PitchBook：2026比特到量子：全球量子计算融资规模创新高且持续提速研究报告（英文版）（40页）.pdf

1、ANALYST NOTE:BIT BY QUBIT1Institutional Research GroupDimitri Zabelin Senior Research Analyst,AI and Cybersecurity Oscar Allaway Senior Data APublished on June 25,2026ContentsEMERGING TECH RESEARCHBit by Qubit:Global Quantum Computing Funding Hits New Records and Is AcceleratingOne atomic step for m

2、anPitchBook is a Morningstar company providing the most comprehensive,most accurate,and hard-to-find data for professionals doing business in the private markets.Key takeaways 1Introduction 2Venture activity in quantum computing:Q1 2016-Q1 2026 4Investment trends in publicly traded quantum computing

3、 securities 12The mega-catalyst:Geopolitical competition 14Industry insights 20Conclusion 30Outlook 31Appendix 33References 37Key takeaways VC investment in quantum computing reached an inflection point in 2025,with$3.9 billion deployed across 125 transactions,the highest annual total on record.Roug

4、hly five out of every six dollars invested in quantum computing globally flowed through North American or European transactions,with North America capturing 52.5%of deal value and Europe 33.6%.A small set of category-defining platform companies is capturing most late-stage rounds as incumbent firms

5、accelerate hitting technical benchmarks.ANALYST NOTE:BIT BY QUBIT2IntroductionSpin-up(side)momentumQuantum computing capital has been accelerating because three structural forces are converging:a technical inflection in error correction,escalating geopolitical competition,and the entry of mainstream

6、 institutional capital into what was previously a specialist asset class.Together,these forces are compressing the timeline to commercial viability and pulling forward capital that would historically have waited for later-stage certainty.Technical inflection.Error correction has advanced from theore