What are the most valued startups in the quantum computing market?

Last updated: 13 July 2026

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market research pitch 2026 statistics quantum computing market

In our quantum computing market deck, you will find everything you need to understand the market

The quantum computing market now includes public companies, private hardware developers, software platforms, control-system specialists and quantum networking startups.

We update this valuation ranking every month to reflect new funding rounds, acquisitions, public market movements and other relevant company developments.

The database currently covers 97 quantum computing startups with a combined midpoint valuation of approximately $101.3 billion.

And if you want to better understand this new industry, you can download our pitch covering the quantum computing market.

A quick summary table

Metric Value
Most valuable quantum computing startup Quantinuum, $20.3B
Second most valuable quantum computing startup IonQ, $16.7B
Median quantum startup valuation Approximately $145M
Share of quantum valuation captured by the top 10 Approximately 71.7%
Top quantum startup valuation vs. median Approximately 140 times
Median quantum valuation-to-capital-raised ratio Approximately 5.2 times
Quantum computing startups valued at $1B+ 21 startups
Market map chart showing top companies and startups in the quantum computing market

This market map, featured in our quantum computing market deck, highlights top companies and startups in the quantum computing market

Top startups in the quantum computing market ranked by valuation

Here is an updated table that ranks the top startups in the quantum computing market based on their latest reported or estimated valuations.

If you want more detaild about their fundraising activity, you can check our list of the startups who have raised the most funding in the quantum computing market.

# Startup Name What They Do Current Valuation ($) Valuation Confidence Level Valuation Type Evidence Status Total Funding ($) Funding Confidence Level
1 Quantinuum Integrated quantum hardware and software $20.3B Full Confidence Public Market Cap Observed $600M Strong Confidence
2 IonQ Trapped-ion quantum computers $16.7B Full Confidence Public Market Cap Observed $1.0B Strong Confidence
3 D-Wave Systems Quantum annealing systems $7.6B Full Confidence Public Market Cap Observed $650M Strong Confidence
4 PsiQuantum Photonic fault-tolerant quantum computers $6.5B–$7.5B Strong Confidence Announced Private Round Valuation Observed $1.1B Partial Confidence
5 Rigetti Computing Superconducting quantum processors $5.7B Full Confidence Public Market Cap Observed $500M Strong Confidence
6 Terra Quantum Quantum security and AI solutions $3.3B–$3.7B Strong Confidence IPO or Listing Range Valuation Observed $86M Partial Confidence
7 Xanadu Photonic quantum computing platform $3.3B–$3.5B Strong Confidence Public Market Cap Observed $250M Strong Confidence
8 Oxford Quantum Circuits Superconducting quantum computers $2.3B–$4.4B Partial Confidence Implied Valuation from Raise Implied $500M Strong Confidence
9 Origin Quantum Full-stack superconducting quantum computers $3.1B Strong Confidence Announced Private Round Valuation Observed $609M+ Partial Confidence
10 Pasqal Neutral-atom quantum systems $1.8B–$2.2B Partial Confidence Active Raise Valuation Estimated $250M Partial Confidence
11 Photonic Distributed photonic quantum computing $1.9B–$2.1B Strong Confidence Announced Private Round Valuation Observed $350M Strong Confidence
12 Quantum Computing Inc. Integrated photonic quantum systems $2.0B Full Confidence Public Market Cap Observed $1.6B Partial Confidence
13 Horizon Quantum Computing Quantum software development tools $1.8B Full Confidence Public Market Cap Observed $21M Strong Confidence
14 QuantWare Superconducting quantum processors $1.2B–$1.8B Strong Confidence Implied Valuation from Raise Implied $207M Strong Confidence
15 SpinQ Desktop superconducting quantum computers $1.0B–$1.9B Partial Confidence Implied Valuation from Raise Implied $309M+ Partial Confidence
16 Nord Quantique Error-corrected superconducting qubits $1.4B Full Confidence Announced Private Round Valuation Observed $38M Full Confidence
17 Quantum Motion Silicon transistor quantum computers $1.1B–$1.6B Strong Confidence Implied Valuation from Raise Implied $236M Strong Confidence
18 Oxford Ionics Trapped-ion quantum processor chips $1.1B Full Confidence Acquisition Value Observed $40M Full Confidence
19 TuringQ Photonic quantum chips and systems $1.0B–$1.2B Strong Confidence Announced Private Round Valuation Observed $232M Partial Confidence
20 QuEra Computing Neutral-atom quantum computers $850M–$1.2B Partial Confidence Announced Private Round Valuation Observed $300M Partial Confidence
21 SEEQC Digital quantum control chips $900M–$1.1B Strong Confidence Announced Private Round Valuation Observed $52M Partial Confidence
22 Quobly Silicon quantum computing processors $700M–$1.0B Strong Confidence Implied Valuation from Raise Implied $163M Strong Confidence
23 Atom Computing Neutral-atom quantum computers $670M–$830M Partial Confidence Comparables-Based Estimate Estimated $190M Partial Confidence
24 Quantum Machines Quantum control hardware $650M–$800M Partial Confidence Comparables-Based Estimate Estimated $200M Strong Confidence
25 Quantum Art Modular trapped-ion quantum computers $500M–$800M Strong Confidence Announced Private Round Valuation Estimated $124M Full Confidence
26 Q-CTRL Quantum control infrastructure software $450M–$700M Partial Confidence Implied Valuation from Raise Implied $166M Partial Confidence
27 Qolab Superconducting quantum computing hardware $360M–$680M Partial Confidence Implied Valuation from Raise Implied $77M Partial Confidence
28 Classiq Quantum software development platform $400M–$550M Partial Confidence Announced Private Round Valuation Observed $185M Partial Confidence
29 Quantum Circuits Error-corrected superconducting computers $350M–$550M Partial Confidence Implied Valuation from Raise Implied $105M Strong Confidence
30 eleQtron Trapped-ion quantum computers $340M–$560M Strong Confidence Implied Valuation from Raise Implied $85M Strong Confidence
31 Equal1 Silicon quantum servers $300M–$500M Strong Confidence Implied Valuation from Raise Implied $73M Partial Confidence
32 Nu Quantum Distributed quantum networking hardware $300M–$500M Strong Confidence Implied Valuation from Raise Implied $74M Strong Confidence
33 planqc Neutral-atom quantum computers $300M–$500M Partial Confidence Implied Valuation from Raise Implied $59M Strong Confidence
34 Quantum Source Scalable photonic quantum computers $280M–$450M Partial Confidence Implied Valuation from Raise Implied $77M Full Confidence
35 Lightsynq Photonic quantum processor interconnects $360M Full Confidence Acquisition Value Observed $18M Full Confidence
36 Riverlane Quantum error-correction technology $300M–$380M Strong Confidence Announced Private Round Valuation Observed $118M Strong Confidence
37 Phasecraft Industrial quantum algorithms $250M–$380M Strong Confidence Implied Valuation from Raise Implied $56M Full Confidence
38 IQM Quantum Computers On-premise superconducting quantum computers $290M–$330M Partial Confidence Public Market Cap Observed $280M Strong Confidence
39 Huayi Boao Ion-trap quantum computers $180M–$350M Partial Confidence Implied Valuation from Raise Implied $16M+ Low Confidence
40 SemiQon Silicon quantum processors $180M–$300M Partial Confidence Implied Valuation from Raise Implied $18M Partial Confidence
41 Algorithmiq Quantum algorithms for life sciences $160M–$250M Strong Confidence Implied Valuation from Raise Implied $42M Strong Confidence
42 Quantum Computing Technology Quantum hardware and services $100M–$300M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
43 QpiAI Integrated quantum and AI computing $160M–$240M Partial Confidence Implied Valuation from Raise Implied $48M Partial Confidence
44 QC Ware Enterprise quantum algorithms software $150M–$250M Low Confidence Comparables-Based Estimate Estimated $33M Partial Confidence
45 Silicon Quantum Computing Atomic silicon quantum processors $150M–$220M Partial Confidence Comparables-Based Estimate Estimated $147M Partial Confidence
46 QuamCore Scalable superconducting quantum architecture $130M–$200M Partial Confidence Implied Valuation from Raise Implied $35M Full Confidence
47 Qedma Quantum error-mitigation software $130M–$190M Strong Confidence Implied Valuation from Raise Implied $31M Full Confidence
48 Qblox Quantum control electronics $120M–$200M Partial Confidence Comparables-Based Estimate Estimated $32M Strong Confidence
49 Quantum Brilliance Diamond quantum accelerator hardware $110M–$180M Partial Confidence Implied Valuation from Raise Implied $56M Partial Confidence
50 Kiutra Helium-free quantum cooling systems $100M–$170M Strong Confidence Implied Valuation from Raise Implied $35M+ Partial Confidence
51 Diraq Silicon spin-qubit processors $100M–$160M Partial Confidence Comparables-Based Estimate Estimated $86M Partial Confidence
52 Strangeworks Enterprise quantum cloud platform $110M–$140M Strong Confidence Comparables-Based Estimate Estimated $28M Full Confidence
53 ORCA Computing Photonic quantum computers $90M–$160M Partial Confidence Comparables-Based Estimate Estimated $19M Full Confidence
54 C12 Quantum Electronics Carbon-nanotube quantum processors $90M–$150M Partial Confidence Implied Valuation from Raise Implied $29M Strong Confidence
55 QuiX Quantum Photonic quantum computers $90M–$150M Strong Confidence Implied Valuation from Raise Implied $23M Strong Confidence
56 QunaSys Quantum chemistry software $80M–$130M Partial Confidence Implied Valuation from Raise Implied $24M Strong Confidence
57 Groove Quantum Germanium spin-qubit processors $75M–$125M Partial Confidence Implied Valuation from Raise Implied $19M Partial Confidence
58 Nanofiber Quantum Technologies Nanofiber quantum interconnect hardware $70M–$120M Strong Confidence Implied Valuation from Raise Implied $24M Strong Confidence
59 Orange Quantum Systems Automated quantum-chip testing $70M–$120M Partial Confidence Implied Valuation from Raise Implied $15M Full Confidence
60 Quandela Photonic quantum computers $70M–$120M Low Confidence Revenue or ARR Multiple Estimate Estimated $71M Partial Confidence
61 Delft Circuits Cryogenic quantum cabling $65M–$110M Partial Confidence Implied Valuation from Raise Implied $18M Strong Confidence
62 1QBit Enterprise quantum computing software $60M–$110M Low Confidence Comparables-Based Estimate Estimated $45M Partial Confidence
63 Quanscient Quantum-native engineering simulation software $60M–$100M Strong Confidence Implied Valuation from Raise Implied $22M Full Confidence
64 QphoX Quantum network modem transducers $58M–$96M Strong Confidence Implied Valuation from Raise Implied $12M Strong Confidence
65 OptQC Optical continuous-variable quantum computers $50M–$85M Strong Confidence Implied Valuation from Raise Implied $14M Strong Confidence
66 Anyon Systems Superconducting quantum computing systems $40M–$90M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
67 Atlantic Quantum Superconducting quantum hardware $40M–$80M Low Confidence Acquisition Value Estimated $9M Full Confidence
68 Qilimanjaro Quantum Tech Analog full-stack quantum computers $45M–$70M Partial Confidence Implied Valuation from Raise Implied $13M Low Confidence
69 Haiqu Hardware-aware quantum operating system $45M–$70M Strong Confidence Implied Valuation from Raise Implied $15M Full Confidence
70 Universal Quantum Modular trapped-ion quantum computers $35M–$70M Partial Confidence Comparables-Based Estimate Estimated $5M Partial Confidence
71 Kipu Quantum Industrial quantum algorithm software $35M–$55M Partial Confidence Comparables-Based Estimate Estimated $15M Strong Confidence
72 EeroQ Electrons-on-helium quantum processors $30M–$60M Partial Confidence Comparables-Based Estimate Estimated $7M Strong Confidence
73 QuantrolOx Quantum-device characterization software $35M–$50M Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
74 BlueQubit Cloud quantum software platform $32M–$45M Partial Confidence Comparables-Based Estimate Estimated $10M Strong Confidence
75 Entropica Labs Quantum algorithm development software $28M–$46M Partial Confidence Implied Valuation from Raise Implied $7M Strong Confidence
76 Pixel Photonics Superconducting single-photon detector chips $25M–$38M Strong Confidence Implied Valuation from Raise Implied $13M Strong Confidence
77 TreQ On-premise quantum computing clusters $25M–$35M Strong Confidence Implied Valuation from Raise Implied $5M+ Full Confidence
78 ParityQC Quantum chip architecture software $20M–$40M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
79 BosonQ Psi Quantum engineering simulation software $22M–$35M Strong Confidence Implied Valuation from Raise Implied $7M Partial Confidence
80 Aegiq Photonic quantum computers and networks $18M–$30M Partial Confidence Comparables-Based Estimate Estimated $5M Partial Confidence
81 qBraid Quantum development cloud platform $15M–$30M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
82 ZuriQ Mobile trapped-ion quantum processors $17M–$28M Strong Confidence Implied Valuation from Raise Implied $4M Full Confidence
83 Quantistry Quantum-AI chemical simulation software $15M–$27M Partial Confidence Implied Valuation from Raise Implied $3M Strong Confidence
84 Qruise Quantum control optimization software $15M–$25M Partial Confidence Revenue or ARR Multiple Estimate Estimated Not provided Low Confidence
85 Quantagonia Hybrid quantum optimization platform $12M–$25M Low Confidence Acquisition Value Estimated $5M Partial Confidence
86 Qubic Technologies Cryogenic quantum signal amplifiers $10M–$17M Strong Confidence Implied Valuation from Raise Implied $3M Full Confidence
87 Arctic Instruments Quantum microwave amplifier hardware $10M–$16M Partial Confidence Implied Valuation from Raise Implied $3M Full Confidence
88 QPerfect Quantum emulation and digital twins $10M–$15M Strong Confidence Acquisition Value Implied $2M Strong Confidence
89 Menten AI AI-designed therapeutic peptide discovery $8M–$15M Low Confidence Proxy-Based Estimate Estimated $4M Partial Confidence
90 Rotonium Photonic edge quantum processors $9M–$13M Strong Confidence Announced Private Round Valuation Observed $1M Full Confidence
91 Quanfluence Photonic quantum optimization systems $8M–$14M Partial Confidence Implied Valuation from Raise Implied $2M Full Confidence
92 Anaqor Enterprise quantum computing platform $5M–$12M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
93 SilQ Connect Modular quantum processor interconnects $5M–$12M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
94 Molecular Quantum Solutions Molecular simulation and chemistry software $4M–$8M Low Confidence Proxy-Based Estimate Estimated $1M Low Confidence
95 Quantum Rings Cloud quantum simulation software $3M–$8M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
96 SoftQuantus Governed quantum operations infrastructure $3M–$5M Low Confidence Implied Valuation from Raise Implied $1M Low Confidence
97 Bleximo Application-specific superconducting accelerators $2M–$6M Low Confidence Proxy-Based Estimate Estimated $2M Full Confidence
Chart comparing the 2026 size of the quantum computing market with other markets of similar size

This chart, included in our quantum computing market deck, compares the 2026 size of the quantum computing market with other markets of similar size

Key valuation trends in the quantum computing market

Insights

  • The quantum computing market is highly concentrated. The ten largest startups represent approximately 71.7% of the database’s combined midpoint valuation, despite accounting for only about 10% of the companies.
  • Quantinuum, IonQ, D-Wave Systems and Rigetti Computing carry a combined value of about $50.3 billion after raising $2.75 billion, equal to more than 18 dollars of valuation per dollar raised.
  • Quantinuum alone is valued at $20.3 billion, approximately 140 times the median quantum startup valuation and more than the combined value of D-Wave Systems and Rigetti Computing.
  • Oxford Ionics and Lightsynq generated approximately $1.46 billion in acquisition value from only $58 million of combined funding, highlighting strong strategic demand for quantum processors and interconnect technology.
  • Photonic quantum companies receive very different market premiums. Xanadu has a midpoint valuation near $3.4 billion on $250 million of funding, while Photonic reaches about $2.0 billion after raising $350 million.
  • Quantum networking is becoming a separate investment category. Nu Quantum and QphoX have a combined midpoint valuation near $477 million after raising approximately $86 million.
  • Quantum software can create meaningful value with less capital than full hardware platforms. Riverlane, Phasecraft, Algorithmiq, Qedma and Strangeworks represent about $1 billion in midpoint value on roughly $275 million of funding.
  • The median valuation-to-capital-raised ratio is approximately 5.2 times across companies with available funding data, but several specialized businesses significantly exceed this level.
Chart showing IonQ’s strategy in the quantum computing market

This chart, included in our quantum computing market deck, looks at IonQ’s strategy in quantum computing

A few word about our methodology

As you can see, we built a database that ranks startups in the quantum computing market based on their current valuation.

Estimating quantum computing startup valuations is not always straightforward. Many companies do not publicly disclose their valuation, and the available information can vary widely depending on the company, its financing stage and its technical approach.

To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.

Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed companies, or official acquisition prices.

When a quantum computing company is publicly listed, we use its current market capitalization as the reference valuation.

If a company was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.

When a quantum computing startup recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.

In some cases, we also estimate valuations using operating metrics such as revenue, ARR, customer traction, hardware deliveries or commercial contracts, combined with valuation multiples from comparable quantum computing companies.

When direct financial data is not available, we may rely on carefully selected comparable startups and other signals such as hiring growth, investor quality, technical milestones, partnerships, government contracts or product traction.

Quantum computing companies are not all directly comparable. Hardware developers usually require more capital than software companies, while processors, control systems, cooling equipment, networking components and error-correction platforms can follow different commercial models.

We therefore compare each company with relevant businesses that use similar quantum technologies or serve a similar part of the value chain.

All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by strong operating metrics and comparable company analysis.

We also carefully evaluate the age of every data point. Recent information carries more weight, while older data is treated cautiously and adjusted conservatively when necessary.

Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.

Because valuation data is not always fully public, each quantum computing startup in the ranking is assigned a confidence level based on the reliability, recency and consistency of the available evidence.

Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.

When confidence is lower, we take a more conservative approach by widening the valuation range. This helps reflect the uncertainty and increases the probability that the true valuation falls within the estimated range.

For valuation ranges, the summary calculations use the midpoint between the lower and upper values. Companies without available funding information are excluded from calculations that compare valuation with capital raised.

This reflects how we conduct all our research, including the work behind our report covering the quantum computing market.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Chart showing the projected CAGR of the quantum computing market

This chart, included in our quantum computing market deck, illustrates yearly funding for quantum computing startups

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- What has changed recently in the quantum computing market?

- How funding activity has changed in quantum computing

- What are the key fundraising trends in quantum computing?

- What is the true size of the quantum computing market?

- The full range of business models in quantum computing

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