Quantum-Si to Develop Acceleration Platform and Advance Core Technologies in Collaboration with NVIDIA
November 20 2024 - 6:00AM
Business Wire
Collaboration will Drive AI-Powered
Advancements in Next-Generation Protein Sequencing™ and Accelerated
Data Processing
Quantum-Si Incorporated (Nasdaq: QSI) (“Quantum-Si,” “QSI” or
the “Company”), The Protein Sequencing Company™, today announced a
collaboration with NVIDIA to develop its new proteomics platform,
Proteus™, and advance Quantum-Si’s core technologies of amino acid
binders and aminopeptidases using NVIDIA AI and accelerated
computing.
This collaboration aims to significantly enhance data processing
speeds to handle the increased data volume from Proteus. By
leveraging NVIDIA accelerated computing and Quantum-Si’s advanced
single-molecule protein sequencing and detection technologies, the
collaboration aims to develop a robust data processing system. This
system will keep pace with Quantum-Si’s rapidly evolving technology
advancements, generating single-molecule protein insights to deepen
our understanding of the proteome and develop innovative solutions
through research, drug discovery, and healthcare AI.
“We are thrilled to collaborate with NVIDIA to make
single-molecule proteomics more accessible to researchers,” said
John Vieceli, Ph.D., Chief Product Officer of Quantum-Si. We have
been leveraging AI protein structure prediction tools with NVIDIA
BioNeMo, both in the cloud and on-premises to design new and
improved biomolecules. Now, we are excited to apply NVIDIA
technology for downstream data processing and interpretation
applications for Proteus.
“Sequencing proteins to derive insights requires advanced
processing capabilities that can handle vast volumes of data,” said
George Vacek, Global Head of Genomics Alliances at NVIDIA.
“Applying NVIDIA technology for accelerated computing and AI,
Quantum-Si’s platform for proteomics and multi-omics can make a
significant impact on healthcare and life sciences AI and
research.”
About Quantum-Si Incorporated
Quantum-Si, The Protein Sequencing Company™, is focused on
revolutionizing the growing field of proteomics. The Company’s
Platinum® instrument enables Next-Generation Protein Sequencing™
that advances proteomic research, drug discovery, and diagnostics
beyond what has been possible with existing proteomic tools. Learn
more at quantum-si.com or follow us on LinkedIn or X.
Forward Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. The actual
results of the Company may differ from its expectations, estimates,
and projections and, consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar
expressions (or the negative versions of such words or expressions)
are intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the
Company’s expectations with respect to future performance and
development and commercialization of products and services, its
anticipated cash runway and its financial guidance for the full
year 2024. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to
differ materially from those discussed in the forward-looking
statements. Most of these factors are outside the Company’s control
and are difficult to predict. Factors that may cause such
differences include, but are not limited to: the inability to
maintain the listing of the Company’s Class A common stock on The
Nasdaq Stock Market; the ability of the Company to grow and manage
growth profitably and retain its key employees; the Company’s
ongoing leadership transitions; changes in applicable laws or
regulations; the ability of the Company to raise financing in the
future; the success, cost and timing of the Company’s product
development and commercialization activities; the commercialization
and adoption of the Company’s existing products and the success of
any product the Company may offer in the future; the potential
attributes and benefits of the Company’s commercialized Platinum®
protein sequencing instrument and kits and the Company’s other
products once commercialized; the Company’s ability to obtain and
maintain regulatory approval for its products, and any related
restrictions and limitations of any approved product; the Company’s
ability to identify, in-license or acquire additional technology;
the Company’s ability to maintain its existing lease, license,
manufacture and supply agreements; the Company’s ability to compete
with other companies currently marketing or engaged in the
development or commercialization of products and services that
serve customers engaged in proteomic analysis, many of which have
greater financial and marketing resources than the Company; the
size and growth potential of the markets for the Company’s products
and services, and its ability to serve those markets once
commercialized, either alone or in partnership with others; the
Company’s estimates regarding future expenses, future revenue,
capital requirements and needs for additional financing; the
Company’s financial performance; and other risks and uncertainties
described under “Risk Factors” in the Company’s most recent Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q and in the
Company’s other filings with the SEC. The Company cautions that the
foregoing list of factors is not exclusive. The Company cautions
readers not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. The Company does
not undertake or accept any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
to reflect any change in its expectations or any change in events,
conditions, or circumstances on which any such statement is
based.
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version on businesswire.com: https://www.businesswire.com/news/home/20241120405534/en/
Investor Contact Doug Farrell, VP, Investor Relations
ir@quantum-si.com Media Contact Katherine Atkinson, SVP,
Commercial Marketing media@quantum-si.com
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