Dynex unveils 10-Year roadmap to target 25% quantum computing market share by 2034

October 15, 2024
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Dynex unveils 10-Year roadmap to target 25% quantum computing market share by 2034

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Dynex, a leading provider of quantum computing solutions, has announced its 10-year roadmap, outlining the company's transition from emulated quantum computing to silicon quantum chips.

The strategy positions Dynex at the forefront of the quantum industry, aiming to capture a 25% quantum computing market share by 2034.

In parallel, Dynex has also kicked off a $50 million venture capital round to fuel its growth, targeting strategic top-tier industry players and leading venture capitalists.

On Monday at the Future Blockchain Summit, Dynex’s leadership presented their vision for scaling quantum technologies at Web3 Fest in Dubai.

From its proprietary DynexSolve algorithm - which has delivered efficient, decentralized quantum computations using GPUs - Dynex is now also making a pioneering leap into Silicon Quantum Chips, which will redefine the dynamics of quantum computing performance and reshape the competitive surroundings across all industries where Dynex will take on a leading role.

"The future of computing is quantum-centric," said Daniela Herrmann, co-founder of Dynex.

"Our 10-year roadmap is not just about advancing our emulation technology but also about transitioning to a quantum chip ecosystem that will transform how industries tackle complex problems at scale. This roadmap, coupled with our $50 million capital infusion, positions Dynex to lead the global quantum computing market."

"Ethical integrity is at the heart of everything we do," Herrmann emphasized. "Our blockchain-backed Quantum-as-a-Serivce ensures that all computations are secure and transparent, maintaining the highest ethical standards across our decentralized infrastructure."

To support its ambitious growth plan, Dynex is launching a $50 million venture capital round, with the goal of attracting strategic high-profile investors from both the technology and finance sectors. This round focuses on equity investments, allowing top-tier venture firms and industry partners to invest directly in Dynex’s vision.

"This is a key moment for us," said Carsten Snedker, Global Head of Business Development at Dynex.

"The $50 million equity round will not only fund our technical expansion but will also help us establish strategic partnerships with key industry players, further positioning Dynex as a market leader in quantum computing."

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