Investor interest in quantum start-ups growing
Crunchbase News reports that venture capital-backed quantum start-ups raised a record of more than $823 million in the sector in 2021, a greater than 70 percent increase compared to 2020. The record amount is also a significant uptick from previous years when funding struggled to hit $200 million, according to Crunchbase data.
On the heels of that analysis comes two very recent but significant announcements.
- The White House announced several measures to support quantum technology, including signing an order that places the National Quantum Initiative Advisory Committee directly under the authority of the White House to ensure the President has the latest information on the technology; and
- IBM’s Chief Executive Arvind Krishna said in an interview that his company will have a more than 4,000-qubit quantum computer ready by 2025. That will be a significant increase from its current hardware with 127 qubits.
“Investor interest has definitely increased,” said Matt Kinsella, Managing Director at Maverick Ventures, in this Crunchbase News article. His firm is an early investor in Colorado-based quantum technology company ColdQuanta.
