Here’s what you need to know about the landscape:
- Drivers: Increasing government support (like the UK’s recent $50M+ investment in its quantum sector) and recent advances are spurring investor FOMO.
- Global innovation: 80% of deals since 2023 have gone to companies outside of the US.
- Still early: Early-stage deals accounted for 74% of all quantum computing rounds in 2023.
The early-stage activity underscores the technical hurdles that still need to be jumped before commercialization can happen.
Multiple methods are competing to be the go-to approach for quantum computing — and there are no clear winners yet.
When one of these paths breaks through, it will change the industry, create a ton of opportunities, and also result in some startup casualties.
CB Insights customers can see which companies are leading the charge in funding and headcount growth here.
11 digits
Andreessen Horowitz is reportedly in talks with Saudi Arabia’s Public Investment Fund (PIF) to partner on a $40B AI investment fund.
Serious tres commas stuff.
a16z has already participated in several of the largest AI rounds in recent history including Databricks’ $504M Series I last September and Mistral AI’s $415M Series A last December.
Its track record helped it land the No. 1 spot in our ranking of the top venture investors in North America.
