Which startups have raised the most funding in the quantum software market?
Updated monthly list of the top quantum software market startups, ranked by cumulative funding raised

In our updated market reports, you will find everything you need
The quantum software market is still young, but funding is already concentrated around a small group of full-stack platforms, quantum infrastructure companies, and enterprise software specialists.
We update this list every month to keep the ranking fresh as new rounds, public listings, and strategic financings are announced.
This ranking focuses on cumulative funding raised, which helps investors quickly see which quantum software startups have attracted the most capital so far.
A quick summary table
| Metric | Value |
|---|---|
| Most funded startup | Quantinuum, with $2.9B raised |
| Second most funded startup | Quantum Computing Inc., with $1.6B raised |
| Largest funding round | Quantinuum, $1.7B in June 2026 |
| Median funding | $24M across the ranked quantum software startups |
| Share of funding captured by the top 10 | About 78.6% of total ranked funding |
| Median time since last round | About 12 months |
| Startups that raised funding in the last 12 months | 36 startups |
| Quantum software startups above $100M raised | 18 companies |
| Active private quantum software funding pool | About $4.21B |
| Top 5 quantum software funding concentration | About 63.9% of total ranked funding |
Top startups in the quantum software market ranked by total funding raised
Here is an updated table that ranks the top startups in the quantum software market based on the total amount of funding raised to date.
The table also includes the total number of funding rounds, the date and size of the latest round, the financing type, key investors, the startup’s current status, and a confidence score based on the data collected.
| # | Startup | What They Do | Total Raised ($) | Total Rounds | Last Round Date | Last Round Amount ($) | Last Round Type | Key Investors | Current Stage | Confidence |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Quantinuum | Full-stack quantum computing software | $2.9B | 4 | June 2026 | $1.7B | IPO | Honeywell, JPMorganChase, NVentures | IPO | Strong |
| 2 | Quantum Computing Inc. | Photonic quantum computing systems | $1.6B | 6 | October 2025 | $750M | Private placement | Existing shareholders | IPO | Partial |
| 3 | SandboxAQ | Enterprise quantitative AI software | $950M | 5 | April 2025 | $150M | Series E extension | Google, NVIDIA, BNP Paribas | Active | Partial |
| 4 | D-Wave Quantum | Quantum systems and cloud software | $855M | 16 | July 2025 | $400M | ATM equity offering | Public-market investors | IPO | Partial |
| 5 | Infleqtion | Neutral-atom quantum systems | $809M | 6 | February 2026 | $550M | IPO / SPAC | Churchill Capital Corp X, Maverick Capital, Counterpoint Global | IPO | Strong |
| 6 | Xanadu | Photonic quantum computing software | $525M | 5 | March 2026 | $275M | PIPE / public-listing equity | AMD, Georgian, Bessemer Venture Partners | IPO | Strong |
| 7 | PASQAL | Neutral-atom quantum computing platform | $323M | 3 | March 2026 | $184M | Pre-IPO equity | Parkway, Quanta Computer, LG Electronics | Active | Partial |
| 8 | SpinQ Technology | Quantum computers and software | $280M | 5 | June 2026 | $140M | Series D | Guotai Junan, Cornerstone Capital, Sichuan Zhenxing | Active | Low |
| 9 | Multiverse Computing | Quantum-inspired AI compression software | $267M | 5 | June 2025 | $215M | Series B | Bullhound Capital, HP Tech Ventures, SETT | Active | Strong |
| 10 | QuEra Computing | Neutral-atom quantum computing | $247M | 4 | September 2025 | Undisclosed | Series B extension | NVentures, Google, SoftBank Vision Fund 2 | Active | Strong |
| 11 | TuringQ | Photonic quantum computing platform | $230M | 8 | April 2026 | Undisclosed | Strategic financing | National Venture Capital Guidance Fund, Fosun Capital, SenseTime | Active | Partial |
| 12 | Classiq | Quantum software development platform | $200M | 6 | November 2025 | Undisclosed | Strategic up-round | AMD Ventures, Qualcomm Ventures, IonQ | Active | Partial |
| 13 | Atom Computing | Neutral-atom quantum computers | $190M | 5 | June 2026 | $100M | Series C | Third Point Ventures, DCVC, Cisco Investments | Active | Strong |
| 14 | QBoson | Photonic quantum computing systems | $145M | 2 | March 2026 | $145M | Series B | Beijing Financial Holdings Group, ICBC Capital, Addor Capital | Active | Partial |
| 15 | Horizon Quantum Computing | Quantum software infrastructure | $141M | 3 | March 2026 | $120M | IPO / SPAC | dMY Squared Technology Group, Sequoia Capital India, Tencent | IPO | Full |
| 16 | Alice & Bob | Fault-tolerant cat-qubit computing | $137M | 3 | January 2025 | $104M | Series B | Future French Champions, AVP, Bpifrance | Active | Full |
| 17 | Q-CTRL | Quantum control infrastructure software | $128M | 6 | October 2024 | $59M | Series B-2 | GP Bullhound, Salesforce Ventures, Airbus Ventures | Active | Partial |
| 18 | Riverlane | Quantum error correction software | $118M | 4 | August 2024 | $75M | Series C | Planet First Partners, ETF Partners, EDBI | Active | Full |
| 19 | Terra Quantum | Quantum-as-a-service platform | $86M | 5 | August 2024 | Undisclosed | Equity round | Lakestar, Investcorp | Active | Partial |
| 20 | Q.ANT | Photonic processing for AI | $80M | 2 | October 2025 | $8M | Series A second close | Cherry Ventures, UVC Partners, Duquesne Family Office | Active | Strong |
| 21 | Zapata AI | Quantum applications software | $77M | 13 | April 2026 | $15M | Strategic financing | Triatomic Capital, Comcast Ventures, Prelude Ventures | IPO | Partial |
| 22 | eleQtron | Trapped-ion quantum computing platform | $73M | 2 | May 2026 | $67M | Series A | Schwarz Digits, EIC Fund, Earlybird | Active | Strong |
| 23 | Quandela | Photonic quantum computers | $71M | 2 | November 2023 | $54M | Series B | Serena, Crédit Mutuel Innovation, EIC Fund | Active | Strong |
| 24 | planqc | Neutral-atom quantum computers | $59M | 2 | July 2024 | $54M | Series A | CATRON Holding, DTCF, UVC Partners | Active | Strong |
| 25 | Phasecraft | Practical quantum algorithms | $56M | 4 | September 2025 | $34M | Series B | Plural, Playground Global, Novo Holdings | Active | Full |
| 26 | QpiAI | Quantum AI enterprise platform | $48M | 3 | December 2025 | $10M | Early-stage follow-on | Valour Capital | Active | Partial |
| 27 | Algorithmiq | Quantum algorithms for drug discovery | $40M | 3 | May 2026 | $21M | Venture / growth round | United Ventures, CDP Venture Capital, Inventure | Active | Strong |
| 28 | 1QBit | Quantum optimization software platform | $35M | 3 | November 2017 | $35M | Series B | Fujitsu, Accenture, Allianz | Active | Partial |
| 29 | QC Ware | Quantum algorithms for enterprises | $32M | 2 | September 2021 | $25M | Series B | Koch Disruptive Technologies, Covestro, Citi | Active | Full |
| 30 | QEDMA Quantum Computing | Quantum error mitigation software | $31M | 2 | July 2025 | $26M | Series A | Glilot Capital Partners, IBM, Korean Investment Partners | Active | Strong |
| 31 | Qutwo | Hybrid AI quantum orchestration | $29M | 1 | May 2026 | $29M | Angel | Yuri Milner, Xavier Niel, Niklas Zennström | Active | Full |
| 32 | Strangeworks | Quantum computing access platform | $28M | 2 | March 2023 | $24M | Series A | Hitachi Ventures, IBM Ventures, RTX Ventures | Active | Full |
| 33 | Qubit Pharmaceuticals | Quantum drug discovery simulation | $24M | 2 | June 2022 | $17M | Seed | XAnge, Omnes Capital, Quantonation | Active | Strong |
| 34 | QunaSys | Quantum chemistry software algorithms | $24M | 6 | November 2024 | $11M | Series B2 | SPARX, JIC VGI, Fujitsu Ventures | Active | Partial |
| 35 | QuiX Quantum | Photonic quantum processors | $23M | 2 | July 2025 | $18M | Series A | Invest-NL, EIC Fund, PhotonVentures | Active | Strong |
| 36 | Quanscient | Cloud quantum simulation software | $22M | 3 | May 2026 | $12M | Series A | 55 North, B&C Group, Crowberry Capital | Active | Strong |
| 37 | ORCA Computing | Photonic quantum computers | $19M | 2 | June 2022 | $15M | Series A | Octopus Ventures, Oxford Science Enterprises, Quantonation | Active | Full |
| 38 | Aliro Quantum | Quantum network security software | $18M | 3 | February 2026 | $15M | Series B / venture round | Gutbrain Ventures, Cisco Investments, Argon Ventures | Active | Strong |
| 39 | QANplatform | Quantum-resistant blockchain platform | $17M | 2 | December 2023 | $15M | Series A / VC investment | MBK Holding, Fairum Ventures, BlackDragon | Active | Partial |
| 40 | HQS Quantum Simulations | Quantum chemistry simulation software | $16M | 2 | January 2022 | $14M | Series A | Quantonation, UVC Partners, HTGF | Active | Full |
| 41 | Haiqu | Quantum processor software | $15M | 2 | January 2026 | $11M | Seed | Primary Venture Partners, Qudit Investments, Alumni Ventures | Active | Full |
| 42 | ProteinQure | Computational peptide drug design | $15M | 2 | May 2025 | $11M | Series A | Heron Rock Fund, Golden Ventures, Kensington Capital | Active | Strong |
| 43 | Quantum Generative Materials | AI materials discovery platform | $15M | 1 | June 2021 | $15M | Seed / strategic investment | Comstock Inc. | Acquired | Strong |
| 44 | Kipu Quantum | Hardware-specific quantum algorithms | $14M | 2 | December 2023 | $12M | Seed | HV Capital, DeepTech & Climate Fonds, Quantonation | Active | Full |
| 45 | QSimulate | Quantum molecular simulation software | $11M | 4 | November 2025 | Undisclosed | Additional Seed | Embark Ventures | Active | Partial |
| 46 | Quside | Quantum randomness cybersecurity | $11M | 2 | July 2023 | $11M | Series A | TRUMPF Ventures, Bullnet Capital, Demium Capital | Active | Partial |
| 47 | Kvantify | Quantum software for life sciences | $11M | 1 | June 2024 | $11M | Seed | Dreamcraft Ventures, Lundbeckfonden BioCapital, 2degrees | Active | Full |
| 48 | BlueQubit | Enterprise quantum software tools | $10M | 2 | July 2024 | $10M | Seed | Nyca Partners, Restive, Chaac Ventures | Active | Strong |
| 49 | Quantropi | Quantum-secure cybersecurity platform | $10M | 1 | September 2023 | $10M | Seed | Undisclosed | Active | Low |
| 50 | Qunova Computing | Quantum chemistry industrial software | $10M | 2 | August 2025 | $10M | Series A | GS Ventures, Korea Development Bank, Quantum Ventures Korea | Active | Strong |
| 51 | LuxQuanta | Quantum-safe cybersecurity systems | $9M | 2 | October 2025 | $9M | Series A | Big Sur Ventures, A&G, EIC Fund | Active | Partial |
| 52 | Nord Quantique | Error-corrected quantum computers | $7M | 1 | February 2022 | $7M | Seed | BDC Capital, Quantonation, Real Ventures | Active | Full |
| 53 | Qnami | Quantum sensing microscopes | $7M | 2 | May 2021 | $4M | Series A | Runa Capital, SIT Capital, Quantonation | Active | Strong |
| 54 | BosonQ Psi | Quantum simulation software | $7M | 3 | July 2025 | $2M | Seed-II / extension | Monta Vista Capital, New York Ventures, Arc Ventures | Active | Partial |
| 55 | evolutionQ | Quantum-safe cybersecurity software | $6M | 2 | February 2025 | $1M | Series A extension | MK Venture Capital, Quantonation | Active | Partial |
| 56 | Iceberg Quantum | Quantum error-detection software | $6M | 1 | February 2026 | $6M | Seed | Blackbird Ventures, DCVC, LocalGlobe | Active | Strong |
| 57 | Quantagonia | Hybrid quantum optimization platform | $5M | 2 | July 2023 | Undisclosed | Seed | Tensor Ventures, Voima Ventures, BMH | Active | Partial |
| 58 | Kuano | Quantum AI drug discovery | $4M | 2 | September 2023 | $2M | Seed extension | Mercia Ventures, ACF Investors, Ascension Ventures | Active | Full |
| 59 | MemComputing | Physics-inspired optimization computing | $3M | 3 | November 2025 | Undisclosed | Series A | Not publicly disclosed | Active | Partial |
| 60 | QPerfect | Quantum emulation software | $2M | 1 | November 2025 | $2M | Strategic equity | BTQ Technologies | Acquired | Partial |
| 61 | Jij | Quantum optimization software | $2M | 1 | August 2020 | $2M | Series A | ANRI, DEEPCORE, MIRAI SOUZOU | Active | Partial |
| 62 | BEIT | Quantum molecular modeling software | $1M | 1 | October 2019 | $1M | Seed | Kindred Capital, Bloomberg Beta, DCVC | Active | Strong |
| 63 | QMatter | Quantum compression platform | $1M | 1 | April 2026 | $1M | Pre-seed | 55 North, XTX Ventures, Bellstate | Active | Full |
| 64 | QodeX Quantum | Quantum-native AI models | $1M | 2 | January 2026 | $1M | Seed / Venture | Not disclosed | Active | Partial |
| 65 | Qoro Quantum | Hybrid quantum-classical orchestration | $1M | 1 | April 2026 | $1M | Pre-Seed | Ada Ventures, Superangels Venture Fund, Polsky Center | Active | Full |
| 66 | MagiQware | Magic-state factory optimization | $1M | 1 | July 2026 | $1M | Pre-Seed | LUMO Labs, Graduate Ventures, Delft Enterprises | Active | Full |
Key funding trends in the quantum software market
Insights
- Quantum software funding is highly concentrated, with the top 10 startups capturing about 78.6% of ranked capital, even though the market includes dozens of smaller specialists.
- Quantinuum alone represents about 26% of total ranked quantum software funding, which shows how much investor attention has moved toward full-stack quantum platforms.
- The top 5 quantum software companies raised about $7.11B combined, which means late-stage platforms dominate the visible funding pool more than the long startup list suggests.
- Neutral-atom companies form one of the strongest funding clusters, with Infleqtion, PASQAL, QuEra, Atom Computing and planqc raising more than $1.62B combined.
- Photonic quantum companies also represent a deep capital pool, with Quantum Computing Inc., Xanadu, TuringQ, QBoson, Q.ANT, Quandela, QuiX Quantum and ORCA Computing raising more than $2.7B combined.
- The active private quantum software opportunity set is still meaningful, with about $4.21B raised by companies that have not yet gone public or been acquired.
- Only 18 ranked companies have raised at least $100M, but those companies account for about 90% of total funding, creating a clear barbell between scale players and early experiments.
- Recent funding momentum is strong, with 36 quantum software startups raising capital in the last 12 months, including several large rounds in 2025 and 2026.
- Drug discovery, chemistry and molecular simulation remain active subsegments, but most companies in these areas are still much smaller than hardware-adjacent quantum platforms.
- Strategic investors are unusually visible in quantum software, with Honeywell, Google, NVIDIA, IBM, AMD, Cisco, Salesforce, Airbus and other corporate investors appearing across the ranking.
A few word about our methodology
As you can see, we built a database that ranks startups in the quantum software market based on their total cumulative fundraising. To create this ranking, we reviewed many sources and cross-checked information across multiple places.
Whenever possible, we prioritized official company communications, since official announcements are usually the most reliable source for funding amounts in the quantum software market. When those were not available, we relied on reputable industry sources such as TechCrunch, Crunchbase, Financial Times or Forbes, to name a few.
We excluded random blogs, unverified websites, and any sources that could not be validated.
When funding rounds were announced in other currencies such as euros, Swiss francs, Singapore dollars, Australian dollars, yuan, pounds, or rupees, we converted them into approximate USD equivalents for consistency.
Sometimes different sources report slightly different numbers, or the exact round size is not fully disclosed. In those cases, we flag the uncertainty and assign a confidence label to each startup, visible in the last column.
Here is what they mean.
Full confidence: The company’s equity fundraising history can be reconstructed completely from public sources. The rounds, dates, amounts, and key investors are clearly identified, with no meaningful gaps.
Strong confidence: The fundraising history is largely complete and reliable. There may be a small missing detail, such as incomplete investor information or a minor round with limited data, but the overall record is clear.
Partial confidence: The main fundraising rounds can be identified, but the record is incomplete or somewhat mixed. Some rounds may be missing or certain funding events may be difficult to separate clearly.
Low confidence: Public information is too limited, inconsistent, or ambiguous to reliably reconstruct the company’s equity fundraising history.
When the confidence level is too low, we take a conservative approach and review the company carefully before keeping it in the ranking. We don’t want to include data that cannot be reasonably verified.
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 calculation, 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.
Related blog posts
- How are funding trends changing in the quantum software market?
- Who are the most valuable companies in the quantum software market?
- How active is venture funding in the quantum software market right now?
- An overview of funding deals in the quantum software market
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