Congrats to two of our Quantonation portfolio companies Pasqal and Multiverse Computing for big milestones in a big quarter for the quantum industry.
The Quantum Insider’s Q2 2025 report highlights a turning point for the quantum industry, with $1.16B in private capital raised, landmark acquisitions, and technical milestones across the board. After a period of cautious optimism, investor sentiment appears to be shifting. Key funding and deals: → SandboxAQ raised $450M → Multiverse Computing secured $215M for LLM compression → Infleqtion closed $100M for atom-based quantum systems → IonQ acquired Oxford Ionics for $1.075B → Pasqal acquired photonics chipmaker AEPONYX Momentum extended beyond funding. NVIDIA’s Jensen Huang called quantum computing near an “inflection point.” IBM, Microsoft, and Quantinuum reported new fault-tolerant system advances, while quantum networking startup Qunnect expanded deployment with a $10M raise. Other key developments: → U.S. Congress held hearings on quantum cybersecurity threats → UK committed £500M to national quantum strategy → IBM unveiled plans for Quantum Starling system by 2029 With larger, later-stage raises and deepening government engagement, Q2 suggests the sector is gradually shifting from research to real-world deployment. The full report is available at The Quantum Insider, link in our comments.