Strangeworks Announces Availability of Consumer Pricing Model for IBM Quantum’s Qiskit Runtime Service





Strangeworks EQ™ customers can now access select IBM Quantum systems through the pay-as-you-go pricing model for Qiskit Runtime.

Strangeworks logo

Strangeworks logo

Strangeworks logo

AUSTIN, Texas, Apr. 12, 2022 (GLOBE NEWSWIRE) — Strangeworks, the leading Quantum Service Provider™, announced it is the first IBM business partner to offer consumption-based pricing for IBM hardware, starting with two 27-qubit quantum computers, previously only available to those on the IBM Quantum Premium Plan. Earlier today, IBM Quantum announced and launched a new pricing model (Pay-As-You-Go Plan for Qiskit® Runtime (Beta)[i] on IBM Cloud) to its wider ecosystem and developer community. Qiskit Runtime is IBM’s quantum computing service and programming model for building, optimizing, and running workloads at scale.

The relationship between Strangeworks and IBM began in July 2021 with the availability of quantum backends of IBM’s Open Plan to Strangeworks users. At the IBM Quantum Summit in November 2021, Strangeworks took the stage with IBM to announce the expansion of the Qiskit Runtime consumer pricing to IBM Cloud. Strangeworks is proud to continue its relationship with IBM by becoming an IBM Embedded Solutions Partner for IBM Cloud access with pay-as-you-go billing for 27-qubit quantum computers.

This partnership allows Strangeworks customers to focus on their work rather than cloud management and provides access to leading quantum devices with the added flexibility of only paying for resources used. Strangeworks customers can now seamlessly use IBM’s higher qubit-count quantum computers as backends in conjunction with Strangeworks services supported by the IBM machines.

An added benefit of having the service available through IBM Cloud is that it opens the door to Strangeworks’ ecosystem partners who build on top of the Qiskit Runtime API and leverage IBM Cloud’s user management, billing and additional out-of-the-box infrastructure.

“We’ve always seen the consumption model as the winner in quantum computing pricing models,” said William Hurley, CEO of Strangeworks. “We are pleased to support IBM’s commitment to this offering and are excited about the potential of what this new model will open up to Strangeworks’ own ecosystem and community.”

Qiskit Runtime includes the launch of two primitives, which optimize how code is sent to the quantum computer: Sampler and Estimator. Sampler generates quasi-probabilities by sampling quantum circuits and Estimator calculates expectation values ​​of quantum operators.

Consumption-based pricing is initially available in beta for Strangeworks EQ™ customers and will be generally available soon. Contact sales@strangeworks.com to become a Strangeworks EQ™ customer.

About Strangeworks

Headquartered in Austin, Texas, Strangeworks is a group of accomplished serial entrepreneurs, business software developers, and quantum physicists who want to make quantum computing more human and accessible to everyone. By guiding companies through the confusion of quantum computing, Strangeworks is helping to accelerate the integration of this new technology across businesses, universities and enterprises.

To learn more about how Strangeworks can accelerate your quantum journey, visit https://strangeworks.com or start learning for free at Strangeworks QC™, available at https://quantumcomputing.com.

Contact: questions@strangeworks.com

[i] Qiskit® registered trademark of International Business Machines Corporation (“IBM”).

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