Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Lily Mae Lazarus

Why BlackRock, Nvidia, and Temasek are betting billions on quantum computing

Quantinuum rings the IPO bell at the Nasdaq (Credit: MICHAEL NAGLE—Bloomberg/Getty Images)

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.