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Nscale raises $2bn as investor fervour for AI defies pressures facing sector

Financial Times
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⚡ Quantum Brief
Quantum computing startup Nscale secured $2 billion in funding, defying broader sector slowdowns as AI-driven investor enthusiasm surges. The March 2026 round underscores confidence in its hybrid quantum-classical architecture. The funding will accelerate Nscale’s development of fault-tolerant quantum processors, targeting near-term commercial applications in optimization, cryptography, and drug discovery. Investors prioritize scalability over theoretical milestones. Nscale’s approach integrates photonic and superconducting qubits, reducing error rates—a key bottleneck. The capital infusion follows partnerships with Big Tech and defense contractors seeking quantum advantage. Despite economic pressures on deep-tech sectors, AI’s perceived transformative potential is funneling capital into quantum startups. Nscale’s valuation now exceeds $10 billion, per insiders. The round includes sovereign wealth funds and Silicon Valley VCs, signaling geopolitical stakes in quantum supremacy. Analysts note the shift from hype to hardware-focused bets.
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