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TQI’s Q3 2023 Quarterly Report: Funding Dwindles As Research Advances Surge

TQI Quantum Quarterly Report q3 2023

The funding malaise that has struck most every industry finally caught up to quantum, The Quantum Insider’s Q3 2023 report shows. After months and years of growing investment interest in quantum technologies, the industry took a precipitous slide in the summer months, after a declining Q2.

While there were reports of several raises during the summer, the number and size were off considerably compared to similar quarters in previous years. Some companies even had to scale back their raises as investors failed to deliver the amounts that, months previously, appeared guaranteed.

What the quarterly report also suggests, though, is that while investment interest is waning, research advances are continuing and the scientific teams — both academic and commercial — are chipping away at key hurdles to the adoption of quantum. Some appear to be headed toward the breakthrough status.

If research makes quantum less risky and more viable and even timid investors sense that shift, we could expect, perhaps not overnight or even in months, eventually quantum investment will heat up. And it could heat up dramatically.

The quarterly report also includes leading business and research stories, along with industry insights.

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You can read TQI’s Q3 2023 report here.

For more market insights, check out our latest quantum computing news 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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