Tech Transfer eNews Blog

UChicago quantum software spinout acquired by ColdQuanta

By David Schwartz
Published: May 18th, 2022

A University of Chicago quantum software spinout that emerged from the university’s Duality quantum accelerator in it very first cohort has been acquired by a global quantum ecosystem leader, ColdQuanta.

The start-up,, is embedded in Argonne National Laboratory’s Chain Reaction Innovations program and has been incubated by Duality, the first accelerator dedicated exclusively to supporting quantum start-ups, operated by the Chicago Quantum Exchange and UChicago’s Polsky Center.

On the heels of the deal, ColdQuanta is establishing a Chicago-based office that will draw on the talent and innovation from the university and the city’s robust start-up ecosystem.’s full team will remain post-acquisition, including CEO Pranav Gokhale, PhD, and Chief Scientist Fred Chong, who will lead the Chicago office as vice president of quantum software and chief scientist of quantum software, respectively.

“Becoming part of ColdQuanta is incredibly exciting because’s strength is building software that is tailored to the physics of quantum technologies, and ColdQuanta gives us intimate access to a range of computing, sensing, and communication technologies,” said Chong, a professor in UChicago’s Department of Computer Science. “Together, we will create the most effective quantum systems across a range of applications in the quantum industry.”

According to Gokhale, the start-up’s team will continue to develop its quantum software platforms, SuperstaQ and SupermarQ, “but now with the backing, expertise, and resources of ColdQuanta.” has generated plenty of buzz as well as backing, having been awarded millions of dollars in federal research funding. Major organizations, including Fortune 500 companies and national research labs, already rely on its software as part of their strategic quantum initiatives.

“The quantum industry is experiencing tremendous growth as hardware and software solutions begin to take root in the real world,” said ColdQuanta CEO Scott Faris. “Since its launch, has been recognized as an innovator in quantum software and benchmarking. The combination of’s software applications and algorithms and ColdQuanta’s ground-breaking quantum computer, Hilbert, will enable customers to accelerate time to value.”

Source: Polsky

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