Tag: Funding

Unitary Quantum Secures Several Hundred Million Yuan Series A to Scale QCCD Ion-Trap Systems

Hefei-based Unitary Quantum, China’s only pure-play QCCD trapped-ion company, has raised several hundred million yuan in Series A financing led by Shenzhen Capital Group. The round, completed less than four months after Pre-A, includes joint investment from social-security fund vehicles and a broad syndicate of market and industrial investors. Proceeds will accelerate R&D on quantum advantage, error correction, and full-stack capabilities. The company has already delivered systems, reported Quantum Volume 32, and achieved domestic firsts in cryogenic chip-trap ion confinement and transport.

Read More »
August 4, 2026

White House Quantum Summit Details Over $2.2 Billion in Support for 2028 Fault-Tolerant Computing

The White House hosted the Summit on American Quantum Innovation on July 7, 2026, to begin implementing President Trump’s June 22 Executive Orders on quantum technologies. Federal agencies announced significant funding, including over $2 billion in Commerce Department incentives and up to $200 million from the Defense Innovation Unit for quantum sensing. The Department of Energy is tasked with delivering a fault-tolerant, scientifically relevant quantum computer by 2028, supported by initiatives from the NSF, NSA, and NIST focused on research, supply chains, and manufacturing. These efforts aim to build a resilient US quantum industrial base through public-private partnerships and workforce development.

Read More »
July 8, 2026

Qubic Secures Oversubscribed $2.5M USD Seed Round

Qubic has announced the successful close of an oversubscribed $2.5 million USD seed round. Led by Two Small Fish Ventures, the round included participation from UC Investments, Quantacet, and UCeed. The capital will be used to complete the amplifier MVP, scale manufacturing, and develop an RF quantum sensing platform. CEO Jérôme Bourassa noted increasing market appetite, evidenced by sales to Quantum Machines. The company plans to triple its team size as it targets quantum computing scaling challenges and new applications in defence and communications.

Read More »
June 23, 2026

Quantum Computing Weekly Round-Up: Week Ending May 16, 2026

This quantum computing weekly roundup for the week ending May 16, 2026 showcases impressive hardware progress including silicon spin qubits that teleport states across a chip and the first hybrid rack-mounted quantum computer. Funding continued strongly with Photonic Inc raising over $200 million while post-quantum security efforts gained urgency across governments and industry. Europe demonstrated clear momentum with new academies, supercomputer access, and commercial pilots. The field is rapidly moving from lab curiosity to practical deployment.

Read More »
May 15, 2026
Money Congress U.S. Flag Quantum

Quantum R&D Priorities in FY 2027 Trump Administration Budget

The Trump Administration’s FY 2027 R&D budget memorandum outlines key areas to bolster U.S. leadership. Quantum R&D priorities stand out as central, integrating with AI, energy, security, health, and space initiatives. The strategic focus aims to enrich American prosperity and safeguard against global competitors.

Read More »
September 23, 2025

Get The Qubit Report delivered straight to your inbox.

Sign up to receive our newsletter and other reports.

We keep your data private and share your data only with third parties that make this service possible. Read our privacy policy for more info.