Quantum computing investments rise as commercial use cases emerge - Global Venturing
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IBM and D-Wave shared examples of ways that real customers are using their platforms, reinforcing a sense that quantum is approaching the commercialisation stage. The £260m series C funding round raised by Oxford Quantum Circuits this week was described by its CEO as a "coming-of-age moment" for the industry. Gerald Mullally, head of the Oxford University quantum hardware and software provider said the large funding round represented "a clear shift in the market — from long-term promise to near-term delivery in quantum computing".It is a trend we have seen across the board with corporations becoming bolder in their investments in this area. Last year corporate-backed rounds for quantum computing companies raised nearly $3bn in funding and this year looks like totals could be similar, with $1.3bn raised just five months in. ✓ Unlimited access to Global Corporate Venturing editorial articles ✓ Annual benchmarking report and sector and thematic reports ✓ Full access to The CVC Directory and The CVC Funding Round Database ✓ GCV events early access and special discountsSubscribe to GCV+Maija Palmer is editor of Global Venturing and puts together the weekly email newsletter (sign up here for free).GCV membership connects your team with leading corporate investors, trusted data and a global network to support smarter strategic decisions.Rewatch the sessions, recap the learningsGCV's annual report on the state of the corporate investment sectorThe talent pipeline in corporate venturing shows both momentum and staying power, as the industry comes of age.GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits our membership, providing privileged access to all our services and resources.