Industry Landscape

From research to commercialization — how quantum computing technologies are moving from the lab to the market.

Research → Market Pipeline

4,690

Research Papers

→

5 companies

Research Stage

→

11 companies

Prototype

→

10 companies

Cloud Access

Technologies

Photonic

Qubits encoded in photons. Room-temperature operation, natural for networking.

1,629

Papers (all)

1,536

Last 12 mo

Companies

Private

Public mkt cap

1 Cloud Access2 Prototype

Superconducting

Circuits cooled near absolute zero. Most mature platform — IBM, Google, Rigetti all use it.

779

Papers (all)

710

Last 12 mo

Companies

$4.3T

Public mkt cap

6 Cloud Access2 Prototype

Topological

Qubits based on exotic quasiparticles. Theoretically most error-resistant, still early.

697

Papers (all)

648

Last 12 mo

Companies

$3.1T

Public mkt cap

1 Research

Cat/Bosonic

Photon states in microwave cavities with built-in error protection.

458

Papers (all)

413

Last 12 mo

Companies

Private

Public mkt cap

1 Prototype1 Research

Silicon Spin

Electron spins in silicon chips. Leverages existing semiconductor manufacturing.

405

Papers (all)

369

Last 12 mo

Companies

$125B

Public mkt cap

1 Prototype3 Research

Neutral Atom

Arrays of atoms held by laser tweezers. Rapidly scaling to 1,000+ qubits.

333

Papers (all)

316

Last 12 mo

Companies

Private

Public mkt cap

1 Cloud Access3 Prototype

Trapped Ion

Individual ions held in electromagnetic traps. Highest gate fidelity today.

250

Papers (all)

234

Last 12 mo

Companies

$8B

Public mkt cap

2 Cloud Access2 Prototype

NV Center

Nitrogen-vacancy defects in diamond. Strong for sensing, explored for computing.

139

Papers (all)

137

Last 12 mo

Companies

Private

Public mkt cap

Companies

Company	Technology	Stage	Valuation ▼	Country
Microsoft QuantumMSFT Majorana-based topological qubits. Azure Quantum cloud platform (hosts other hardware).	Topological	Research	$3.1Tmkt cap	US
Google Quantum AIGOOGL Willow chip achieved below-threshold error correction. Pursuing fault-tolerant quantum computing.	Superconducting	Prototype	$2.1Tmkt cap	US
Amazon BraketAMZN Cloud platform hosting IonQ, Rigetti, QuEra hardware. AWS Center for Quantum Computing.	Superconducting	Cloud Access	$2.0Tmkt cap	US
IBM QuantumIBM 1,121-qubit Condor processor. Largest cloud quantum fleet. Qiskit ecosystem.	Superconducting	Cloud Access	$220Bmkt cap	US
Intel QuantumINTC Tunnel Falls 12-qubit silicon chip. Leveraging existing semiconductor fabrication.	Silicon Spin	Prototype	$125Bmkt cap	US
IonQIONQ Forte Enterprise: 36 algorithmic qubits. Available on AWS, Azure, Google Cloud.	Trapped Ion	Cloud Access	$8Bmkt cap	US
Rigetti ComputingRGTI Vertically integrated: builds own chips and offers cloud access via Rigetti QCS.	Superconducting	Cloud Access	$3Bmkt cap	US
D-Wave SystemsQBTS Quantum annealing pioneer. Advantage system: 5,000+ qubits. Also developing gate-based.	Superconducting	Cloud Access	$2Bmkt cap	Canada
PsiQuantum Building million-qubit photonic quantum computer using silicon photonics manufacturing.	Photonic	Prototype	$620Mlast round	US
Quantinuum Honeywell spin-off. H2 system: 56 qubits, 99.8% fidelity. Industry-leading gate quality.	Trapped Ion	Cloud Access	$300Mlast round	US
QuEra Computing 256-qubit Aquila machine. Harvard/MIT spin-off. Error-corrected neutral atom platform.	Neutral Atom	Cloud Access	$230Mlast round	US
Origin Quantum China's leading quantum computing company. 72-qubit Wukong processor.	Superconducting	Cloud Access	$150Mlast round	China
IQM Quantum Computers European leader. Building 150-qubit systems. On-premise quantum computers for data centers.	Superconducting	Prototype	$128Mlast round	Finland
Infleqtion Formerly ColdQuanta. Quantum sensing, networking, and computing with cold atoms.	Neutral Atom	Prototype	$110Mlast round	US
Xanadu Borealis photonic processor. PennyLane software framework for quantum ML.	Photonic	Cloud Access	$100Mlast round	Canada
Oxford Quantum Circuits Coaxmon architecture. Cloud quantum computing platform available in EU.	Superconducting	Cloud Access	$100Mlast round	UK
Pasqal 1,000-atom processor. Merged with Qu&Co. Focus on quantum simulation for industry.	Neutral Atom	Prototype	$100Mlast round	France
Atom Computing 1,225-site atomic array. Long coherence times with strontium atoms.	Neutral Atom	Prototype	$75Mlast round	US
Silicon Quantum Computing UNSW spin-off. Atom-scale quantum processor in silicon.	Silicon Spin	Research	$60Mlast round	Australia
Quandela Single-photon sources and photonic quantum processors.	Photonic	Prototype	$50Mlast round	France
Quantum Motion Silicon-based quantum computing using standard CMOS foundries.	Silicon Spin	Research	$42Mlast round	UK
eleQtron MAGIC architecture using microwave-driven trapped ions. Spin-off from University of Siegen.	Trapped Ion	Prototype	$30Mlast round	Germany
Alice & Bob Cat qubits with built-in error protection. Targeting fault tolerance with fewer physical qubits.	Cat/Bosonic	Prototype	$30Mlast round	France
Diraq UNSW spin-off. Silicon CMOS qubits compatible with standard chip fabrication.	Silicon Spin	Research	$15Mlast round	Australia
Alpine Quantum Technologies Compact trapped-ion systems from Innsbruck research group.	Trapped Ion	Prototype	$10Mlast round	Austria
Nord Quantique Bosonic error correction with microwave cavities.	Cat/Bosonic	Research	$9Mlast round	Canada