Investment in quantum startups down by 50 percent but interest remains strong

A new report shows a 50 percent global drop in venture capital invested into quantum startups from $2.2 billion in 2022 to around $1.2 billion in 2023. The US saw an even bigger decline at 80 percent, while Europe, the Middle East and Africa grew by three percent. The report from IQM Quantum Computers, OpenOcean, a leading European venture capital firm, and Lakestar, the leading European technology investor, attributes the drop to an overall decline in technology investing rather than to falling interest in quantum technology. Over 30 governments have committed to more than $40 billion in public funding commitments… [Continue Reading]