Tech Monitor reports that quantum computing investment from venture capital (VC) firms decreased by 50% in 2023, with the majority of the decline coming from US funds. The report states that VC investment in quantum computing fell to $1.2bn over the year, down from $2.2bn in 2022, despite extensive government commitments to fund quantum computing initiatives.“The findings signal that 2024 can become a year of growing confidence in quantum computing’s potential, despite still a relative lack of private capital flowing into that space. Significant use cases [are] emerging to unlock its commercial promise,” said OpenOcean’s general partner, Ekaterina Almasque.The report suggests that the decline in VC interest in quantum computing can be partially attributed to inflated expectations arising from previous years, along with a greater emphasis on generative AI in the short- to medium-term return over quantum startups. However, despite declining VC investment levels overall, some industry experts and vendors suggested a possible recovery in quantum computing investment in late 2023.
2023: The Heartbreaking Blow to VC Quantum Computing Investments
Latest from Blog
Birdnest: Egyptian Startup Secures Pre-Series A Funding for Proptech
TLDR: Egyptian proptech startup Birdnest secured pre-Series A funding from Beltone Venture Capital and CI Venture Capital. The funding amount remains undisclosed but is exchanged for a 20 percent stake in the
Empowering Europe’s LGBTQ+ startups: Identityvc’s capital and community
TLDR: TechCrunch is part of the Yahoo family of brands. When using their sites and apps, they use cookies for various purposes. In a recent article, TechCrunch, a member of the Yahoo
NAB Ventures on the Hunt for Fresh Investments Amid Model Evolution
TLDR: NAB Ventures is actively looking for new investments in the market for startups and fintechs. NAB Ventures remains committed to its original label and strategy while other bank VC funds have
Israel: A Lucrative Investment Opportunity Amid Middle East Conflicts
TLDR: A new investment club named “Eretz Angels” has been launched to support deep-tech technological ventures in Israel’s northern and southern communities. The club aims to breathe new life into struggling areas
DeSantis and GOP Sabotage Diversity, Equity, and Inclusion Efforts
TLDR: A three-member panel ruled that the Fearless Fund violated the Civil Rights Act by awarding grants to Black women Less than 1% of venture capital goes to Black and Hispanic women-owned