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TQD’s Second Quarter Report Shows Surge of Funding for Quantum Companies

2021 Q2 Report
2021 Q2 Report
Q2 2021 report indicates growing interest in quantum technologies from investors, governments.

The second quarter for 2021 shows that quantum technologies continue to be an area of intense — and growing — interest for both commercial and governmental funding, according to The Quantum Daily and The Quantum Insider.

Data show that about $600 million (US) in new private capital flowed into quantum startups during the quarter. That figure is more than doubled to $1.3 billion (US) in total private capital, including special acquisition company (SPAC) funding, year-to-date. Information from TQI highlights some of the bigger funding efforts, including $400 million SPAC for UK-based Arqit, which implies a $1.4 billion market cap, and Xanadu, a photonic quantum computing company, announced it raised $100 million (US) in Series B financing.

While no game-changing quantum researchers breakthroughs were announced during the quarter, scientists from both public and commercial institutions report making dramatic headway in using quantum technologies for practical purposes. These research teams are demonstrating successful use cases and pinpointing areas of future research into use cases in a variety of industries and fields, including finance and sustainable energy.

You can review the Q2 report and previous reports for free here.

If you found this article to be informative, you can explore more current quantum news here, exclusives, interviews, and podcasts.

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

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What: GenMat Webinar

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Jake Vikoren

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Deep Prasad

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Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

Company Speaker

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