What are the latest funding news in the quantum computing market? (October 2026)

Last updated: 5 October 2026
Cover of NewMarketPitch's Quantum Computing Funding Report report, 2026 edition Is the US government now a shareholder in quantum computing? Yes, since September 2026. In May the Commerce Department offered up to $2.0B to nine quantum companies in exchange for minority stakes, and it signed six of the deals in September. Half goes to IBM’s new subsidiary Anderon, most of the rest up to $100M each to companies such as D-Wave and Rigetti. Chart from NewMarketPitch's Quantum Computing report.Beyond the US, where does quantum money go? Mostly to Europe. European start-ups recently raised about $1.9B, 27% of the $7.1B, led by the UK, France, Finland and the Netherlands. China raised about $1.2B and Israel about $0.6B. Chart from NewMarketPitch's Quantum Computing report.Is China now doing more quantum deals than the US? Far more, and now more money too. Chinese quantum start-ups closed 29 funding rounds from January to September 2026, against 6 in the US, and raised about $1.1B against $0.6B. In 2024 it was 3 rounds against 10. Chart from NewMarketPitch's Quantum Computing report.How much can one sentence move quantum stocks? A lot. When Nvidia’s boss said in January 2025 that very useful quantum computers were 15 to 30 years away, Rigetti fell 45% the next day, Quantum Computing Inc 43%, IonQ 39% and D-Wave 36%. Together, they were back to their earlier value by May. He softened his words in March and changed his mind in June. Chart from NewMarketPitch's Quantum Computing report.Do a handful of quantum start-ups take most of the money? Yes. Ten of the 92 quantum computing start-ups tracked raised about 62% of the $7.1B invested recently, led by Quantinuum and PsiQuantum, with more than $1B each. Chart from NewMarketPitch's Quantum Computing report.How much have quantum stocks lost in 2026? Most lost value. Since the end of 2025, D-Wave and Rigetti lost about half their value and IonQ about 16%. Quantinuum is worth about 40% less than at its June IPO. Of the 2026 listings, only Infleqtion is slightly above its listing deal value, IQM is slightly below, Pasqal and Xanadu far below. Chart from NewMarketPitch's Quantum Computing report.Who is each country’s quantum champion? In the US, Quantinuum and PsiQuantum, with more than $1B each raised recently. Elsewhere the champions raised a few hundred million: Origin Quantum in China, OQC in the UK, IQM in Finland, Pasqal in France and QuantWare in the Netherlands. Chart from NewMarketPitch's Quantum Computing report.Are quantum start-ups rushing to the stock market? Yes. Six listed in 2026 alone, against three big ones in 2021 and 2022. Five of the six merged with a listed shell company (a SPAC), Quantinuum raised about $1.7B in a classic IPO, and three Chinese start-ups are preparing to list at home. Chart from NewMarketPitch's Quantum Computing report.

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In October 2026, quantum computing fundraising is increasingly focused on hardware scale-up, manufacturing, control infrastructure and fault tolerance rather than basic laboratory validation.

The 12 latest qualifying deals in this screen represent roughly $1.1B of announced financing, although several Chinese rounds were disclosed only as minimum or approximate amounts.

Nine of the 12 companies are primarily quantum hardware, QPU, system or quantum-control businesses, showing how strongly capital is moving toward the physical infrastructure needed to make quantum computing deployable.

And if you want to better understand this new industry, you can get our report on quantum computing funding, valuations and who's ahead.

Insights

  • Hardware dominates this funding window: 9 of the 12 companies, or 75%, primarily build quantum processors, complete quantum computers or quantum-specific control infrastructure rather than application software.
  • The four largest quantum computing rounds, OQC, Oratomic, SpinQ and Atom Computing, represent about $897M, or roughly four-fifths of the capital announced across these 12 deals.
  • Seven of the 12 rounds were worth at least $40M, suggesting investors are increasingly willing to finance expensive quantum hardware scale-up rather than only small research-stage experiments.
  • Only Arclight Quantum and ColibriTD are clear quantum software plays, and their combined financing was around $19M, far below the capital flowing into quantum hardware and manufacturing.
  • China produced the three most recent deals in the list and four of the 12 overall, highlighting a particularly active domestic financing environment for superconducting, trapped-ion and quantum software companies.
  • The hardware bets remain technologically diversified: the list includes superconducting, trapped-ion, neutral-atom and photonic quantum computing architectures, with no single qubit modality attracting all new capital.
  • Five companies were still at pre-seed, seed, angel or pre-Series A stages, showing that investors are funding both very early quantum architectures and later commercial deployment platforms at the same time.
  • The largest rounds are increasingly tied to industrial goals such as semiconductor-compatible fabrication, fault tolerance, production lines, processor scaling and data-center deployment rather than simply increasing experimental qubit counts.

Written by the New Market Pitch teamWe track new markets so founders and investors can move faster. About us

Is China now doing more quantum deals than the US? Far more, and now more money too. Chinese quantum start-ups closed 29 funding rounds from January to September 2026, against 6 in the US, and raised about $1.1B against $0.6B. In 2024 it was 3 rounds against 10. Chart from NewMarketPitch's Quantum Computing report.

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Summary table of the latest funding deals in the quantum computing market as of October 2026

We define the quantum computing market as commercial products and services whose primary purpose is to build, enable, access, program, run, or integrate quantum computation.

We include quantum hardware systems, QPUs and quantum-computing-specific components, hosted or cloud access to quantum processors, and quantum-specific software, middleware, control, error-correction, and integration tools used to execute workloads on quantum processors.

We exclude quantum sensing, quantum communications, post-quantum cybersecurity, general-purpose classical cloud and compute, and hardware or R&D tools not sold primarily for quantum computing use.

Name When Amount in $ Round Type Category
Arclight Quantum 18 September 2026 ~$14M to $15M Series A extension Quantum software & middleware
Veku Quantum 11 September 2026 >$14M Pre-Series A Trapped-ion quantum hardware systems
SQ Computing 7 September 2026 ~$44.7M Angel+ Superconducting quantum hardware systems
S-Transistors 31 August 2026 ~$3.0M Pre-seed Quantum control electronics & components
ColibriTD 27 August 2026 ~$4.6M Seed Quantum application software & simulation
OptQC 25 August 2026 ~$47M Series A2 Photonic quantum hardware systems
ZuriQ 28 July 2026 $25.5M Seed Trapped-ion quantum hardware
Oratomic 7 July 2026 $300M Series A Neutral-atom quantum hardware
Qolab 2 July 2026 $54.2M package Series B Superconducting quantum hardware
SpinQ 30 June 2026 ~$147M Series D Full-stack superconducting quantum computing
Atom Computing 16 June 2026 $100M Series C Neutral-atom quantum hardware systems
Oxford Quantum Circuits 3 June 2026 $350M Series C Superconducting quantum systems & cloud access

All the latest funding deals in the quantum computing market as of October 2026

Arclight Quantum raised roughly $14M to $15M in September 2026.

When was it?

Arclight Quantum announced the financing on 18 September 2026.

Who are they?

Arclight Quantum develops quantum programming, compiler, EDA, control, error-correction and cloud software that can work across several quantum hardware architectures.

Geographical focus?

Arclight Quantum is based in Beijing and initially serves Chinese telecom, cloud, energy and industrial customers while building hardware-agnostic software.

Why do we include them in the quantum computing market?

Arclight Quantum directly enables users to design, program, control and execute workloads on quantum processors, placing it in the quantum software and middleware category.

What is the company stage?

Arclight Quantum is at an early commercial and early PMF stage, with software already deployed while the broader quantum application market continues to mature.

How much did they raise?

Arclight Quantum raised more than RMB100M, equivalent to roughly $14M to $15M.

What round is it?

Arclight Quantum completed a strategic Series A extension financing.

Why did they raise?

Arclight Quantum raised the capital to deepen quantum and AI integration, hire specialist talent and develop distributed quantum-chip and control technologies.

Source: Tech Startups
Beyond the US, where does quantum money go? Mostly to Europe. European start-ups recently raised about $1.9B, 27% of the $7.1B, led by the UK, France, Finland and the Netherlands. China raised about $1.2B and Israel about $0.6B. Chart from NewMarketPitch's Quantum Computing report.How big is quantum money next to AI money? Tiny. All quantum start-ups together recently raised about $7.1B. OpenAI raised about 17 times that in a single round in March 2026, and Anthropic about 9 times in May 2026. Chart from NewMarketPitch's Quantum Computing report.Is money pouring into quantum start-ups faster than ever? Yes. Quantum start-ups raised about $3.3B in 2025, four times as much as in 2024, and $3.0B in the first nine months of 2026, on pace to beat 2025. Chart from NewMarketPitch's Quantum Computing report.Are quantum computing companies keeping their promises? Not all of them. IBM says it is on track for 2029, but PsiQuantum’s first big machine is running late and Microsoft’s breakthrough chip is contested. Even Nvidia’s boss walked back his words within months. Chart from NewMarketPitch's Quantum Computing report.

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Veku Quantum raised more than $14M in September 2026.

When was it?

Veku Quantum announced its Pre-Series A financing on 11 September 2026.

Who are they?

Veku Quantum develops glass-substrate QCCD ion-trap chips, control software and complete trapped-ion quantum computing systems.

Geographical focus?

Veku Quantum is based in Beijing and initially targets Chinese research institutions and domestic quantum computing users.

Why do we include them in the quantum computing market?

Veku Quantum directly builds quantum processors and complete computers, placing it in the trapped-ion quantum hardware systems category.

What is the company stage?

Veku Quantum is at a pre-commercial and early manufacturing stage, with laboratory validation completed and small-volume deliveries reportedly underway.

How much did they raise?

Veku Quantum raised more than RMB100M, equivalent to more than roughly $14M.

What round is it?

Veku Quantum completed a Pre-Series A financing round.

Why did they raise?

Veku Quantum raised the capital to expand its production line and move complete quantum computing systems from laboratory validation toward scalable manufacturing.

Sources: 36Kr, Eastmoney

SQ Computing raised about $44.7M in September 2026.

When was it?

SQ Computing announced the financing on 7 September 2026.

Who are they?

SQ Computing builds superconducting quantum processors and complete quantum computers using manufacturing methods designed to integrate with established semiconductor production.

Geographical focus?

SQ Computing is based in Shanghai and is initially focused on industrializing superconducting quantum computing in China.

Why do we include them in the quantum computing market?

SQ Computing directly develops QPUs and complete quantum machines, placing it in the superconducting quantum hardware systems category.

What is the company stage?

SQ Computing is at an early industrialization stage and is moving its superconducting chip technology toward repeatable manufacturing processes.

How much did they raise?

SQ Computing raised RMB300M, equivalent to approximately $44.7M.

What round is it?

SQ Computing completed an Angel+ financing round.

Why did they raise?

SQ Computing raised the capital to industrialize superconducting quantum-chip production and connect quantum fabrication more closely with semiconductor manufacturing infrastructure.

S-Transistors raised about $3M in August 2026.

When was it?

S-Transistors announced its financing on 31 August 2026.

Who are they?

S-Transistors develops superconducting transistor circuits and cryogenic signal-routing electronics designed to control large quantum computers close to their processors.

Geographical focus?

S-Transistors is based in Finland and targets quantum computer developers in Europe and other global markets.

Why do we include them in the quantum computing market?

S-Transistors develops control electronics initially designed specifically for cryogenic quantum computers, placing it in the quantum-specific components and control category.

What is the company stage?

S-Transistors is at the prototype and pre-product stage, with core technology demonstrated and its first cryogenic control products under development.

How much did they raise?

S-Transistors raised €2.6M, equivalent to approximately $3.0M.

What round is it?

S-Transistors completed a pre-seed financing round.

Why did they raise?

S-Transistors raised the capital to develop prototypes, build a cryogenic laboratory, establish pilot manufacturing and expand its engineering team.

Sources: Tech.eu, EU-Startups
When will quantum computers be useful, say the people building them? Anywhere from 2029 to 2055. IBM promises a large error-corrected machine by 2029, Google’s boss said 5 to 10 years in 2025, and Nvidia’s boss said 15 to 30 years before changing his mind. Chart from NewMarketPitch's Quantum Computing report.

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ColibriTD raised about $4.6M in August 2026.

When was it?

ColibriTD announced its seed financing on 27 August 2026.

Who are they?

ColibriTD develops quantum software for multiphysics simulation, including hybrid algorithms that solve differential-equation workloads across several quantum hardware platforms.

Geographical focus?

ColibriTD is based in Paris, works with European industrial customers and is expanding its quantum simulation platform internationally.

Why do we include them in the quantum computing market?

ColibriTD turns industrial simulation problems into workloads that use quantum processors, placing it in the quantum application software and simulation category.

What is the company stage?

ColibriTD is at an early PMF and early commercialization stage, with multiple industrial co-construction projects and software connected to several quantum backends.

How much did they raise?

ColibriTD raised €4M, equivalent to approximately $4.6M.

What round is it?

ColibriTD completed a seed financing round.

Why did they raise?

ColibriTD raised the capital for algorithm R&D, specialist hiring, hardware and academic partnerships, customer projects and international expansion.

OptQC raised about $47M in August 2026.

When was it?

OptQC announced the Series A2 financing on 25 August 2026.

Who are they?

OptQC develops room-temperature photonic quantum computers and optical quantum processors designed for deployment without cryogenic refrigeration.

Geographical focus?

OptQC is based in Tokyo and is building initially in Japan while targeting global data-center and quantum computing customers.

Why do we include them in the quantum computing market?

OptQC directly designs and operates photonic quantum processors and complete systems, placing it in the photonic quantum hardware category.

What is the company stage?

OptQC is at the early commercial demonstration and scale-up stage after putting its first commercial demonstration system into operation in 2026.

How much did they raise?

OptQC raised ¥7B, equivalent to approximately $47M.

What round is it?

OptQC completed a Series A2 financing round.

Why did they raise?

OptQC raised the capital to develop a next-generation optical quantum processor, increase computing capacity and expand its research, engineering and business teams.

ZuriQ raised $25.5M in July 2026.

When was it?

ZuriQ announced the seed financing on 28 July 2026.

Who are they?

ZuriQ develops trapped-ion quantum processors using a two-dimensional micro-Penning-trap architecture designed to scale beyond conventional linear ion chains.

Geographical focus?

ZuriQ is based in Switzerland and develops processors for the global quantum computing market.

Why do we include them in the quantum computing market?

ZuriQ directly builds scalable trapped-ion quantum processor architecture, placing it in the trapped-ion quantum hardware category.

What is the company stage?

ZuriQ is at the seed and advanced R&D stage, moving from early architectural demonstrations toward processors supporting substantially larger numbers of qubits.

How much did they raise?

ZuriQ raised $25.5M in this financing round.

What round is it?

ZuriQ completed a seed financing round.

Why did they raise?

ZuriQ raised the capital to expand its scientific and engineering team, improve chip fabrication and increase the number of qubits supported by its architecture.

Who is really ahead in quantum computing, Google or IBM? Google on proof, IBM on scale. Google has the peer-reviewed error-correction results. IBM has 90+ machines in use, a $10B plan and a place in DARPA’s final stage, but its July “advantage” claim was matched on graphics chips. Chart from NewMarketPitch's Quantum Computing report.How much can one sentence move quantum stocks? A lot. When Nvidia’s boss said in January 2025 that very useful quantum computers were 15 to 30 years away, Rigetti fell 45% the next day, Quantum Computing Inc 43%, IonQ 39% and D-Wave 36%. Together, they were back to their earlier value by May. He softened his words in March and changed his mind in June. Chart from NewMarketPitch's Quantum Computing report.

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Oratomic raised $300M in July 2026.

When was it?

Oratomic announced its Series A financing on 7 July 2026.

Who are they?

Oratomic is building a fault-tolerant quantum computer based on reconfigurable neutral atoms held and manipulated with optical tweezers.

Geographical focus?

Oratomic is based in Pasadena, California, with a global target market for large-scale fault-tolerant quantum computation.

Why do we include them in the quantum computing market?

Oratomic exists specifically to build a fault-tolerant quantum computer, placing it directly in the neutral-atom quantum hardware category.

What is the company stage?

Oratomic is at the Series A and pre-product deep-tech stage and is deliberately focusing on a fault-tolerant system instead of intermediate commercial machines.

How much did they raise?

Oratomic raised $300M in this financing round.

What round is it?

Oratomic completed a Series A financing round.

Why did they raise?

Oratomic raised the capital to recruit specialists and integrate atomic physics, optics, electronics, algorithms and error correction into a fault-tolerant quantum computer.

Qolab announced a $54.2M financing package in July 2026.

When was it?

Qolab announced the Series B financing package on 2 July 2026.

Who are they?

Qolab develops semiconductor-compatible superconducting quantum processors and hardware architectures designed for utility-scale fault-tolerant quantum computers.

Geographical focus?

Qolab is based in the United States and develops quantum hardware with semiconductor manufacturing partnerships relevant to the global market.

Why do we include them in the quantum computing market?

Qolab directly designs superconducting QPUs and architectures for quantum computers, placing it in the superconducting quantum hardware category.

What is the company stage?

Qolab is at the Series B hardware scale-up stage and is working to move its superconducting designs toward scalable semiconductor manufacturing.

How much did they raise?

Qolab announced a $54.2M financing package, including preferred equity, converted securities and a future convertible commitment.

What round is it?

Qolab described the financing as its Series B round, although the $54.2M headline includes more than newly issued Series B equity.

Why did they raise?

Qolab raised the capital to advance fault-tolerant superconducting hardware, strengthen semiconductor partnerships and scale technology development and manufacturing.

SpinQ raised about $147M in June 2026.

When was it?

SpinQ announced its Series D financing on 30 June 2026.

Who are they?

SpinQ builds superconducting quantum computers, QPUs, control equipment, quantum cloud access and supporting quantum software.

Geographical focus?

SpinQ is based in Shenzhen and combines a strong Chinese commercial base with international product sales and ecosystem expansion.

Why do we include them in the quantum computing market?

SpinQ's commercial portfolio directly covers quantum processors, complete machines and quantum computing access, placing it in the full-stack superconducting quantum computing category.

What is the company stage?

SpinQ is a late-stage private and commercial scale-up company with existing quantum computing products, deployments and revenue-generating activities.

How much did they raise?

SpinQ raised RMB1B, equivalent to approximately $147M.

What round is it?

SpinQ completed a Series D financing round.

Why did they raise?

SpinQ raised the capital to develop fault-tolerant quantum computers, improve manufacturing and error correction, strengthen hardware-software integration and expand internationally.

Are two companies worth more than all other quantum stocks together? Yes. IonQ and Quantinuum are worth about $22.8B together, against about $13.5B for the five other listed quantum computing companies, D-Wave, Rigetti, Infleqtion, IQM and Quantum Computing Inc. Chart from NewMarketPitch's Quantum Computing report.

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Atom Computing raised $100M in June 2026.

When was it?

Atom Computing announced its Series C financing on 16 June 2026.

Who are they?

Atom Computing builds gate-based quantum computers using optically trapped neutral atoms, with a focus on logical qubits and fault-tolerant commercial systems.

Geographical focus?

Atom Computing is based in the United States and targets enterprise and government quantum deployments worldwide.

Why do we include them in the quantum computing market?

Atom Computing directly builds neutral-atom quantum processors and complete systems, placing it in the neutral-atom quantum hardware category.

What is the company stage?

Atom Computing is at the commercial scale-up stage, with advanced error-correction demonstrations and commercial systems being developed with ecosystem partners.

How much did they raise?

Atom Computing raised $100M in equity through its Series C round.

What round is it?

Atom Computing completed a Series C financing round.

Why did they raise?

Atom Computing raised the capital to scale neutral-atom machines, improve error correction and software, increase commercial deployments and expand its teams.

Oxford Quantum Circuits raised $350M in June 2026.

When was it?

Oxford Quantum Circuits announced its Series C financing on 3 June 2026.

Who are they?

Oxford Quantum Circuits develops superconducting quantum computers designed for conventional data-center environments and provides quantum compute access to enterprise and government customers.

Geographical focus?

Oxford Quantum Circuits is headquartered in the UK and has expanded its deployed quantum infrastructure across Europe, North America and Asia.

Why do we include them in the quantum computing market?

Oxford Quantum Circuits directly provides quantum hardware and access to superconducting quantum machines, placing it in the quantum systems and compute-access category.

What is the company stage?

Oxford Quantum Circuits is at the growth and commercial deployment stage, with systems deployed internationally and a focus on scaling enterprise-ready infrastructure.

How much did they raise?

Oxford Quantum Circuits raised £260M, equivalent to approximately $350M.

What round is it?

Oxford Quantum Circuits completed a Series C financing round.

Why did they raise?

Oxford Quantum Circuits raised the capital to expand deployed systems, enter additional international markets and accelerate commercialization of data-center-ready quantum computing.

Which governments are putting the most money into quantum computing? China, on paper. McKinsey estimated that China announced about $15B for 2021 to 2025, but a leading Chinese physicist said the real money may be a quarter of that. The US spent about $5B from 2019 to 2024, and the UK pledged up to about $6B to 2034. Chart from NewMarketPitch's Quantum Computing report.Who is fighting whom in quantum computing? Five head-to-heads. Google leads IBM on proof, Quantinuum and IonQ split quality and sales, QuEra and PsiQuantum lead their fronts, and Microsoft’s and Amazon’s new qubits are both still unproven. Chart from NewMarketPitch's Quantum Computing report.Who is betting on quantum computing besides venture firms? Tech giants, banks and governments. Nvidia backs PsiQuantum, Quantinuum and QuEra, Google put money into QuEra, and since September 2026 the US government holds stakes in several quantum companies. Chart from NewMarketPitch's Quantum Computing report.Is IonQ’s price catching up with its sales? Slowly. IonQ was worth 1,500 times its yearly sales in 2021. It is worth 54 times today, 28 times less, but still above the 10 to 30 times big tech gets. Chart from NewMarketPitch's Quantum Computing report.

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