VC investment in quantum computing notched a record $2 billion in Q2 across 23 deals, accounting for a third of dollars in the chips and datacenters vertical, according to a new PitchBook report.
Quantum's marquee event this quarter was Quantinuum's IPO, which accounted for most of the $19 billion in quantum exit value and was the first major test of the technology in public markets. On the VC side, Oxford Quantum Circuits raised a £260 million Series C led by Bullhound Capital.
Strategics are eyeing quantum technologies, too. Miraex, a quantum hardware startup, was bought in June following Quantum Circuits $538 million sale earlier this year.
Overall, investment in chips and datacenters fell for the second consecutive quarter, hitting $6.6 billion across 133 deals in Q2. Despite the pullback from recent highs, 2026 is still on pace to exceed 2025's record of $21.6 billion.
The declines were concentrated in semiconductor chip design startups, which posted their weakest quarter since Q1 2025 at $1.7 billion. While newer chip design entrants like Etched, d-Matrix, and Ricursive Intelligence are making waves, the dominance of larger players has given investors pause.

#investment #across #deals #datacenters