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Quantum Q2 2023: Quarter Closes With $108 Million in New Private Capital, Landmark Research Advances

2023 q2 report

The quantum industry saw $108 million in new private capital enter the market during the second quarter of 2023, as research institutions and businesses, alike made impressive advances to bring quantum advantage to the real world, according to The Quantum Insider’s quarterly report.

From April to June, 2023, there were 16 newly disclosed private funding rounds that drove the total funding above nine figures. Those rounds included a $24 million Series A for Strangeworks, an Austin, TX-based quantum computing software company.

Meanwhile, scientists announced achievements, including two teams that are moving topological quantum computing toward real-world use. For example, Quantinuum researchers announced they created non-Abelian topological quantum matter. Many experts believe topological quantum computers are the best option for the development of general quantum computers, devices that are not significantly hampered by noise in the environment that can throw off sensitive quantum calculations.

Data for the quarterly report is driving by The Quantum Insider’s Intelligence Platform.

You can read the full report here.

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

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Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

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Araceli Venegas

Company Speaker

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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