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<title>QuantumRoundup — Quantum Funding Feed</title>
<link>https://quantumroundup.com/</link>
<description>Daily feed of quantum technology company funding events: quantum computing, quantum communication, quantum sensing. Amounts are approximations from public reports.</description>
<language>en-us</language>
<lastBuildDate>Fri, 06 Nov 2026 09:40:57 GMT</lastBuildDate>
<ttl>1440</ttl>
  <item>
    <title>Atom Computing — Government funding (CHIPS Act LOI)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2026-11-us-chips-quantum-loi-atom-computing</guid>
    <pubDate>Sun, 01 Nov 2026 00:00:00 GMT</pubDate>
    <description>Atom Computing appears in the November 2026 CHIPS Act letter-of-intent list from the U.S. Department of Commerce, months after a separately reported $300M private raise. The two entries answer different questions: the letter identifies neutral atoms as a domestic capability worth supporting, while the private round says something about what investors would fund. No price, tranche schedule or equity stake is attached to this notice, so it adds zero to the funding total and is kept only to show where policy and private capital overlap. Source: U.S. Dept. of Commerce announcement, MIT QIR Insights.</description>
  </item>
  <item>
    <title>D-Wave Quantum — Government funding (CHIPS Act LOI)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2026-11-us-chips-quantum-loi-dwave</guid>
    <pubDate>Sun, 01 Nov 2026 00:00:00 GMT</pubDate>
    <description>Unlike the other four names in the November 2026 CHIPS correspondence, D-Wave is already a listed company with two public-market financings in our ledger. A non-binding letter of intent therefore does not change its access to capital; it mainly signals that annealing and its gate-model expansion are inside the policy perimeter. We record the notice at month precision with no amount, and we do not treat it as a precursor to a priced round. Source: U.S. Dept. of Commerce announcement, MIT QIR Insights.</description>
  </item>
  <item>
    <title>Infleqtion — Government funding (CHIPS Act LOI)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2026-11-us-chips-quantum-loi-infleqtion</guid>
    <pubDate>Sun, 01 Nov 2026 00:00:00 GMT</pubDate>
    <description>Infleqtion&#39;s inclusion in the CHIPS letter-of-intent list follows an announced but unpriced SPAC merger in 2025, so this row is the second non-cash capital-market event for the company in our dataset. Its neutral-atom sensing work is the likely policy interest, but the notice itself states no award value. The editorial reason to keep it is transparency: readers comparing the company with funded peers should see that two headline events contributed no disclosed cash. Source: U.S. Dept. of Commerce announcement, MIT QIR Insights.</description>
  </item>
  <item>
    <title>PsiQuantum — Government funding (CHIPS Act LOI)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2026-11-us-chips-quantum-loi-psiquantum</guid>
    <pubDate>Sun, 01 Nov 2026 00:00:00 GMT</pubDate>
    <description>For PsiQuantum, the November 2026 letter of intent is a siting story rather than a funding story: the company had already announced utility-scale photonic sites in Brisbane and Chicago and closed a $1B Series E in 2025. A CHIPS-related notice is relevant to which domestic fabrication partnerships are encouraged, not to the company&#39;s cash balance. Our ledger shows it with an empty amount column and a month-precision date so it can never be summed with the priced rounds. Source: U.S. Dept. of Commerce announcement, MIT QIR Insights.</description>
  </item>
  <item>
    <title>Rigetti Computing — Government funding (CHIPS Act LOI)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2026-11-us-chips-quantum-loi-rigetti</guid>
    <pubDate>Sun, 01 Nov 2026 00:00:00 GMT</pubDate>
    <description>Rigetti&#39;s letter of intent sits next to a $350M ATM authorisation in our ledger, which makes the distinction easy to test: one is a drawdown facility a listed company controls, the other a government statement of intent with no scheduled disbursement. Superconducting fabrication access is the plausible policy rationale, but the notice publishes neither a figure nor a milestone. We keep both rows separate and never fold a policy notice into an at-the-market total. Source: U.S. Dept. of Commerce announcement, MIT QIR Insights.</description>
  </item>
  <item>
    <title>SpinQ — Series D (~$140M)</title>
    <link>https://news.google.com/rss/articles/CBMilwFBVV95cUxQUlh3REdHQ2wtLXA1QzA3eEZPVzVkSXo0WFZtQ0hZLTc5b1JnSDl6OEp1N1BLX2MzenBfTmFraEtTOXA1SVhSa0Q1cDV2SjdBbmdlYlEyM2twTmNCUExJY2tLYnd0UTFCYlpXUmIxY0RwNnZRVzBYT2M1ODYxMlR0a0xYV1E5UWZmZU45eU52andaN3pfX3FV?oc=5</link>
    <guid isPermaLink="false">2026-06-30-spinq-qvqbc</guid>
    <pubDate>Tue, 30 Jun 2026 00:00:00 GMT</pubDate>
    <description>A $140M Series D closes a visible Chinese financing ladder that started with a 2024 Series B and continued through a pre-IPO round the same spring. For SpinQ, the sequence matters more than any single figure: desktop NMR product revenue and a domestic listing path are different capital stories from cloud-only hardware peers. The amount is auto-collected with one duplicate merged, so we present it as an estimate and link the source. Source: Google News.</description>
  </item>
  <item>
    <title>Atom Computing — Reported raise (~$300M)</title>
    <link>https://news.google.com/rss/articles/CBMigwJBVV95cUxPTFNCLWhEekltRndaQVlrWGk4T3pobU5QdkJLNUQ2WjY2WGRVbmZkOWlMQXBPRTBjdnJpR1Z3QUJlTE5sd1M5Z2JVVFk4OXRjczJLZDZxcWVoSDd5RGZQaE9GU0dyQXI3NHpld0xTVlczUUFnMzU5XzBudmxpNkdpMlpxY2l0MUJkRnRFY3Zmc1pkb01xdWU3T2RRQ0NuVlc1b2t3djV3MGNvbGRaeXlRREtMZXNYQ1A0U0d1M2ZuclVyRGhpTkFOUjdGSnd1R3pTVlN4Wl9wWjBPSk1mZkpycDJvZ2h5V3BvWUZjWEVsdHZDMHdfaXI3MUM3YmJZYzJzZ0Ew?oc=5</link>
    <guid isPermaLink="false">2026-06-16-atom-computing-v1pjo</guid>
    <pubDate>Tue, 16 Jun 2026 00:00:00 GMT</pubDate>
    <description>The $300M reported raise for Atom Computing is best read beside the CHIPS Act letter of intent recorded later in 2026: one is private capital, the other a policy signal with no priced equity value. Neutral-atom systems moved from physics milestones to deployment commitments in a short window, so a round of this size usually funds infrastructure rather than a single record. A syndicated duplicate was merged and the figure is flagged approximate. Source: Google News.</description>
  </item>
  <item>
    <title>Origin Quantum — Reported raise (~$420M)</title>
    <link>https://news.google.com/rss/articles/CBMiUkFVX3lxTE5YcG5BTTJKOWt0Mnh4Z1FXdXBld1BRWXVBWmZaN0dGTVM3NHpRUkNzVlhvaHBOZTBld2JPY1p3M3VjNDBUdkIwY09RLTl1MERlNUE?oc=5</link>
    <guid isPermaLink="false">2026-06-08-origin-quantum-rg7vt</guid>
    <pubDate>Mon, 08 Jun 2026 00:00:00 GMT</pubDate>
    <description>A $420M reported raise is roughly nine times the RMB-converted B+ round we recorded for Origin Quantum in 2023, a jump large enough that we keep it as one press figure and refuse to promote it into a confirmed cumulative total. Chinese-language coverage often bundles credit lines, subsidies and equity into one number, so the methodology keeps this row marked approximate. One syndicated duplicate was merged and the source URL is published. Source: Google News.</description>
  </item>
  <item>
    <title>Quobly — Reported raise (~$124M)</title>
    <link>https://news.google.com/rss/articles/CBMitwFBVV95cUxNNHlPVC1KakQxVXVnci1DTmRsVkdpZGFaaHFiSk9MMlZ6MEJUZ1BNNmlWVTlWZlhINGpXWXh1aEFxUTUxVHowWVlZZFBqTzJPZ1hOUFBCVWJKbEUzbldzamZIbjlTbTZGTUFjU3VkS0xqLVE4cU4xMUVYRjBFUU94dXAyaWNUS3RkRkVWMnpSbHFwdnlIZENycU42aVNnZ3BBSEFHZUo0bzBCbXY1YTFUX1pZLUYxSjg?oc=5</link>
    <guid isPermaLink="false">2026-06-04-quobly-75yit</guid>
    <pubDate>Thu, 04 Jun 2026 00:00:00 GMT</pubDate>
    <description>Two overlapping reports of this $124M FD-SOI silicon-spin raise were merged, which is why the surviving row carries a corroborating count rather than a second timeline entry. Quobly is pursuing a foundry-compatible route, so the relevant comparison is with other CMOS-oriented European startups, not with photonic or trapped-ion totals. The figure remains approximate and auto-collected with its source link visible. Source: Google News.</description>
  </item>
  <item>
    <title>Quantinuum — Ipo (~$1.7B)</title>
    <link>https://news.google.com/rss/articles/CBMiygFBVV95cUxOMVZmYVhXRE5QRkYtdlJTTzhFbF8wVDJKX2pBdW5SN2dwQzhnclRmdHlPVUNyTllZbHpqekFRZFVQZW9iTTZMSmtoU20zRGJoczNjcEpwa200SXp1cUU1ZUhENjYwY21YNFBqRVdkQllvR29XeEdabXBwNnlvTm9uVzlad0NlV1ZDTHlyQWg3QWFRMllRNmtXOGZwT3EtSUlTVzFnSnBVbnQtZHh3UFdFUWFaUFlQNlNVUXlBNGNnMnM1emJ1WXdnMWFB?oc=5</link>
    <guid isPermaLink="false">2026-06-03-quantinuum-poj15</guid>
    <pubDate>Wed, 03 Jun 2026 00:00:00 GMT</pubDate>
    <description>The $1.7B attached to a reported 2026 IPO is the largest single figure in our dataset, and it is public-market proceeds rather than venture capital. Quantinuum had a JPMorgan-led Series B in 2024 and a growth round in 2025; this listing closes a three-year transition from private full-stack developer to public company. Because the report is auto-collected, we show the source URL and keep the amount flagged as approximate until a filing is matched. Source: Google News.</description>
  </item>
  <item>
    <title>Photonic Inc. — Reported raise (~$200M)</title>
    <link>https://news.google.com/rss/articles/CBMiuAFBVV95cUxPRkVrSXZfMENQekdjZ2FoREw2RElGMHV0WTlvTlZINTBsR0ZFeUd0MnV3M0tlS21mYk9RUXRWWGRteWdmM3NLeWJJemZGdlZDOTBVU0xfQW51bncxSElTNEc5aXFjTDV5cVRMLW5xd2V3OEQ2U1lVUnhaWWVxZDRmYW9mcm5iYW8zTHJyVFpzTnJLZGFnWE9RTFFOX1FsMzVJVFZKM09qZ3l1U0tna1hWZzk4WWg0SV9O0gG-AUFVX3lxTE1Ld1dpbU5BT3UwOC1hUVFMcm9aM0s1aDd6eWVIX3FCMGNUVDNTRm9xdGRhdUdPOTFrQUo0TkFIX1ZWSVFXbFd2ampqV1JQMkhTSFlWbUxiSURSOW8tU1lEWmNNV2RHU0k1SC15aFo0bnNjRmlydlVhcWV1aTN0SU9VeDNPNGxnVTc1VURmTzRwX1V3SmhtaHlNUEExNlBzNEVOLWZsdldOSV9yZThvQ1YxSEh2aTBiN3ZkS0RLMXc?oc=5</link>
    <guid isPermaLink="false">2026-05-12-photonic-inc-10g3c</guid>
    <pubDate>Tue, 12 May 2026 00:00:00 GMT</pubDate>
    <description>A $200M reported raise barely a week after a January figure for the same company is exactly the pattern our publication-layer de-duplication is meant to expose: either two tranches, or one round reported twice. Photonic Inc. builds silicon spin-photon modules, where financing news is often syndicated across outlets. We keep the later, larger report with a corroborating count and flag it as approximate rather than adding both to the total. Source: Google News.</description>
  </item>
  <item>
    <title>eleQtron — Series a (~$61.6M)</title>
    <link>https://news.google.com/rss/articles/CBMisgFBVV95cUxQX3UwNDFta2RYeDdSV013VzlpVlJibmJuRzI4RFRTV2s5R2NtRlBiTVBkVTFsSjNvWWEwOUd0c2pVZU5nZjJMYTRqUmlDTG1Fd2RqNmcwV04wOTEyS0RLeDhQTHNGUWotWGVId3dLV2gxV00tSXRnUE9icHpadGREZHRRRXY0QjVEZ0RhVHJoVl9FU2ZJdlNDbmF6dE41WmVnYXF2STB3N0ZtcGhkdFdVdFZR?oc=5</link>
    <guid isPermaLink="false">2026-05-07-eleqtron-qachl</guid>
    <pubDate>Thu, 07 May 2026 00:00:00 GMT</pubDate>
    <description>This $61.6M Series A entry from news monitoring overlaps with a priced Series B the same company recorded in 2023, so the apparent stage regression is a data-quality warning rather than a real down-round. We keep it with an auto-collected badge and a merged duplicate count instead of silently deleting it. Readers should treat the amount as reported and check the source URL before citing the stage label. Source: Google News.</description>
  </item>
  <item>
    <title>Quantum Motion — Series c (~$160M)</title>
    <link>https://news.google.com/rss/articles/CBMi5AFBVV95cUxNOWM1elc0d3ROQlNWY2lTbWlTVkxaSk12S2FzdGphbkxUaWdBOU5fbzlINjEtckJTdl9Fb2tJc2VPMFpOcHczTVVXSGk0ckZpV0FvWXJwT3RkRUZUYWFqc2JZcTFCaU02aTV1akN1V3RKZmxYWlRObjJyZ2QtUlJ1MU5mSFdWUnhIOGJMbTZKZ3g5Z2h4N2NNT0tDbkVBa2ZCUFk4ZjJlQVhJVHU4R2pwRDRDYy1ITlBkeE42YVJVYjIxcWxlemw2TVl1UEpDVUlBTG9mazdvZS01dlF3dmw3RkZ3TS0?oc=5</link>
    <guid isPermaLink="false">2026-05-07-quantum-motion-l13e0</guid>
    <pubDate>Thu, 07 May 2026 00:00:00 GMT</pubDate>
    <description>A $160M Series C for CMOS-compatible silicon spin qubits is a manufacturing argument as much as a physics one: the pitch is that existing fabs can eventually carry the scaling cost. Quantum Motion is one of several European silicon-spin entries in the same quarter, which is why our regional totals for that period are sensitive to how overlapping reports are de-duplicated. One syndicated duplicate was merged into this row. Source: Google News.</description>
  </item>
  <item>
    <title>QuantWare — Reported raise (~$164M)</title>
    <link>https://news.google.com/rss/articles/CBMi0wFBVV95cUxQOG0xRzVlWGF6RnBIMXJ3U2pBZTd6QUdXTTlwT0ZfU1RFYXY3QVFrcFdkOE9xYUVkQ2xKN3lzaVc2YnhVQjRQQVduWjhwVFdOQlkxZi1vemtSeDUxbXpCR0Fhd2RnZXdZQS16VmY1aThmYmxTWVpZMkRLRVdWSGFLM291QkVGNEZEZHlZcnRZWklEU0lBZDFEcGFHUGw5bV9HLTJZVkVsbXoyTkdiVDBLQ29YXzdUSnpIT2VMcEhoeVRUTEpBVVJLdFpzNnNrV3RoekRF?oc=5</link>
    <guid isPermaLink="false">2026-05-05-quantware-2tfzs</guid>
    <pubDate>Tue, 05 May 2026 00:00:00 GMT</pubDate>
    <description>A $164M reported raise for a superconducting QPU foundry service is notable because QuantWare sells fabrication access to other hardware companies rather than a complete machine. That makes it a supply-layer entry whose capital should not be read as a bet on one qubit modality. Two overlapping reports from the same news window were merged here, and the surviving figure remains approximate and auto-collected. Source: Google News.</description>
  </item>
  <item>
    <title>SpinQ — Pre-ipo (~$84M)</title>
    <link>https://news.google.com/rss/articles/CBMilwFBVV95cUxOWFp3bTRHSG15YlZ3MnU3VDdaekJYaGdkaDJINGFqWHlnTWZ0cV9OUVN4SGRBQjRwX25zc0F1VUdIbzFiZzR2bGZmNHBvc0FqdHZ6TXBSdzFncC1JWHViYlZxVU9uQmo0eWoycnhYY3ZSbVoyTko2NWFwNk9PbzZCUFpSMlQwOE5LZjVJaUtia2c3UEZLLXNz?oc=5</link>
    <guid isPermaLink="false">2026-04-03-spinq-uvhvb</guid>
    <pubDate>Fri, 03 Apr 2026 00:00:00 GMT</pubDate>
    <description>A $84M pre-IPO round is a different instrument from the company&#39;s earlier Series B: it is raised against an expected listing, so the pricing logic is closer to public markets. One syndicated duplicate of this announcement was merged. For SpinQ, the pre-IPO label also connects to the larger Series D reported in the same quarter, which is why our de-duplication keeps both as separate dated events rather than collapsing them. Source: Google News.</description>
  </item>
  <item>
    <title>Pasqal — Spac</title>
    <link>https://news.google.com/rss/articles/CBMipwFBVV95cUxPNERKM2UtVUZ4RU9jcHZpT2xNTW1KRkZHZWFQaFM5Qi1nbkxrcTUtZGE1eGRxZ2hHTVFHSTJHQ3ZNRV9NdHVWaDN1VzJhM2NibmFvMUJPYmNKX19Dakt4LW5Pc01tZi1hSVlxZ1M1QnpDckY4SExMaE1aekpLZ0hCUlpqdWxxdnVoWUVwSlBkSlhmS1NuVmdGeldhMWFyYjlnRWRuRDE2TQ?oc=5</link>
    <guid isPermaLink="false">2026-03-05-pasqal-2bdbl</guid>
    <pubDate>Thu, 05 Mar 2026 00:00:00 GMT</pubDate>
    <description>An announced SPAC with no priced amount is a status change, not new capital. Pasqal had a priced Series B in 2023, so this entry tells readers that a European neutral-atom company was testing the public route while grants and private funding continued in parallel. We deliberately leave the amount column empty rather than copying a valuation from unrelated coverage. Source: Google News.</description>
  </item>
  <item>
    <title>Photonic Inc. — Reported raise (~$131M)</title>
    <link>https://news.google.com/rss/articles/CBMiowFBVV95cUxPRlZ1bUhCVmR0dXFEYWZlX1kyb1EtTGJTMExUSlI0am9qdmtadXZKWG9rbXV3Ym45czlYQ21JdjFxWGZOa1ZEYmFrTkQ4dzRhR2xiRkJPMU0teXN3UUJmNTNpYVVLRjVXM2JKNzhtMjEwRXlXX2pxRGcxZmI3VldoZTdMYzBJT2NUcEU0TGJjMjlqSG1wVnl3VEJHbjIzbjk2QlE0?oc=5</link>
    <guid isPermaLink="false">2026-01-07-photonic-inc-ojp3k</guid>
    <pubDate>Wed, 07 Jan 2026 00:00:00 GMT</pubDate>
    <description>A $131M reported raise for silicon spin-photon modules sits in the North America cohort rather than the US one, which is a reminder that our region labels follow company domicile, not technology clusters. Photonic Inc. is building distributed optically linked modules, a capital-intensive architecture. The figure is auto-collected with a source link and no named investors, so we publish it as an estimate and do not infer a lead. Source: Google News.</description>
  </item>
  <item>
    <title>Nu Quantum — Reported raise (~$60M)</title>
    <link>https://news.google.com/rss/articles/CBMitAFBVV95cUxPbVVGaENmSlQyTWcxaW5SanRPQ29rVC1LaEdQWXhadml1UGhIbEJYNGZUNjloODNvdmVKX1ZOLW1wcjdRNFdJaUFZYXVCdVhxNWIzOFZyS3U4X19mZGU0Q3BOdmlpbkprQ1dPR2VKeU5FaS1VSWh6MlFodm5yeDdHOVlaUGhJd0s0REkzb2tGMmtyYkRjZkRDbjU2N1RON193N05OUWFkMXpRY2dVNl9KRE1yXzk?oc=5</link>
    <guid isPermaLink="false">2025-12-10-nu-quantum-kos2n</guid>
    <pubDate>Wed, 10 Dec 2025 00:00:00 GMT</pubDate>
    <description>This $60M figure comes from news monitoring and carries an approximate flag, with one near-duplicate report of the same round merged into it. Nu Quantum builds networking components for quantum communication, a supply-layer business whose funding scale is far below the computing cohort. It is marked auto-collected and not yet manually reviewed, so the amount is published as a lower-bound estimate with its source link visible. Source: Google News.</description>
  </item>
  <item>
    <title>Quantum Art — Series a (~$100M)</title>
    <link>https://news.google.com/rss/articles/CBMi5gFBVV95cUxNbnhhUHN4dTZtWnB5NFRCT2VjRm56UlJDNTlRNkZuRDNrYndpSG1VZlRiYjhmRnhyNG0yQUU4RExSeXpDc1dBcWRGSGVqREpPR2N2Y0hMc1VhMG1laHk5RHEyeE9zSW5JaW1YX3ItUUVOSk5FdjNFNmVKdnRnRzBTbmw2Ty1UdXF4bmNsMDBDYk1ZRzMzSjA2QW1zQm9ZSGpaNWZOMWVXNmVnRWY5RUlQWmZGQlJGczFIX3pzWnJITFNWN3JxXzBTelVnbWNpX0UtaGNlLTdrdHVkR1hkYUFRZXF3aWdvQQ?oc=5</link>
    <guid isPermaLink="false">2025-12-10-quantum-art-l7tba</guid>
    <pubDate>Wed, 10 Dec 2025 00:00:00 GMT</pubDate>
    <description>An auto-collected $100M Series A from news monitoring, with a syndicated duplicate report merged. Quantum Art works on photonic computing in the Middle East, a region where our dataset has few priced rounds, so this row materially changes the regional total. It should be read as a reported figure: we expose the source URL and the auto-collected badge instead of implying a confirmed filing. Source: Google News.</description>
  </item>
  <item>
    <title>IQM Quantum Computers — Series B (~$320M)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-09-iqm-series-b</guid>
    <pubDate>Mon, 01 Sep 2025 00:00:00 GMT</pubDate>
    <description>The $320M Series B roughly doubles the size of the company&#39;s own A2 extension from 2022, which is a cleaner signal of escalating European hardware ambition than any cross-company comparison. IQM Quantum Computers sells full systems to research infrastructure buyers, so a larger B round funds delivery capacity as much as chip development. Our source is MIT QIR Insights rather than a company press release, giving the entry an independent citation. Source: MIT QIR Insights, Scaling Europe, company announcement.</description>
  </item>
  <item>
    <title>PsiQuantum — Series E (~$1.0B)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-09-psi-quantum-series-e</guid>
    <pubDate>Mon, 01 Sep 2025 00:00:00 GMT</pubDate>
    <description>BlackRock returned as lead on a $1.0B Series E, with NVIDIA and other reported participants, making this the largest priced private round in our ledger. Four years after the Series C, PsiQuantum had announced utility-scale sites in Brisbane and Chicago; the money is therefore tied to facilities and foundry partnerships, not to a qubit-count milestone. Because the syndicate is only partially reported, we name the confirmed participants and leave the rest unattributed. Source: Reuters, TechCrunch, company announcement.</description>
  </item>
  <item>
    <title>Quantinuum — Growth round (~$600M)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-09-quantinuum-growth-round</guid>
    <pubDate>Mon, 01 Sep 2025 00:00:00 GMT</pubDate>
    <description>A $600M growth round without a Series letter usually signals an extension into commercial scale rather than a new technology milestone. For Quantinuum, which sells hardware plus software and services, that label fits a company broadening distribution after its 2024 Series B. Reuters is the cited source, and the row sits in the same quarter as the largest photonic raise, which is why 2025 dominates the dataset&#39;s annual concentration. Source: Reuters, Bloomberg.</description>
  </item>
  <item>
    <title>IonQ — Public equity offering (~$1.0B)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-07-ionq-equity-offering</guid>
    <pubDate>Tue, 01 Jul 2025 00:00:00 GMT</pubDate>
    <description>A $1.0B public equity offering is one of the largest single rows in the whole dataset, and it is balance-sheet cash raised from public markets rather than a priced venture round. IonQ had already listed via SPAC in 2021, so this offering is a follow-on that changes the denominator for every comparison with private trapped-ion peers. SEC filing coverage is the cited source, which is why the confidence flag is firmer than for press-reported rounds. Source: SEC filing coverage, Business Wire.</description>
  </item>
  <item>
    <title>D-Wave Quantum — ATM program (~$400M)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-06-dwave-atm</guid>
    <pubDate>Sun, 01 Jun 2025 00:00:00 GMT</pubDate>
    <description>An at-the-market programme of $400M is an authorisation to issue shares over time, not a single cash injection on one date. For D-Wave Quantum, which already had a smaller equity offering earlier in 2025, the ATM explains why headline figures can look duplicated. We store the programme total with its announcement date and explicitly warn against summing it with the offering as two independent rounds. Source: company announcement.</description>
  </item>
  <item>
    <title>Rigetti Computing — ATM program (~$350M)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-06-rigetti-atm</guid>
    <pubDate>Sun, 01 Jun 2025 00:00:00 GMT</pubDate>
    <description>The $350M ATM authorisation is drawn down in tranches, so the useful number for a ranking is the programme size, not an imagined closing date. Rigetti Computing builds superconducting processors, where fabrication commitments are lumpy; an ATM gives a listed company flexibility that a private Series round does not. Our ledger keeps this separate from venture capital and marks it as public-market financing. Source: company announcement, market coverage.</description>
  </item>
  <item>
    <title>Horizon Quantum Computing — SPAC merger (announced)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-04-horizon-quantum-spac</guid>
    <pubDate>Tue, 01 Apr 2025 00:00:00 GMT</pubDate>
    <description>An announced merger with dMY Squared Technology Group places Horizon Quantum Computing in the small group of Asia-Pacific quantum entries seeking a public listing. Its product is software development tooling rather than hardware, which is why an undisclosed SPAC amount is not a missing data point but a different kind of event altogether. We keep the row to make the region&#39;s capital-market activity visible without inventing a number. Source: company announcement, market coverage.</description>
  </item>
  <item>
    <title>SandboxAQ — Late-stage round (~$450M)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-04-sandboxaq-round</guid>
    <pubDate>Tue, 01 Apr 2025 00:00:00 GMT</pubDate>
    <description>A late-stage $450M round three years after the Alphabet spin-out shows the company raising again on its own commercial story rather than on parent-company capital. SandboxAQ remains one of the few software-led rows in a hardware-dominated ranking, so its inclusion shifts the median more than the total. TechCrunch is the cited source; the round label is late-stage rather than a priced Series letter. Source: TechCrunch, Reuters.</description>
  </item>
  <item>
    <title>Infleqtion — SPAC merger (announced)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-02-infleqtion-spac</guid>
    <pubDate>Sat, 01 Feb 2025 00:00:00 GMT</pubDate>
    <description>This is an announced SPAC merger with Churchill Capital Corp X and no priced cash amount in the disclosure we track. Its editorial value is as a status marker: Infleqtion was pursuing a public route while still developing neutral-atom sensing products, so the entry should not be added to any funding total. Only a completed transaction with stated proceeds would change the ledger. Source: company announcement, market coverage.</description>
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  <item>
    <title>Alice &amp; Bob — Series B (~$105M)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-01-alice-bob-series-b</guid>
    <pubDate>Wed, 01 Jan 2025 00:00:00 GMT</pubDate>
    <description>Cat qubits change the error-correction cost model by making certain errors intrinsically rarer, which is why this $105M Series B should be read as a physics-architecture bet rather than a capacity expansion. Alice &amp; Bob is one of the larger European first institutional rounds in our dataset, but its superconducting platform is not directly comparable with trapped-ion rows of similar size. Sifted&#39;s coverage is our cited source; no valuation was disclosed. Source: Sifted, TechCrunch.</description>
  </item>
  <item>
    <title>D-Wave Quantum — Equity offering (~$150M)</title>
    <link>https://quantumroundup.com/funding</link>
    <guid isPermaLink="false">2025-01-dwave-raise</guid>
    <pubDate>Wed, 01 Jan 2025 00:00:00 GMT</pubDate>
    <description>An equity offering of $150M is public-market cash, and for D-Wave Quantum it sits alongside a much larger ATM programme later in the same year. Because annealing hardware has been commercially sold for years, this financing is closer to working capital for a listed vendor than to startup runway. Our method keeps public-market rows in the total but refuses to treat them as priced venture rounds. Source: company announcement.</description>
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