Q2 2026 Bit by Qubit: Global Quantum Computing Funding Hits New Records and Is Accelerating - PitchBook

PitchBook clients can access this report and its Excel data pack via the Research Center on the PitchBook Platform. NVIDIA, BlackRock, and sovereign funds pile into quantum computing Quantum computing venture funding hit a record $3.9 billion across 127 deals in 2025, the highest annual total on record. The capital base has also changed character. Venture-growth investment jumped from roughly 1% of deal value in 2024 to 27.5% in 2025. Mainstream institutions including NVIDIA, BlackRock, JPMorgan, and sovereign wealth funds now lead the largest rounds, replacing specialist quantum venture firms. A handful of platform companies are capturing most of this capital. Quantinuum raised at a $10 billion pre-money valuation, while PsiQuantum reached $6.3 billion. Early 2026 also opened a long-awaited exit window, with $5.7 billion in liquidity across four transactions in Q1 alone. Our latest analyst note breaks down the deal data, regional concentration, and policy competition driving the next phase of quantum investment. Quantum computing has crossed into institutional-scale territory. A single quarter, Q4 2025’s record $1.5 billion, now exceeds the entire annual VC total raised in every year before 2021. Table of contents Key takeaways 1 Introduction 2 Venture activity in quantum computing: Q1 2016–Q1 2026 4 Investment trends in publicly traded quantum computing securities 12 The mega-catalyst: Geopolitical competition 14 Industry insights 20 Conclusion 30 Outlook 31 Appendix 33 References 37