the pattern of neutral atoms and the flexibility that neutral atoms have to be able to do well over time to build fault-tolerant quantum computers. But the important thing is that this way to achieve products that are actually usable today,” Kinsella said. “Today we have a real market. Today we are generating real revenue. Everything is based on this neutral atom, which is one of the foundational technologies that Dana invented and pioneered.”

gain confidence

Infleqtion is making quantum technology practical.

Kinsella said it was reassuring that the company was now a truly commercial organization. Revenue is also important as the company has approximately 250 employees. The company is selling products such as quantum clocks to governments — DARPA in the U.S., the Department of Defense, the Department of Energy, Japan, the U.K., Nvidia and others — that need clocks that are many times more precise than atomic clocks.

He believes that these products are quantum computing 1.0, and future products are quantum computing 2.0.

“You can use the sensitivity of quantum technology to measure time in a very accurate way, or to measure gravity or movement or motion,” he said.

When Farris said he was leaving the company, Kinsella thought about the opportunity. (He said the CEO’s departure was not due to trouble; rather, he said Faris saw the need to pursue a new mission).

“I’ve seen a lot of really great companies in my portfolio over the years, and I’ve never felt compelled to leave and join or lead one of them,” Kinsella said. “This is a first, because I’m so excited about this company, this company is so important to the United States, our allies and humanity as a whole. I think the technology that we’re building, whether it’s the ability to record time more granularly, Still, it was really important for something like materials science, so I decided to go all in.”


cold atom source pool

LEGO expressed its gratitude to Farris.

“Under his guidance, the company successfully completed its Series B financing, expanded important technology programs in timing, sensing and information processing, entered new markets and executed several key acquisitions,” Lego said. “As we As we enter the next phase of our company’s development and growth, we are in an excellent position to capitalize on these achievements thanks to Scott.”

Quantum technology is widely recognized as a catalyst for transformative progress around the world. Infleqtion is at the forefront of commercializing quantum hardware and software, providing quantum sensing, communications and computing solutions to industries including finance, defense, energy, healthcare, life sciences and more.

“Infleqtion is a very important company and an industry leader in the development and application of quantum technologies. This is a natural transition point from me to Matt as we prepare to accelerate the commercialization of quantum technologies.” Faris said in a statement the statement said. “Matt is an excellent partner on the board who understands the company very well. I am very proud of the progress we have made and I am extremely grateful to the entire Infleqtion team for their hard work and support.”

The company recently took a deep dive into its five-year quantum computing roadmap and announced multiple new partnerships and customer wins that underscore its progress toward commercializing quantum solutions at scale.

Recent company milestones

Infleqtion’s Atomic Prism.

Motivation from global customers and partners: Infleqtion’s neutral atom platform was selected for Japan’s quantum moonshot mission, and the company was also selected to develop and deliver a quantum computing testbed to the UK’s National Quantum Computing Center (NQCC). Infleqtion is a leading quantum innovator at Defense Cyber ​​Marvel 3 (DCM3), Europe’s premier cyber defense exercise organized by the Army Cyber ​​Association.

Technological Achievements: The company recently announced major milestones in gate fidelity, qubit array scaling, and the development of quantum error correction systems. The achievements mark progress in the company’s goal of delivering fault-tolerant quantum computers within the next five years, paving the way for real commercial advantage.

New product introduction: Infleqtion launches Oqtant, the world’s first quantum matter service, providing breakthrough access to quantum matter for those working on next-generation quantum applications. The company recently released a five-year product roadmap.

In November 2022, Infleqtion raised $110 million in Series B funding. Backers include LCP Quantum (which led the Series B round), In-Q-Tel, Sumitomo Corporation of Americas, Breakthrough Victoria, BOKA Group Holdings, Foundry Group, Global Frontier Investments and Maverick Ventures.

Looking to the future

Transformed Desqmot products.

He said this was not a story to save investors because “this company is firing on all cylinders,” Kinsella said.

The company will begin high-volume production of these products this year and will also find new commercial applications.

One such application is to provide alternative navigation information when we lose our GPS navigation system.

“The next phase of growth is what I was brought in to help achieve,” he said.

The company has a healthy cash balance and is not currently raising capital. Funding will be raised in the future, Kinsella said.

“If you look at any other quantum company, as far as I know, they are making a bet on whether they will develop a fault-tolerant quantum computer, which is an interesting bet,” Kinsella said. “We are making that bet as well. But we There are a lot of really interesting other ways to monetize, and that’s what I’ve always loved so much about Infleqtion. We want to make this the holy grail of quantum computers, but we have an amazing 24/7 market, sensing and RF antenna markets that are It’s a real marketplace that offers strong products to consumers.”

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