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TQI Annual Report Looks Back on $3.2 Billion in Investments, Steady Stream of Scientific Advances of 2021

2021 Annual Report Cover
2021 Annual Report Cover
The Quantum Annual uses stories and data from TQI’s data platform to summarize the scientific and financial highlights of 2021.

The TQI Annual Report sums up an intense —  i.e. crazy — year in quantum.

From mega-mergers to public listings and from new reports of quantum supremacy to steady progress on quantum advantage, the industry’s entrepreneurs and research teams had no shortage of headlines in 2021.

The numbers speak for themselves.

According to TQI, about $3.2 billion in total private funding was announced during the year, including special purpose acquisition companies, or SPACs. In just Quarter 4 of 2021, a total of $1 billion of private capital was invested in quantum technology companies.

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In research, teams of scientists from businesses and research institutions around the globe have made progress in developing the technologies necessary to build the quantum industry — from error-correction to natural language processing. Teams working on quantum hardware approaches have also made stunning advances toward quantum advantage and even quantum supremacy.

 

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

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Jake Vikoren

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Deep Prasad

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Araceli Venegas

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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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