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Top 11 Quantum Computing Startups in 2024

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Have you ever wondered who is on the list of Quantum Computing companies with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 11 fast-growing Quantum Computing startups that have top-tier venture capital funding.


11 Quantum Computing Startups

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1) Xanadu

Xanadu

Xanadu is a business that combines and builds quantum silicon photonic chips for photonic quantum computing.

Details of the startup:

  • Country: Canada
  • State: Ontario
  • City: Toronto
  • Started in: 2016
  • Founders: Christian Weedbrook
  • Number of employees: 51-100
  • Funding: $135,621,646
  • Funding rounds: 7
  • Number of investors: 16 (Creative Destruction Lab (CDL), Tiger Global Management, Bessemer Venture Partners, OMERS Ventures, BDC Capital)

You can find their website here.

2) QANplatform [QAN blockchain platform]

QANplatform [QAN blockchain platform]

QANplatform is a hybrid blockchain platform that is quantum-resistant. With QANplatform, you can create software apps like DApps or Defi in 5 minutes and perform business activities on the blockchain.

Details of the startup:

  • Country: Estonia
  • State: Harjumaa
  • City: Tallinn
  • Started in: 2019
  • Number of employees: 11-50
  • Funding: $2,100,000
  • Funding rounds: 1
  • Number of investors: 4 (BlackDragon, DeltaHub Capital, Insignius Capital, Fairum Ventures)

You can find their website here.

3) PASQAL

PASQAL

PASQAL develops quantum processors for application in difficult computing problems.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Palaiseau
  • Started in: 2019
  • Founders: Christophe Jurczak, Georges-Olivier Reymond
  • Number of employees: 1-10
  • Funding: € 25,000,000
  • Funding rounds: 3
  • Number of investors: 7 (Bpifrance, European Innovation Council, Daphni, Runa Capital, Quantonation)

You can find their website here.

4) Agnostiq

Agnostiq

Agnostiq is developing a quantum computing development platform to aid organizations in completing mission-critical activities.

Details of the startup:

  • Country: Canada
  • State: Ontario
  • City: Toronto
  • Started in: 2018
  • Founders: Edwin Tham, Elliot MacGowan, Oktay Goktas
  • Number of employees: 1-10
  • Funding: $2,801,819
  • Funding rounds: 5
  • Number of investors: 6 (Creative Destruction Lab (CDL), Scout Ventures, Tensility Venture Partners, Differential Ventures, Green Egg Ventures)

You can find their website here.

5) IQM

IQM

IQM focuses on superconducting technology to create scalable hardware for universal quantum computers.

Details of the startup:

  • Country: Finland
  • State: Southern Finland
  • City: Espoo
  • Started in: 2018
  • Founders: Jan Goetz, Juha Vartiainen, Kuan Yen Tan, Mikko Möttönen
  • Number of employees: 51-100
  • Funding: € 70,750,000
  • Funding rounds: 5
  • Number of investors: 11 (Tencent, OpenOcean, Tesi, Vsquared Ventures, MIG)

You can find their website here.

6) Q-CTRL

Q-CTRL

As intuitive software, world-class quantum control engineering skills

Details of the startup:

  • Country: Australia
  • State: New South Wales
  • City: Pyrmont
  • Started in: 2017
  • Founders: Michael Biercuk
  • Number of employees: 11-50
  • Funding: $15,000,000
  • Funding rounds: 4
  • Number of investors: 8 (Sequoia Capital, Sequoia Capital China, Horizons Ventures, Sierra Ventures, DCVC)

You can find their website here.

7) QuintessenceLabs

QuintessenceLabs

The World's Leading Quantum Security Company

Details of the startup:

  • Country: Australia
  • State: Australian Capital Territory
  • City: Canberra
  • Started in: 2008
  • Founders: Vikram Sharma
  • Number of employees: 51-100
  • Funding: $30,553,756
  • Funding rounds: 7
  • Number of investors: 2 (In-Q-Tel, Australian Government Department of Defense)

You can find their website here.

8) IonQ

IonQ

IONQ is a company that creates quantum information processors for a variety of applications.

Details of the startup:

  • Country: United States
  • State: Maryland
  • City: College Park
  • Started in: 2015
  • Founders: Christopher Monroe, Jungsang Kim
  • Number of employees: 51-100
  • Funding: $82,000,000
  • Funding rounds: 3
  • Number of investors: 15 (New Enterprise Associates, GV, Amazon, Correlation Ventures, Lockheed Martin)

You can find their website here.

9) Strangeworks

Strangeworks

Strangeworks brings the power of quantum computing to everyone in one convenient location. Visit http://quantumcomputing.com for additional information.

Details of the startup:

  • Country: United States
  • State: Texas
  • City: Austin
  • Started in: 2018
  • Founders: David Cardona, Justin Youens, William Hurley
  • Number of employees: 11-50
  • Funding: $4,000,000
  • Funding rounds: 1
  • Number of investors: 8 (Lux Capital, BoxGroup, Lightspeed Venture Partners, GreatPoint Ventures, Amplify Partners)

You can find their website here.

10) Quantum Computing

Quantum Computing

Quantum Computing is working on ways to make quantum computing hardware and software more commercially viable.

Details of the startup:

  • Country: United States
  • State: Virginia
  • City: Leesburg
  • Started in: 2018
  • Number of employees: 11-50
  • Funding: $7,475,500
  • Funding rounds: 3

You can find their website here.

11) Zapata Computing

Zapata Computing

Zapata Computing is a quantum software business that provides industrial and commercial computing solutions.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2017
  • Founders: Alán Aspuru-Guzik, Christopher Savoie, Jhonathan Romero, Jonathan Olson, Peter Johnson, Yudong Cao
  • Number of employees: 51-100
  • Funding: $67,396,550
  • Funding rounds: 5
  • Number of investors: 14 (Alumni Ventures Group, Merck, Pitango Venture Capital, Pillar VC, BASF Venture Capital)

You can find their website here.

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