18 quantum computing startups funded in 2022

December 18, 2022

quantum computing

Quantum computing has become increasingly important in recent times due to its potential to solve complex problems much more quickly than traditional computers. 

It is believed that a quantum computer could potentially solve a problem in just a few seconds that would take a supercomputer several days to complete. 

And startups are here to make quantum computing a reality.

The quantum computing market is expected to experience significant growth in the coming years, with projections estimating that it will increase from a value of $712.2 million in 2022 to $4,758 million by 2029. This represents a compound annual growth rate of 31.2% over the forecast period of 2022 to 2029.

Below is a list of some of the most innovative and promising quantum computing startups in the world.

1. The Quantum Insider

Headquarters: Toronto, Ontario, Canada

Founders: Alex Challans

Year founded: 2019

Latest funding: $1,500,000 (Seed)

Total funding: $1,500,000

What they do: The Quantum Insider provides daily news updates, interviews and content through its quantum intelligence platform.

2. QuiX

Headquarters: Enschede, Overijssel, The Netherlands

Founders: Hans van den Vlekkert

Year founded: 2019

Latest funding: $5,593,210 (Seed)

Total funding: $5,593,210

Investors: FORWARD.one, OostNL, PhotonDelta

What they do: QuiX offers a plug-and-play integrated and reconfigurable light-based quantum processor that accelerates the way to a quantum future. Quantum computing will revolutionize the way of processing information as we know it. Integrated photonics is a key enabling technology for light-based quantum computers as it allows us to realize reconfigurable quantum processors that process single photons in a stable, accurate and fast way. QuiX offers both integrated photonic processors and bespoke integrated devices for quantum photonics, based on the proprietary TriPleX platform.

3. Infleqtion

Headquarters: Boulder, Colorado, United States

Founders: Dana Anderson, Rainer Kunz

Year founded: 2007

Latest funding: $110,000,000 (Series B)

Total funding: $184,483,421

Investors: In-Q-Tel, Foundry Group, Sumitomo Corporation, Maverick Ventures, Caruso Ventures

What they do: Infleqtion is building an ecosystem of quantum technologies and commercial products. The company is building on ColdQuanta’s 15 years of pioneering quantum research.

4. Xanadu

Headquarters: Toronto, Ontario, Canada

Founders: Christian Weedbrook

Year founded: 2016

Latest funding: $100,000,000 (Series C)

Total funding: $235,621,647

Investors: Alumni Ventures, Creative Destruction Lab (CDL), Tiger Global Management, Silicon Valley Bank, BDC Venture Capital

What they do: Since its founding in 2016, Xanadu has focused extensively on the effects quantum will have on society and how to best service those needs. Xanadu's ultimate goal is to provide quantum on demand to enable significant computational improvements over the best classical methods to solve really tough real-world problems. Xanadu has amalgamated leading scientists and professionals to pair academic research with industry veterans to develop a massively scalable venture.

5. QuSecure

Headquarters: San Mateo, California, United States

Founders: Dave Krauthamer, Konstantin Vilk, Rebecca Krauthamer, Skip Sanzeri, Skip Sanzeri

Year founded: 2019

Latest funding: $9,000,000 (Series A)

Total funding: $14,000,000

Investors: Techstars, Franklin Templeton Investments, EvoNexus, United States Air Force, Techstars Space Accelerator

What they do: The company’s mission is to solve the quantum security problem. QuSecure developed QuProtect™, their state-of-the-art, software-based quantum security solution. Designed to integrate seamlessly with today’s technology, QuProtect gives their clients the protection and assurance they need, so they’re ready for today.

6. Horizon Quantum Computing

Headquarters: Singapore, Central Region, Singapore

Founders: Joe Fitzsimons

Year founded: 2018

Latest funding: $13,100,000 (Series A)

Total funding: $16,287,400

Investors: Tencent, DCVC, Sequoia Capital India, SGInnovate, Summer Capital

What they do: Horizon Quantum Computing is pioneering classical to quantum programming: the automatic construction of quantum algorithms from conventional languages such as Matlab, Python or C. Spanning the entire chain from algorithm generation to hardware-specific implementation, its programming tools will allow users to develop quantum-accelerated applications whatever their expertise.


Headquarters: Paris, Ile-de-France, France

Founders: Emmanuelle Rolland-Martiano, Maximilien Levesque

Year founded: 2019

Latest funding: $29,296,960 (Series A)

Total funding: $30,520,688

Investors: Eurazeo, Bpifrance, Elaia

What they do: Aqemia is a next-gen pharmatech company generating one of the world's fastest-growing drug discovery pipeline. Their mission is to design fast innovative drug candidates for dozens of critical diseases. What sets the company apart is their unique quantum and statistical mechanics algorithms fuelling a generative AI to design novel drug candidates.

8. Classiq Technologies

Headquarters: Tel Aviv, Tel Aviv, Israel

Founders: Amir Naveh, Nir Minerbi, Yehuda Naveh

Year founded: 2020

Latest funding: $13,000,000 (Series B)

Total funding: $61,750,000

Investors: OurCrowd, Team8, Alumni Ventures, HSBC, Samsung NEXT

What they do: Classiq Technologies develops automation and synthesis of quantum algorithms. The startup also provides a revolutionary Quantum Algorithm Design software platform for the automated synthesis of quantum circuits.

9. Terra Quantum

Headquarters: Sankt Gallen, Sankt Gallen, Switzerland

Founders: Markus Pflitsch

Year founded: 2019

Latest funding: $75,000,000 (Series A)

Total funding: $90,000,000

Investors: Lakestar, Anders Indset

What they do: Terra Quantum is a deep tech pioneer, developing revolutionary quantum applications to shape the technology of the future. Its international team of experts brings together the minds from science, academia, and industry to address the most fundamental questions of quantum physics and its manifestations in the world. The company is building quantum technology for a better future, breaking down the barriers between science and industry and laying the foundations of a real quantum tech ecosystem and value chain.

10. Qunnect

Headquarters: New York, New York, United States

Founders: Mael Flament, Mehdi Namazi

Year founded: 2017

Latest funding: $8,000,000 (Series A)

Total funding: $12,405,556

Investors: National Science Foundation, US Department of Energy, New York Ventures, SandboxAQ, Airbus Ventures

What they do: Qunnect is a spin-off venture from the Quantum Information Technology group at Stony Brook university that focuses on engineering novel quantum devices enabling future information networks and quantum computing using photons to communicate and atoms to store and process quantum information. In particular, Qunnect focuses on engineering novel quantum memories and quantum sources that will enable future information networks and quantum computing.

11. Algorithmiq

Headquarters: Turku, Western Finland, Finland

Founders: Boris Sokolov, Guillermo Garcia-Perez, Matteo Rossi, Sabrina Maniscalco

Year founded: 2020

Latest funding: $4,000,000 (Seed)

Total funding: $4,000,000

Investors: Tiger Global Management, K5 Global, David Helgason, Keenan Rice, Haakon Overli

What they do: Algorithmiq utilizes its expertise in quantum information, complex systems, and computational physics to develop algorithms to develop new and effective drugs, solve problems in life sciences, and discover new materials.

12. Alice & Bob

Headquarters: Paris, Ile-de-France, France

Founders: Raphaël Lescanne, Théau Péronnin

Year founded: 2020

Latest funding: $29,736,075 (Series A)

Total funding: $33,036,076

Investors: Bpifrance, Acequia Capital (AceCap), Supernova Invest, Breega, AGORANOV

What they do: Alice & Bob build Universal, Error-free, Quantum Computers to help industries and researchers solve the hardest problems.

13. QunaSys

Headquarters: Hongo, Tokyo, Japan

Founders: Tianren Yang

Year founded: 2018

Latest funding: $10,000,000 (Series B)

Total funding: $12,774,567

Investors: Global Brain Corporation, Fujitsu, ANRI, Mitsubishi UFJ Capital, JIC Venture Growth Investments

What they do: QunaSys was established to bring out the quantum physics that has been active behind the scenes to the front stage, and to make use of quantum properties to realize technologies that could not be achieved with existing technologies.

14. ORCA Computing

Headquarters: London, England, United Kingdom

Founders: Cristina Escoda, Ian Walmsley, Josh Nunn, Richard Murray

Year founded: 2019

Latest funding: $15,000,000 (Series A)

Total funding: $15,000,000

Investors: Verve Ventures, Creative Destruction Lab (CDL), Oxford Science Enterprises, Octopus Ventures, Quantonation

What they do: ORCA Computing is building the first scalable and flexible quantum computer powered by photonics. They build a photonic Quantum computer, based on quantum memories. ORCA'a technology allows storage and synchronization of quantum operations, leading to improved performances.

15. Atlantic Quantum

Headquarters: Cambridge, Massachusetts, United States

Founders: Bharath Kannan, Simon Gustavsson

Year founded: 2022

Latest funding: $9,000,000 (Seed)

Total funding: $9,000,000

Investors: Glasswing Ventures, Future Labs, The E14 Fund, The Engine, Thomas Tull

What they do: Atlantic Quantum develops scalable quantum computers to tackle the world’s hardest computational challenges. Founded in 2022, Atlantic Quantum believes that fault-tolerant quantum hardware is the key to making progress in quantum computing.

16. Quantum Source

Headquarters: Rehovot, HaMerkaz, Israel

Founders: Oded Melamed, Gil Semo, Dan Charash, Prof. Barak Dayan

Year founded: 2021

Latest funding: $15,000,000 (Seed)

Total funding: $15,000,000

Investors: Eclipse Ventures, Pitango Venture Capital, Grove Ventures

What they do: Quantum Source is building a team of world-leading experts in photonics and quantum computing.

17. SpinQ Technology

Headquarters: Shenzhen, Guangdong, China

Founders: Jingen Xiang

Year founded: 2018

Latest funding: $12,823,618 (Series B)

Total funding: $12,823,618

Investors: Shenzhen Angel FOF, Ruixin Shunying Investment Fund

What they do: SpinQ Technology develops superconducting chip quantum computers, desktop nuclear magnetic resonance quantum computers, and quantum computing-related software.

18. IQM Quantum Computers

Headquarters: Espoo, Southern Finland, Finland

Founders: Jan Goetz, Juha Vartiainen, Kuan Yen Tan, Mikko Möttönen

Year founded: 2018

Latest funding: $130,713,614 (Series A)

Total funding: $249,121,255

Investors: OurCrowd, Tencent, European Investment Bank, Vsquared Ventures, Bayern Kapital

What they do: IQM is the pan-European leader in building quantum computers. IQM delivers on-premises quantum computers for supercomputing data centres and research labs and offers full access to its hardware. For industrial customers, IQM delivers a quantum advantage through a unique application-specific, co-design approach. IQM is building Finland’s first commercial 54-qubit quantum computer with VTT, and an IQM-led consortium (Q-Exa) is also building a quantum computer in Germany.


The ability of quantum computers to quickly solve complex problems has led to a growing interest in and demand for quantum computing startups. 

These companies are working on developing and advancing quantum computing technology in order to take advantage of its unique capabilities and potential to solve problems in a short amount of time.

Time will tell which one of these exciting companies will help move us closer to a quantum computing future.

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