55 North

In October 2024, 55 North announced the first close of its €300 million inaugural fund, having raised €134 million with backing from anchor investors Novo Holdings and EIFO (Export and Investment Fund of Denmark). Positioned as the world’s largest dedicated quantum technology fund, 55 North targets investments across quantum computing, sensing, and communications. The team is led by Managing Partner Dr. Owen Lozman (ex M Ventures), General Partners Dr. Helmut Katzgraber (ex Amazon, ex Microsoft), and Dr. Kai Hudek (ex IonQ), supported by European VC Vsquared Ventures and US-based Cambium Capital. The firm takes a stage-agnostic approach backing enabling technologies and full-stack solutions, with 75% supporting European companies (including 25% targeting Nordic firms) and 25% pursuing select worldwide opportunities. Initial investments include IQM’s €275 million Series B and co-leading Kiutra’s €13 million Series A-2, advancing Denmark’s National Strategy for Quantum Technology established in 2023.

Andreessen Horowitz

Andreessen Horowitz is an American private venture capital firm founded 2009 in Menlo Park California. Andreessen Horowitz participated in Rigetti Computing $40M Series B funding round in 2017 alongside other quantum investors. The firm also joined Lux Capital and others in Series A round valued at $24M in 2016 for Rigetti. Andreessen Horowitz invests in quantum computing startups across hardware software and applications focusing on transformative quantum technologies. The firm serves quantum technology entrepreneurs requiring venture capital funding for quantum computing companies and quantum technology commercialization. Andreessen Horowitz provides strategic guidance network access and operational support to quantum startups advancing quantum technology ecosystem and quantum computing industry development.

Auriga Cyber Ventures

Auriga Cyber Ventures is an American venture capital firm founded in 2021, focusing on investments in cybersecurity and quantum security companies. The firm participated in CryptoNext Security’s 11 million euro funding round in December 2023, supporting post-quantum cryptography companies advancing quantum-safe security solutions. Auriga Cyber Ventures invests in early-stage and growth-stage companies developing quantum security, post-quantum cryptography, quantum key distribution, and quantum-safe communications technologies. The firm brings cybersecurity expertise and strategic support to quantum security startups addressing the quantum threat to current cryptographic systems. Auriga Cyber Ventures serves as investor and strategic advisor to quantum security companies, post-quantum cryptography developers, quantum communications providers, and cybersecurity innovators building quantum-safe solutions. The firm focuses on identifying and supporting companies developing practical quantum security solutions for enterprise, government, and critical infrastructure markets preparing for the post-quantum cryptography era and quantum computing threats to data security.

Beijing Quantum Technology Incubator

Beijing Quantum Technology Incubator supports quantum startups and SMEs with a 200 million RMB Quantum Industry Development Fund from Beijing municipal government. The incubator provides funding, facilities, and business support to quantum technology companies. The Beijing quantum incubator accelerates commercialization of quantum research from Beijing’s universities and institutes, helping quantum startups scale and establish Beijing as a leading quantum technology innovation hub.

Company Information

• Founded: 2023
• Country: China
• Website: N/A
• Categories: incubator, investment

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Brookhaven National Laboratory

Brookhaven National Laboratory is a USA national laboratory founded in 1947, located in Upton, New York, operating under United States Department of Energy. Brookhaven leads Co-design Center for Quantum Advantage (C2QA), one of five DOE National Quantum Information Science Research Centers established in 2020, directed by Andrew Houck. C2QA brings together experts to co-design quantum hardware, software, and algorithms to achieve quantum advantage. The laboratory conducts quantum computing research spanning superconducting qubits, quantum algorithms, quantum networking, and quantum sensors. Brookhaven operates quantum computing testbeds and collaborates with over 1,500 experts across 115 academic, industry, and national science institutions. The laboratory serves quantum computing research community, government agencies, and industry partners requiring fundamental quantum research, quantum algorithm development, and quantum hardware co-design advancing towards practical quantum advantage for scientific applications in physics, chemistry, materials science, and national security.

Caltech

California Institute of Technology is a private research university founded September 23 1891 located in Pasadena California prominent leader in quantum research through Institute for Quantum Information and Matter focusing on theoretical and experimental aspects of quantum information science including quantum computation and quantum many-body physics. In September 2025, Caltech scientists built a record-breaking array of 6,100 neutral-atom qubits, announced on September 25, 2025, representing a critical step toward powerful error-corrected quantum computers and demonstrating Caltech’s leadership in neutral atom quantum computing technology. The upcoming Dr. Allen and Charlotte Ginsburg Center for Quantum Precision Measurement set to open in 2025 will bolster capabilities uniting quantum research disciplines. Caltech conducts quantum research spanning quantum algorithms quantum error correction quantum materials quantum sensors quantum networks and quantum simulation. The university quantum programs have produced numerous breakthrough discoveries and quantum technology spinouts including PINC Technologies serving quantum research community through fundamental quantum research and quantum education programs.

Classiq

Classiq has revolutionized quantum software development with its groundbreaking platform that automatically synthesizes high-level functional models into optimized quantum circuits. Founded in 2020 by Nir Minerbi, Yehuda Naveh, and Amir Naveh, the company addresses one of quantum computing’s biggest challenges: translating complex algorithms into efficient quantum circuits. Classiq’s platform uses advanced synthesis algorithms to automatically generate, optimize, and analyze quantum circuits, dramatically reducing development time from months to days. The platform supports multiple quantum hardware backends and integrates with existing quantum development frameworks, enabling developers to focus on algorithm logic rather than low-level circuit optimization. In May 2025, Classiq raised $110 million in Series C funding, the largest ever for a quantum software company. In October 2025, Classiq was named to Fast Company’s annual Next Big Things in Tech list in the Computing, Chips and Foundational Technology category for transforming how organizations produce software for quantum computers, with Classiq technology being used by dozens of global enterprises and at over 400 universities. In October 2025, Comcast launched a quantum lab and began trials using quantum computing to improve broadband network management, partnering with D-Wave and Classiq to test applications such as traffic optimization and predictive issue resolution. Classiq has secured significant funding and partnerships with quantum hardware companies, cloud providers, and research institutions. Their technology has been adopted by organizations ranging from startups to Fortune 500 companies working on quantum applications in finance, chemistry, optimization, and machine learning. As quantum computers scale toward practical applications, Classiq’s software synthesis approach becomes increasingly critical for unlocking quantum advantage.

Cottonwood Technology Fund

Cottonwood Technology Fund is a Dutch venture capital firm founded in 2013, investing in early-stage technology companies including quantum security and deep tech startups. In May 2024, Cottonwood jointly led Q*Bird’s 2.5 million euro funding round with QDNL Participations, supporting Dutch quantum key distribution company. The firm focuses on deep tech investments in Netherlands and Europe, including quantum technologies, photonics, advanced materials, and cybersecurity. Cottonwood Technology Fund brings capital and strategic expertise to quantum communications companies, quantum security startups, and photonic quantum technology developers. The firm identifies and supports early-stage companies commercializing quantum research from Dutch universities and research institutions. Cottonwood serves Dutch and European quantum technology ecosystem connecting startups with industry partners, research institutions, and follow-on investors. The firm invests in quantum communications, quantum cryptography, quantum networking, and quantum security companies building practical commercial quantum technologies. Cottonwood Technology Fund contributes to Netherlands quantum technology leadership supporting growth of quantum innovation ecosystem.

Creative Destruction Lab

Creative Destruction Lab (CDL) is a nonprofit organization founded in 2012 at University of Toronto Rotman School of Management operating seed-stage accelerator program for science-based and technology startups. CDL launched dedicated quantum machine learning stream in 2018 becoming one of first accelerators focused on quantum technology startups. CDL Quantum stream provides mentorship funding and network access to quantum computing startups quantum software companies and quantum technology entrepreneurs. The program connects quantum founders with leading quantum researchers industry experts and investors. CDL has accelerated numerous quantum startups advancing quantum technology commercialization and quantum computing industry development. CDL serves quantum technology entrepreneurs requiring acceleration support strategic guidance and investor access for quantum computing companies quantum software development and quantum technology commercialization supporting Canadian quantum leadership.

DCVC

DCVC (Data Collective) is a venture capital and private equity firm founded in 2011 and based in San Francisco/Palo Alto, California, led by founders and managing partners Matt Ocko and Zachary Bogue. DCVC made notable quantum computing investments including Rigetti Computing ($24M Early Stage Series A in 2017, company went public in 2021) and Q-CTRL (undisclosed Seed round in 2018 as lead investor). DCVC’s quantum investment strategy focuses on companies selling picks and shovels to businesses building quantum systems rather than building quantum computers themselves, with Rigetti being the main exception. The firm invests in data-driven deep tech companies leveraging computational technologies including quantum computing, artificial intelligence, and advanced computing infrastructure. DCVC serves quantum technology startups requiring venture capital for scaling quantum control systems, quantum processors, and quantum computing infrastructure. The firm provides strategic guidance and capital for early-stage quantum technology companies.

Development Bank of Japan Quantum Investment

Development Bank of Japan (DBJ) is a national financial institution partnering on quantum computing commercialization initiatives including cold atom quantum computer development. DBJ provides strategic financing and investment for Japan’s quantum technology ecosystem as part of the government’s industrial policy. The bank’s involvement demonstrates Japan’s commitment to mobilizing both public and private capital to build a competitive quantum computing industry and achieve technological sovereignty in this critical sector.

Findus Venture

Findus Venture is an Austrian venture capital firm founded in 2018, investing in deep tech and early-stage technology companies including quantum security startups. In March 2025, Findus Venture co-led Quantum Industries’ 9.5 million euro seed financing round alongside Sparring Capital Partners and KGAL, supporting Vienna-based quantum secure communications company. The firm focuses on deep tech investments in Austria and Central Europe, including quantum technologies, advanced materials, photonics, and cybersecurity. Findus Venture brings investment capital and strategic support to quantum communications companies, quantum key distribution developers, and quantum security innovators. The firm identifies and supports early-stage companies commercializing quantum research from Austrian universities and research institutions including IQOQI Vienna and Austrian Academy of Sciences. Findus serves Austrian quantum technology ecosystem connecting startups with research centers, corporate partners, and international investors. The firm invests in quantum security, quantum communications, quantum sensing, and quantum computing companies building practical quantum technologies. Findus Venture contributes to Austrian quantum technology leadership supporting growth of Vienna quantum innovation ecosystem.

Harvard University

Harvard University is a private Ivy League research university founded 1636 in Cambridge Massachusetts. Central to Harvard quantum initiatives is Harvard Quantum Initiative uniting researchers from various disciplines to advance quantum science and engineering. In September 2025, a team of Harvard physicists led by Mikhail Lukin (Joshua and Beth Friedman University Professor) achieved a historic breakthrough by building the first quantum computer that can operate continuously for over 2 hours without restarting, published in Nature. The system operates an array of more than 3,000 qubits (neutral atoms) and theoretically could continue indefinitely, representing a massive improvement over existing quantum computers that typically run for milliseconds or at most 13 seconds. The breakthrough was achieved by replenishing qubits in real time, injecting new atoms at a rate of 300,000 per second using an optical lattice conveyor belt system to counteract atom loss and maintain quantum information, with over 50 million atoms cycled through the system during the two-hour demonstration. This transformative achievement demonstrates that quantum computers capable of running forever in practice are now just three years away (down from five+ years previously), marking a critical milestone toward practical, continuously operating quantum computing systems. Harvard Quantum Initiative is one of strongest in country heavily focused on quantum networking quantum chemistry and quantum materials research. Harvard conducts quantum research spanning quantum processors quantum algorithms quantum communication networks quantum simulation and quantum sensing. The university maintains partnerships with leading quantum companies including QuEra Computing and government agencies. Harvard serves quantum research community through fundamental quantum research quantum education programs and technology transfer advancing quantum information science and quantum technology commercialization supporting USA quantum leadership.

InnovationQuarter

InnovationQuarter is the regional development agency for Zuid-Holland province in the Netherlands, founded in 2005 and based in The Hague, investing in innovative companies including quantum technology and quantum security startups. InnovationQuarter participated in Q*Bird’s 2.5 million euro funding round in May 2024, supporting Delft-based quantum key distribution company. The organization provides investment capital, business development support, and ecosystem connections to high-tech startups and scale-ups in Zuid-Holland region, home to quantum technology clusters in Delft, Leiden, and Rotterdam. InnovationQuarter focuses on deep tech including quantum technologies, photonics, life sciences, and cleantech. The organization serves Zuid-Holland quantum ecosystem connecting startups with QuTech research center, TNO, universities, and corporate partners. InnovationQuarter invests in quantum communications, quantum security, quantum sensing, and quantum computing companies commercializing research from Delft University of Technology and Leiden University. The organization contributes to Netherlands quantum technology leadership building innovation infrastructure and supporting growth of quantum startups in one of Europe’s leading quantum technology regions.

Invento Capital

Invento Capital is a Polish venture capital firm founded in 2011, investing in technology companies including quantum security and advanced cybersecurity startups. The firm provided EUR 275K funding to ResQuant alongside Lighthouse Ventures, supporting Polish hardware-implemented post-quantum cryptography company. Invento Capital focuses on technology investments in Central and Eastern Europe, including deep tech, cybersecurity, and advanced semiconductor solutions. The firm brings investment capital and strategic support to quantum security companies, post-quantum cryptography developers, and hardware security innovators. Invento Capital identifies and supports early-stage companies developing quantum-safe technologies for enterprise and government markets. The firm serves as investor to quantum security startups, cybersecurity companies, and semiconductor technology developers in Poland and CEE region. Invento Capital contributes to Polish quantum technology ecosystem supporting commercialization of quantum security innovations and growth of quantum-safe cryptography market. The firm helps Polish quantum security companies access capital, strategic partnerships, and international markets.

IonQ

In 2024-2025, IonQ raised approximately $372.6 million through an at-the-market equity offering (announced March 10, 2025), bringing the company’s cash balance to over $700 million. The company secured a major contract with Korea Institute of Science and Technology Information (KISTI) in July 2025 to deliver a 100-qubit quantum system for South Korea’s first National Quantum Computing Centre of Excellence. IonQ also signed a Memorandum of Understanding with Japan’s AIST to provide access to IonQ’s Forte-class quantum computers. At Quantum World Congress 2025, IonQ announced a groundbreaking advancement in quantum chemistry simulations with its quantum-classical auxiliary-field quantum Monte Carlo (QC-AFQMC) algorithm, demonstrating unprecedented precision in computing atomic-level forces with potential applications in drug discovery and climate change solutions. On October 7, 2025, IonQ completed the acquisition of Vector Atomic, a California-based quantum sensing company, in an all-stock transaction. The acquisition brought 75+ employees, scientists, engineers, and operators to IonQ, along with precision atomic clocks, inertial sensors, gravimeters, and synchronization hardware technology. Vector Atomic secured over $200 million in government contracts and holds 29 pending and issued patents in quantum sensing and timing. The acquisition expands IonQ’s portfolio from quantum computing into quantum sensing, timing, and navigation markets, with Vector Atomic’s technology delivering 1,000x improvement in GPS accuracy and picosecond-level timing precision for defense, aerospace, and commercial applications.

IQM

On September 3, 2025, IQM secured $320 million (€275 million) in a Series B funding round led by Ten Eleven Ventures and 55 North, bringing total capital to $600 million - the largest quantum computing funding outside the United States. IQM reached a significant production milestone by manufacturing 30 full-stack quantum computers at its facility in Espoo, Finland. The company deployed Poland’s first superconducting quantum computer at Wrocław University of Science and Technology, expected to become operational in Q2 2025. In early September 2025, IQM’s 5-qubit Spark system was installed at the Taiwan Semiconductor Research Institute in Taipei, marking the first fully integrated superconducting quantum computer in a Taiwanese research environment. IQM also made its 20-qubit quantum processing unit, IQM Garnet, available through Amazon Braket, marking the first time IQM’s quantum computers are accessible via cloud in a self-service, on-demand model and expanding Amazon Braket’s availability to the AWS Europe (Stockholm) Region.

KGAL Investment Management

KGAL is a German global asset manager specializing in infrastructure investments, founded in 1968 and headquartered in Grünwald near Munich, Germany. In March 2025, KGAL participated in Quantum Industries’ 9.5 million euro seed financing round alongside Sparring Capital Partners and Findus Venture, supporting Vienna-based quantum secure communications company. KGAL focuses on infrastructure investments including critical infrastructure, telecommunications, energy, and transportation sectors increasingly requiring quantum-safe security technologies. The firm brings infrastructure investment expertise and strategic capital to quantum security companies developing solutions for critical infrastructure protection. KGAL recognizes quantum-safe communications as essential infrastructure technology protecting against quantum computing threats to current encryption standards. The firm serves infrastructure operators, utilities, telecommunications providers, and critical infrastructure sectors requiring quantum security investments. KGAL invests in quantum key distribution, quantum-safe communications, and quantum security technologies protecting critical infrastructure communications, energy grid control systems, and transportation networks. The firm contributes to European infrastructure security supporting deployment of quantum-safe technologies for critical national infrastructure.

Kleiner Perkins

Kleiner Perkins is an American venture capital firm founded 1972 in Menlo Park California. Kleiner Perkins has coinvested with other major VCs such as Sequoia Andreessen Horowitz and Y Combinator on quantum opportunities. The firm invests in quantum computing startups and quantum technology companies supporting quantum innovation and commercialization. Kleiner Perkins serves quantum technology entrepreneurs requiring venture capital funding for quantum computing companies quantum software development and quantum technology commercialization. The firm provides strategic guidance network access and operational support to quantum startups advancing quantum technology ecosystem and quantum computing industry development supporting quantum innovation worldwide.

Lighthouse Ventures

Lighthouse Ventures is a Polish venture capital firm founded in 2016, investing in early-stage technology companies including quantum security and cybersecurity startups. The firm provided EUR 275K funding to ResQuant, Polish hardware-implemented post-quantum cryptography company, alongside Invento Capital. Lighthouse Ventures focuses on deep tech, cybersecurity, and advanced technology investments in Central and Eastern Europe. The firm brings strategic expertise and capital to quantum security startups, post-quantum cryptography developers, and cybersecurity innovators. Lighthouse Ventures identifies and supports companies developing practical quantum-safe solutions for enterprise, government, and critical infrastructure markets preparing for post-quantum cryptography era. The firm serves as investor and advisor to quantum security companies, hardware security providers, and cybersecurity startups in Poland and CEE region. Lighthouse Ventures contributes to Polish and European quantum technology ecosystem supporting commercialization of quantum security research and development of quantum-safe cryptographic solutions for global markets.

NIST

National Institute of Standards and Technology (NIST) is a USA federal agency founded March 3, 1901, located in Gaithersburg, Maryland and Boulder, Colorado, operating under United States Department of Commerce. NIST conducts quantum computing research developing quantum standards, quantum metrology, post-quantum cryptography standards, and quantum networking protocols. The Joint Quantum Institute (JQI) is collaboration between NIST and University of Maryland conducting fundamental quantum research spanning trapped ions, neutral atoms, superconducting qubits, and quantum simulation. NIST leads National Quantum Initiative coordination through National Quantum Coordination Office housed within White House Office of Science and Technology Policy. In 2024 NIST published first post-quantum cryptography standards (FIPS 203, 204, 205) protecting against quantum computer threats. NIST serves government agencies, industry, and research institutions requiring quantum standards, quantum measurement techniques, and quantum-safe cryptography standards. NIST advances quantum technology through fundamental research, standards development, and technology transfer supporting USA quantum leadership.

Pasqal

In June 2024, Pasqal achieved a significant milestone by successfully loading over 1,000 atoms in a single shot, trapping more than 1,110 atoms within approximately 2,000 traps, demonstrating the feasibility of large-scale neutral atom quantum computing. In December 2024, Pasqal deployed a 100-qubit neutral atom quantum computer at the Jülich Supercomputing Centre in Germany as part of the HPCQS project, expected to be available for use by June 2025. On May 13, 2025, Pasqal partnered with Google Cloud to offer its 100-qubit QPU on Google Cloud Marketplace, including tools for workflow integration and post-processing results with a flexible pay-as-you-go model. Pasqal’s roadmap targets 10,000 qubits by 2026, and in April 2024, the company partnered with Welinq to achieve projected 10,000-qubit QPUs with high-fidelity two-qubit gates in the 2026-2027 timeframe. The company is already delivering quantum computers with over 100 qubits to end users.

Peking University Quantum Materials and Devices Center

Peking University Quantum Materials and Devices Center is a major research center for quantum materials, devices, and computing, contributing talent to Chinese quantum companies. The center conducts fundamental research on quantum materials and devices. The center’s research spans topological materials, superconducting materials, and quantum devices, providing scientific foundations for China’s quantum hardware development and training the next generation of quantum scientists.

Company Information

• Founded: 2015
• Country: China
• Website: https://pku.edu.cn
• Categories: hardware, quantum components, quantum education, quantum investment, quantum research, superconducting, topological

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Photon Spot

Photon Spot is a California-based company specializing in sub-Kelvin cryogenic systems and superconducting nanowire single-photon detectors (SNSPDs) for quantum technology applications. Founded in 2009 and headquartered in Monrovia, California, the company offers detectors with ultralow dark counts, precise timing resolution, and high quantum efficiency, combined with cryogenic systems operating at temperatures below 1 Kelvin. Photon Spot’s products serve quantum communications, quantum computing, quantum sensing, and semiconductor diagnostics applications. The company’s ultra-compact, ultra-low vibration cryogenic systems support time-resolved imaging applications benefiting integrated circuit manufacturers and quantum technology researchers. Primary customers include research institutions, national laboratories, and companies engaged in quantum-related research and development. Backed by investors including the National Science Foundation, Photon Spot represents American innovation in single-photon detection technology critical to photonic quantum computing, quantum key distribution, and quantum metrology applications.

Princeton University

Princeton University is a private Ivy League research university founded 1746 in Princeton New Jersey. Princeton Center for Complex Materials and Princeton Quantum Initiative provide top training in quantum information science. Princeton conducts quantum research spanning quantum processors quantum algorithms quantum materials quantum networks and quantum simulation. The university quantum programs advance fundamental quantum science and quantum technology development. Princeton maintains research partnerships with government laboratories and quantum computing companies. Princeton serves quantum research community through quantum physics research quantum engineering programs and quantum education advancing quantum information science and quantum technology development supporting USA quantum competitiveness and scientific leadership in quantum computing.

PsiQuantum

In September 2025, PsiQuantum announced the closing of a $1 billion Series E funding round, valuing the company at $7 billion and enabling construction of utility-scale quantum sites in Brisbane, Australia, and Chicago, United States. The round was led by affiliates of BlackRock and backed by Temasek, Baillie Gifford, Macquarie Capital, Ribbit Capital, NVentures, Adage Capital Management, the Qatar Investment Authority, Type One Ventures, Counterpoint Global, 1789 Capital and S Ventures. The company secured significant funding from the Australian and Queensland governments in 2024 to build the world’s first utility-scale, fault-tolerant quantum computer in Brisbane with target completion by the end of 2027. In February 2025, DARPA selected PsiQuantum to advance to the final phase of its Utility-Scale Quantum Computing Program. On April 15, 2025, PsiQuantum secured a $10.8 million contract with the Air Force Research Laboratory (AFRL). The company is now breaking ground on major facilities in both Chicago and Brisbane, building million-qubit scale fault-tolerant quantum computers using high-volume manufacturing of integrated photonic chips and 300 mm wafers produced at GlobalFoundries Fab 8 in New York.

QAI Ventures

QAI Ventures is a Basel, Switzerland-based venture capital and accelerator founded in 2020, dedicated to advancing global quantum technology innovation in Quantum, AI, and Advanced Computing. The firm operates offices in Basel (Switzerland), Calgary (Canada), Tokyo (Japan), and Singapore (Asia-Pacific headquarters in partnership with Enterprise Singapore). QAI Ventures runs leading global accelerator programs for startups building quantum technologies, quantum-inspired solutions, and advanced computing, supporting companies from lab to commercialization and IPO. Startups receive up to $200K via convertible note with top-performing teams accessing follow-on funding up to $2M in equity. In March 2025, QAI Ventures launched North America’s first quantum technology accelerator in Calgary partnering with Quantum City initiative by University of Calgary. QAI Ventures connects startups to local and global capital, mentors, and infrastructure across regional hubs worldwide, accelerating quantum technology commercialization.

QDNL Participations

QDNL Participations is the investment arm of Quantum Delta NL, the Dutch national quantum technology program, supporting quantum technology companies including quantum security and quantum communications startups. In May 2024, QDNL Participations jointly led Q*Bird’s 2.5 million euro funding round with Cottonwood Technology Fund, with participation from InnovationQuarter. The organization invests in Dutch quantum technology companies advancing quantum computing, quantum communications, quantum sensing, and quantum security. QDNL Participations brings strategic capital and ecosystem support to quantum startups commercializing Dutch quantum research. The fund serves Dutch quantum technology ecosystem connecting startups with government support, research institutions, and corporate partners. QDNL Participations focuses on quantum communications companies, quantum key distribution developers, quantum networking startups, and quantum security providers building practical quantum technologies. The organization contributes to Netherlands quantum technology leadership supporting commercialization of quantum innovations from Dutch universities and research centers including QuTech, University of Amsterdam, and Leiden University.

Quantinuum

In 2024-2025, Quantinuum achieved several historic milestones with its H-series quantum computers. The company surpassed a quantum volume of one million (1,048,576 or 2^20) and later achieved 33.5 million, surpassing competitors by a factor of 16,000. Quantinuum achieved ’three 9’s’ (99.9%) 2-qubit gate fidelity in its commercial quantum computer. In collaboration with Microsoft, the company demonstrated the most reliable logical qubits to date, with error rates 800 times lower than corresponding physical circuit error rates, advancing Quantinuum’s System Model H2 to Microsoft’s Level 2—Resilient phase of quantum computing. With JPMorgan Chase, Quantinuum achieved a 100x improvement over existing industry benchmarks using the H2-1 quantum computer with 56 trapped-ion qubits, setting a new world record for the cross entropy benchmark. The company announced its next system, Helios, set to launch in 2025 with 96 qubits and enhanced computational capabilities expected by mid-2025. In August 2025, Quantinuum raised approximately $400 million in a Series B funding round at a valuation of $10 billion. The round included a $50 million investment from Quanta at $26.76 per share, marking a major milestone in quantum computing financing. This Series B positions Quantinuum as one of the highest-valued quantum computing companies globally and provides capital to advance the development of the Helios system and expand commercial quantum computing services.

Quantonation

Quantonation is the first early-stage venture capital fund dedicated to quantum technology ecosystem, founded in 2018 in Paris by Charles Beigbeder and Christophe Jurczak. Quantonation invests globally in deep technologies based on advances in physics and computing across four areas: quantum computing (hardware and software), quantum networks, quantum sensing, and deep physics. Headquartered in Paris, France and Boston, USA, Quantonation has investments in Europe, North America, and Asia-Pacific. Quantonation I (2021 vintage) raised €91 million beyond original target, making investments in 27 companies worldwide. In April 2024, Quantonation announced first closing of Quantonation II at €70 million toward €200 million target. The European Investment Fund committed €30 million to Quantonation II in 2025. Quantonation leverages scientific expertise to guide investments in quantum technologies and deep physics, supporting early-stage startups transforming quantum research into commercial applications.

Quantum Exponential

Quantum Exponential is a UK-based quantum technology investment and commercialization company founded in 2020. The company invests in quantum computing startups, quantum technology companies, and quantum-enabled businesses across quantum computing stack. Quantum Exponential provides strategic investment, business development support, and quantum expertise to portfolio companies. The company focuses on quantum software, quantum algorithms, quantum applications, and quantum technology commercialization. Quantum Exponential serves quantum technology investors, quantum entrepreneurs, and quantum industry stakeholders. The company contributes to UK quantum technology ecosystem advancing quantum technology commercialization, quantum startup growth, and quantum industry development. Quantum Exponential positions itself as quantum technology investor and quantum business accelerator supporting quantum technology adoption and quantum industry expansion worldwide.

Quantum Machines

In 2024-2025, Quantum Machines is hosting the AQC25 (Adaptive Quantum Circuits Conference) taking place November 12-14, 2025, in Boston, bringing together global experts from MIT, Yale, USC, Google Quantum AI, and Amazon Braket to advance adaptive quantum methods and define the future of scalable quantum computing applications. A Novera QPU has been co-located at the Israeli Quantum Computing Center (IQCC) with Quantum Machines’ OPX1000 control system and NVIDIA’s Grace-Hopper superchip servers. This setup was leveraged for a reinforcement learning project presented at IEEE Quantum Week 2024 in September, demonstrating the optimization of single qubit operations on the Novera QPU for quantum machine learning development. Quantum Machines continues to collaborate with tech firms such as Classiq to develop hybrid quantum-classical computing systems aimed at tackling challenging computational problems, with control systems scaling to support large numbers of qubits needed for error correction.

Quantum Valley Investments

Quantum Valley Investments is a Canadian VC fund focused on quantum technology commercialization in the Waterloo quantum ecosystem. The fund invests in quantum computing, quantum sensing, and quantum communications startups emerging from the University of Waterloo and Perimeter Institute. Quantum Valley Investments has backed multiple successful quantum startups including companies developing quantum sensors, quantum software, and quantum computing hardware, playing a crucial role in building Canada’s quantum technology industry.

Qubits Ventures

Qubits Ventures is a venture capital firm founded in 2021 and based in Pasadena, California, investing in early-stage startups reshaping how the world computes, learns, and connects across quantum systems, AI-native platforms, and advanced infrastructure. The firm’s core thesis centers on co-evolution of quantum technologies, next-generation AI, and modern infrastructure. Qubits Ventures invests globally at earliest stages of company formation where bold technical talent is rethinking how intelligence is generated, how compute is executed, and how infrastructure is deployed. As of April 2025, Qubits Ventures is an active investor having invested in 11 companies with 2 new investments in last 12 months. Notable portfolio investments include Aliro Technologies and Lumai. Managing Partner Nardo Manaloto brings over two decades of expertise in applied artificial intelligence, emerging technologies, and ecosystem development. Qubits Ventures serves quantum computing, AI, and infrastructure startups at pre-seed and seed stages.

Rigetti Computing

In 2024-2025, Rigetti Computing completed a $350 million at-the-market equity offering during Q2 2025, bolstering the company’s cash position to approximately $575 million with no debt. In December 2024, Rigetti launched its 84-qubit Ankaa-3 quantum processor, achieving record-high fidelity with a 99.0% median iSWAP gate fidelity and 99.5% median fSim gate fidelity. In 2025, Rigetti unveiled Cepheus-1-36Q, a 36-qubit multi-chip quantum computer now generally available, demonstrating a two-fold reduction in two-qubit gate error rate compared to the preceding Ankaa-3 system, achieving a median two-qubit gate fidelity of 99%. The company anticipates releasing a 100+ qubit system, also chiplet-based, with a target median two-qubit gate fidelity of 99.5% before the end of 2025. In collaboration with Riverlane and the National Quantum Computing Centre (NQCC), Rigetti won £3.5 million from Innovate UK to enhance quantum error correction capabilities on superconducting quantum computers.

SDT

SDT Inc. (Quantum Standard Technology) is a South Korean quantum technology company founded in 2017 with headquarters in Seoul, pioneering quantum computing, quantum cloud, quantum communication, and quantum sensing commercialization. Founded by CEO Jiwon Yune, who studied physics and electronic engineering at MIT and worked as a researcher at MIT-Harvard University Research Center and KIST Quantum Information Research Center, SDT is leading development of South Korea’s first full-stack quantum computer. In August 2024, SDT secured 10 billion KRW (approximately $7.5 million USD) in Pre-IPO investment from Shinhan Venture Investment to commercialize quantum computers, with milestones to develop a 64-qubit superconducting quantum computer by 2026 and photonic integrated circuit quantum computers by 2027. SDT is jointly developing quantum processing units based on silicon spin and diamond nitrogen-vacancy quantum technologies with Seoul National University and the Korea Institute of Science and Technology. The company is advancing South Korea’s National Strategy for Quantum Technology and building the domestic quantum ecosystem.

Sequoia Capital

Sequoia Capital is an American venture capital firm founded 1972 in Menlo Park California. In 2018 Sequoia Capital China participated in Q-CTRL Seed round as DCVC led investment. Sequoia has coinvested with other major VCs such as Andreessen Horowitz and Y Combinator on quantum opportunities. The firm invests in quantum computing startups across hardware software and applications. Sequoia Capital serves quantum technology entrepreneurs requiring venture capital funding for quantum computing companies quantum software development and quantum technology commercialization. The firm provides strategic guidance and network access to quantum startups advancing quantum technology ecosystem and quantum computing industry development supporting quantum innovation and quantum technology commercialization worldwide.

Shenzhen Capital Quantum Investment Fund

Shenzhen Capital Quantum Investment Fund is a state-owned venture fund that led Origin Quantum’s $148 million Series B funding round, focusing on quantum technology investments. The fund provides capital to Chinese quantum technology companies. Shenzhen Capital’s quantum investment fund represents government-backed efforts to accelerate quantum technology commercialization and establish China as a global quantum computing leader.

Company Information

• Founded: 2023
• Country: China
• Website: N/A
• Categories: venture capital, investment

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SoftBank

SoftBank Group Corp. is a Japanese multinational conglomerate founded in 1981, headquartered in Tokyo, Japan. SoftBank invests in quantum technology companies through SoftBank Vision Fund and corporate ventures including quantum computing startups and quantum technology providers. The company telecommunications division explores quantum-safe security for mobile networks and quantum communications technologies. SoftBank collaborates with quantum technology companies advancing quantum technology commercialization and quantum innovation. The company serves telecommunications, technology investment, and venture capital markets supporting quantum startup growth and quantum technology development. SoftBank contributes to Japan and global quantum technology ecosystem through strategic investments in quantum computing companies and quantum technology ventures advancing quantum innovation and quantum industry development representing Japanese technology investment in quantum computing sector worldwide.

Sparring Capital Partners

Sparring Capital Partners is a European venture capital firm founded in 2019, focusing on deep tech and enterprise software investments including quantum security companies. In March 2025, Sparring Capital Partners led Quantum Industries’ 9.5 million euro seed financing round alongside Findus Venture and KGAL, supporting Vienna-based quantum secure communications company. The firm invests in early-stage and growth-stage technology companies developing quantum cryptography, cybersecurity, enterprise software, and deep tech solutions. Sparring Capital Partners brings capital, strategic expertise, and industry connections to quantum security startups commercializing quantum communications technologies. The firm serves European quantum technology ecosystem connecting startups with corporate partners, research institutions, and follow-on investors. Sparring Capital invests in quantum key distribution companies, post-quantum cryptography developers, quantum networking startups, and quantum-safe communications providers building practical commercial quantum security solutions. The firm contributes to European quantum technology growth supporting companies developing quantum-safe infrastructure for critical communications, government agencies, financial institutions, and telecommunications operators.

Tensor Ventures

Tensor Ventures is a Canadian venture capital firm founded in 2021 specializing in quantum technology investments focusing on early-stage quantum computing companies quantum software startups and quantum technology commercialization. The firm provides strategic guidance and capital to quantum entrepreneurs building transformative quantum technologies. Tensor Ventures invests across quantum computing stack from quantum hardware to quantum algorithms and applications. The firm serves quantum technology entrepreneurs requiring venture capital funding for quantum computing companies quantum software development and quantum technology commercialization. Tensor Ventures maintains network of quantum experts advisors and industry partners advancing quantum technology ecosystem and quantum computing industry development supporting quantum innovation worldwide.

TU Delft

Delft University of Technology (TU Delft) is a public technical university founded in 1842, located in Delft, Netherlands. TU Delft hosts QuTech, world-leading quantum research institute collaboration between TU Delft and TNO advancing quantum computing and quantum internet. QuTech develops quantum processors including spin qubits in silicon and superconducting qubits advancing scalable quantum computing. TU Delft researchers contribute to quantum algorithms quantum error correction quantum networks and quantum hardware. The university has produced quantum technology spinouts and maintains strong European quantum partnerships. TU Delft serves quantum research community through fundamental quantum research quantum education and technology transfer advancing quantum computing and quantum internet development supporting Netherlands and European quantum technology leadership.

TuringQ

TuringQ is China’s first optical quantum computing company established in 2021 by Professor Jin Xianmin from Shanghai Jiaotong University, specializing in photonic quantum processors using lithium niobate on insulator (LNOI) photonic chips and femtosecond laser direct writing technology, with products including the TuringQ Gen 1 fully integrated optical quantum computer and FeynmanPAQS quantum simulation software, having completed 500 million yuan ($79 million) in funding and established China’s first photonic chip pilot line in Wuxi for applications in financial technology, biomedicine, and artificial intelligence.

University of Maryland

University of Maryland is a public research university founded in 1856, located in College Park, Maryland. UMD hosts Joint Quantum Institute (JQI) and Joint Center for Quantum Information and Computer Science (QuICS) conducting world-class quantum research. The university advances ion trap quantum computing quantum algorithms quantum networks and quantum technologies. UMD has produced quantum technology spinouts including IonQ. The university serves quantum research community through fundamental quantum research quantum education and technology transfer. UMD contributes to USA quantum technology leadership through breakthrough quantum research and quantum technology commercialization positioning Maryland as quantum technology hub.

University of Oxford

University of Oxford is a collegiate research university founded circa 1096, located in Oxford, England, oldest university in English-speaking world. Oxford conducts world-leading quantum research through Oxford Quantum Information Science group, Department of Physics, and Oxford Quantum Circuits spinout. The university advances quantum computing quantum cryptography quantum communications and quantum technologies. Oxford researchers contribute to ion trap quantum computing quantum algorithms quantum error correction and quantum hardware development. The university has produced numerous quantum technology spinouts including Oxford Quantum Circuits and maintains partnerships with quantum companies. Oxford serves quantum research community through fundamental quantum research quantum education and technology transfer advancing quantum information science and supporting UK quantum technology leadership positioning Oxford as global quantum research leader.

Y Combinator

Y Combinator is an American technology startup accelerator founded March 2005 in Mountain View California. Y Combinator was among investors in Rigetti Computing 2014 Seed round which raised $2.5M in funding along with Tim Draper Pegasus Tech Ventures and Felicis Ventures. Y Combinator provides seed funding mentorship and resources to quantum computing startups through three-month accelerator program. The accelerator serves quantum technology entrepreneurs requiring early-stage funding mentorship and network access for quantum computing companies quantum software development and quantum technology commercialization. Y Combinator has accelerated numerous technology startups advancing quantum technology ecosystem and quantum computing industry development supporting quantum innovation and startup growth worldwide.

Yale University

Yale University is a private Ivy League research university founded 1701 in New Haven Connecticut. Yale University has established itself as leader in quantum research fostering collaboration across physics engineering and computer science with Yale Quantum Institute serving as central hub bringing together researchers to explore quantum information processing quantum materials and quantum sensing. Yale conducts quantum research spanning superconducting qubits quantum processors quantum algorithms quantum error correction and quantum networks. Yale quantum programs have produced significant breakthroughs in superconducting quantum computing and quantum information processing. Yale serves quantum research community through fundamental quantum research quantum education programs and industry partnerships advancing quantum computing and quantum technologies.