PsiQuantum has received a conditional loan commitment of up to $150 million from the U.S. Department of Defense (referred to in the announcement as the Department of War). The funds are intended to expand U.S.-based prototyping, manufacturing, and system-integration capabilities.
Nord Quantique has won additional DARPA funding under the Quantum Benchmarking Initiative to continue evaluating and developing its bosonic quantum error‑correction approach.
IonQ has received $7.5 million in follow-on funding from the U.S. Air Force Research Laboratory to expand its quantum network research infrastructure connecting heterogeneous quantum devices.
Xanadu has received provisional approval for up to $10 million in additional funding under DARPA’s Quantum Benchmarking Initiative, accelerating R&D on photonic quantum computers.
QIA will undertake 42 months of R&D aiming to connect city‑scale networks via quantum repeaters. Qblox will be responsible for the control systems.
PsiQuantum has signed a formal agreement with the US Department of Commerce for a $100 million CHIPS and Science Act award. The funding will support development and US-based production of optical switches, single-photon detectors, and advanced packaging.
To scale trapped‑ion quantum computers, the company will strengthen R&D and US domestic manufacturing of ion traps, control electronics, and optical components.
Rigetti has signed a definitive $100 million funding agreement with the US Commerce Department. The projects will address readout equipment, ultra-low-temperature cryogenic systems, and chip manufacturing challenges.
D-Wave has signed a final agreement with the U.S. Department of Commerce. Up to $100 million will be made available for R&D on next-generation quantum annealing and gate-model systems.
Xanadu has announced plans to establish an advanced photonics facility, Inception, in Toronto to house research and development through manufacturing and systems integration.
Xanadu has signed a support agreement with the Canadian government to establish domestic capabilities for chip integration, packaging, testing, and module assembly for photonic quantum computers.
Neutral‑atom quantum computing company Pasqal has completed its business combination with a SPAC, securing about $360 million to fund QPU scale‑up, fault‑tolerance development, and commercial roll‑out.
OptQC has raised ¥7 billion in a Series A2 round led by NTT. The funds will be used for R&D on a next‑generation photonic quantum processor and for hiring.
D-Wave has received up to CAD 300,000 from Canada’s NRC to develop embedding algorithms for Advantage2’s Zephyr topology. Results are planned for integration into the Ocean SDK.
Quemix has received investment from Honda. Building on their joint research, the companies plan to introduce quantum algorithms into practical development workflows for next‑generation battery materials and other applications.
Pasqal’s planned Nasdaq listing via a SPAC has advanced procedurally. The companies aim to complete the business combination following an August 25 shareholder meeting.
JIJ has raised approximately ¥840 million through a third‑party allocation of shares. The funds will be used to expand its mathematical optimization business, advance “JijZept AI”, develop middleware for gate‑model quantum computing, and support overseas expansion.