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TQI Releases Q1 2023 Report: Boosts in Funding, Concerns About Valuations


The Quantum Insider announced that it published TQI’s Q1 2023 quarterly report, which covers the entire quantum industry and spotlights both commercial and government investments.

In light of a string of global economic woes, the quantum community entered the first quarter of the new year with considerable trepidations. Predictions leaned toward a considerably more subdued first quarter compared to the previous rocket ship openings in 2021 and 2022. 

Contrary to these well-founded speculations, the quantum industry thrived in the first quarter. Private funding for quantum startups remains strong and government interest and funding, arguably, is heating up. It’s not all good news though. Compressing valuations and delisting threats tamped down the exuberance in Q1. 

Research news also points to a steady pace of important scientific advances.

Highlights for this quarterly report include:

  • Just under $500 million raised to date in 2023
  • National governments are doubling down on quantum — including £2.5 billion from the UK government.
  • China is drawing global attention for its quantum ambitions.

For more news and insights, you can access TQI’s Q1 quarterly report here.

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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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