For four decades, quantum computing was all about theory. Now it’s all about term sheets.
VC investment in quantum computing hit $3.9 billion across 125 deals in 2025—the highest annual total ever recorded, per a new PitchBook report. Q3 2025 alone clocked $1.6 billion—more than any full year before 2021. And early 2026 is keeping pace: $1.2 billion landed in Q1 before the usual post-megadeal digestion.