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.
You can read TQI’s Q3 2023 report here.