Why Investors Bank on Quantum Commercialization

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Written By Daria Barkai

Q&A with Differential Ventures’ David Magerman

ENTER QUANTUM: Experts agree that commercial quantum computing at scale could be as much as 10 years away, but this hasn’t stopped investors from betting on it turning a profit in the near future. In recent months, Bosch and Porsche were among the investors in Quantum Motion, Strangeworks completed its $24 million series A funding round and Horizon Quantum Computing raised $18 million in series A funding.

U.S. tech venture capital company Differential Ventures led the recent $6 million seed extension round for quantum software company Agnostiq which it will use to accelerate further development and commercialization of its enterprise-grade quantum and high-performance computing platform Covalent.

In this Q&A, Differential founding partner David Magerman explains why investors are throwing their weight behind commercial quantum now.

 

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ENTER QUANTUM: Experts agree that commercial quantum computing at scale could be as much as 10 years away, but this hasn’t stopped investors from betting on it turning a profit in the near future. U.S. tech venture capital company Differential Ventures led the recent $6 million seed extension round for quantum software company Agnostiq which it will use to accelerate further development and commercialization of its enterprise-grade quantum and high-performance computing platform Covalent.

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Daria Barkai
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