Startup Tracker
Quantum startup funding analytics, directory, and research-market gap analysis across 81 companies
Generated 2/24/2026
$11.8B
across 143 rounds
81
in the database
$68M
per disclosed round
2019
across all startups
| # | Startup | Date | Stage | Amount | Lead Investor |
|---|---|---|---|---|---|
| 1 | PsiQuantum | 2025-09 | Series E | $1.0B | BlackRock |
| 2 | PsiQuantum | 2024-04 | Venture Round | $620M | Australian Government / Queensland Government |
| 3 | Quantinuum | 2025-08 | Series C | $600M | JPMorgan Chase |
| 4 | Infleqtion | 2026-02 | SPAC/IPO | $550M | Churchill Capital Corp X |
| 5 | IonQ | 2025-01 | Post-IPO Equity | $500M | Public Markets |
| 6 | SandboxAQ | 2025-04 | Series E | $450M | T. Rowe Price |
| 7 | IQM Quantum Computers | 2025-09 | Series B | $320M | Ten Eleven Ventures |
| 8 | IonQ | 2023-05 | Post-IPO Equity | $300M | Public Markets |
| 9 | Quantinuum | 2023-11 | Series B | $300M | JPMorgan Chase |
| 10 | Quantinuum | 2024-11 | Series B Extension | $300M | Quantinuum Strategic Round |
Showing 81 of 81 startups
3
topics with no startup activity
Surveys Reviews and Benchmarks
high paper count, zero startup funding
Error Mitigation and Noise
high funding, relatively few papers
| Topic | Papers | Startups | Funding |
|---|---|---|---|
| Algorithms and Theory | 235 | 17 | $1.2B |
| Applications Cybersecurity | 9 | 11 | $2.7B |
| Applications Energy and Engineering | 18 | 1 | $550M |
| Applications Finance and Economics | 17 | 7 | $891M |
| Applications Healthcare and Biology | 11 | 5 | $1.0B |
| Applications Image and Vision | 26 | 1 | $8M |
| Applications NLP and Language | 9 | 0 | $0 |
| Chemistry Simulation and Materials | 130 | 11 | $2.8B |
| Error Mitigation and Noise | 20 | 23 | $6.2B |
| Federated and Distributed | 21 | 0 | $0 |
| Generative Models | 29 | 1 | $67M |
| Hardware and Implementation | 59 | 45 | $9.6B |
| Kernel Methods | 45 | 1 | $33M |
| Neural Networks | 122 | 3 | $273M |
| Optimization and QAOA | 70 | 25 | $3.4B |
| QML Foundations | 159 | 18 | $2.0B |
| Reinforcement Learning | 38 | 1 | $8M |
| Reservoir Computing | 31 | 1 | $6M |
| Surveys Reviews and Benchmarks | 83 | 0 | $0 |
| Variational Methods | 90 | 10 | $1.3B |
Underserved Opportunities
Topics with strong research activity but limited startup/funding coverage. These represent potential market gaps.
Algorithms and Theory
235
17
$1.2B
Strong research activity (235 papers) with limited commercial adoption (17 startups, $1.2B funding). This represents a potential market opportunity.
Neural Networks
122
3
$273M
Strong research activity (122 papers) with limited commercial adoption (3 startups, $273M funding). This represents a potential market opportunity.
QML Foundations
159
18
$2.0B
Strong research activity (159 papers) with limited commercial adoption (18 startups, $2.0B funding). This represents a potential market opportunity.
Surveys Reviews and Benchmarks
83
0
$0
Strong research activity (83 papers) with limited commercial adoption (0 startups, $0 funding). This represents a potential market opportunity.
Chemistry Simulation and Materials
130
11
$2.8B
Strong research activity (130 papers) with limited commercial adoption (11 startups, $2.8B funding). This represents a potential market opportunity.
Well-Funded Areas
Topics with strong commercial activity relative to research volume. These areas have market momentum.
Hardware and Implementation
59
45
$9.6B
Well-capitalized area ($9.6B) relative to research volume (59 papers). Market momentum is strong with 45 active startups.
Error Mitigation and Noise
20
23
$6.2B
Well-capitalized area ($6.2B) relative to research volume (20 papers). Market momentum is strong with 23 active startups.
Applications Cybersecurity
9
11
$2.7B
Well-capitalized area ($2.7B) relative to research volume (9 papers). Market momentum is strong with 11 active startups.
Optimization and QAOA
70
25
$3.4B
Well-capitalized area ($3.4B) relative to research volume (70 papers). Market momentum is strong with 25 active startups.
Applications Healthcare and Biology
11
5
$1.0B
Well-capitalized area ($1.0B) relative to research volume (11 papers). Market momentum is strong with 5 active startups.
251
across all startups
Quantonation
10 deals
$3.3B
NVIDIA
7
geographic regions
| # | Investor | Deals | Portfolio Funding | Notable Portfolio |
|---|---|---|---|---|
| 1 | Quantonation | 10 | $603M | Pasqal, Multiverse Computing, Qubit Pharmaceuticals, Kipu Quantum, Aqora +5 more |
| 2 | In-Q-Tel | 6 | $796M | Qrypt, Xanadu, Aliro Technologies, D-Wave Quantum, IntelliQT +1 more |
| 3 | EIC Accelerator | 6 | $93M | Qubit Pharmaceuticals, Qruise, Qnami, Qilimanjaro Quantum Tech, Polariton Technologies +1 more |
| 4 | NSSIF | 5 | $442M | Photonic Inc., Nu Quantum, ORCA Computing, Quantum Motion, Near Quantum |
| 5 | Quantum Delta NL | 5 | $101M | QuantWare, Qblox, Qruise, QuTech (Startup Track), Orange Quantum Systems |
| 6 | EIC Fund | 5 | $90M | QuantWare, Qblox, ParityQC, Seeqc, Orange Quantum Systems |
| 7 | Amadeus Capital Partners | 4 | $475M | Photonic Inc., Riverlane, Nu Quantum, Qoro Quantum |
| 8 | Bpifrance | 4 | $314M | Alice & Bob, Pasqal, Welinq, Quobly |
| 9 | NWO | 4 | $93M | QuantWare, Qblox, QuTech (Startup Track), Orange Quantum Systems |
| 10 | BDC Capital | 4 | $88M | Anyon Systems, Nord Quantique, Good Chemistry, Agnostiq |
| 11 | Creative Destruction Lab | 4 | $36M | Bleximo, Agnostiq, Cogniframe, Menten AI |
| 12 | Oxford Science Enterprises | 3 | $253M | Oxford Quantum Circuits (OQC), PQShield, Quantum Motion |
| 13 | British Patient Capital | 3 | $233M | Oxford Quantum Circuits (OQC), ORCA Computing, Quantum Motion |
| 14 | Prelude Ventures | 3 | $176M | Atom Computing, Bleximo, Zapata AI |
| 15 | DARPA | 3 | $54M | Qrypt, PolarisQB, IntelliQT |
| 16 | SGInnovate | 3 | $40M | Horizon Quantum Computing, SpeQtral, Entropica Labs |
| 17 | NVIDIA | 2 | $3.3B | PsiQuantum, SandboxAQ |
| 18 | BlackRock | 2 | $3.1B | PsiQuantum, Rigetti Computing |
| 19 | NVentures (NVIDIA) | 2 | $1.8B | QuEra Computing, Quantinuum |
| 20 | Honeywell | 2 | $1.6B | Quantinuum, Zapata AI |
| Investor | Cybersecurity/PQC | Developer Tools | Drug Discovery | Financial Services | Materials Science | Optimization | Quantum AI/ML | Quantum Algorithms | Quantum Error Correction | Quantum Hardware | Quantum Networking | Quantum Software/Cloud | Sensing/Imaging |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quantonation | 1 | 1 | 3 | 1 | 3 | 2 | 3 | 3 | 1 | 2 | |||
| In-Q-Tel | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | |||||
| EIC Accelerator | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | |||||
| NSSIF | 3 | 2 | 1 | ||||||||||
| Quantum Delta NL | 3 | 1 | 4 | 1 | 1 | ||||||||
| EIC Fund | 2 | 1 | 1 | 1 | 4 | ||||||||
| Amadeus Capital Partners | 1 | 1 | 2 | 2 | 1 | ||||||||
| Bpifrance | 1 | 3 | 1 | 1 | |||||||||
| NWO | 2 | 4 | 1 | ||||||||||
| BDC Capital | 1 | 1 | 1 | 1 | 2 | 1 | |||||||
| Creative Destruction Lab | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||
| Oxford Science Enterprises | 1 | 1 | 2 | 1 | |||||||||
| British Patient Capital | 1 | 3 | 1 | ||||||||||
| Prelude Ventures | 1 | 1 | 1 | 2 | 1 | ||||||||
| DARPA | 1 | 1 | 1 |
US West Coast
8 startups
$4.2B
US East Coast
12 startups
$1.5B
US Other
4 startups
$2.1B
Canada
10 startups
$1.1B
Europe
35 startups
$2.0B
Israel
4 startups
$527M
Asia-Pacific
8 startups
$298M