The pace of the quantum revolution is certainly picking up, with more machines and devices beginning to show useful applications, opening a chink in the curtains to reveal a whole vista of opportunity that will enable society to tackle some of its hardest challenges and unlock new value for businesses.
However, the throttle on this revolution remains, frustratingly, only partially open.
This is not because there is unwillingness to invest; there have been numerous high value investments of late including our own QTIC startups KETS Quantum and QLM Technologies each closing a £3.1m seed round, and University of Bristol start-up PsiQuantum raising over $230m with Microsoft as one of their investors.
Despite this, raising funds is still really hard, and I don’t want to diminish these enormous successes in the face of very tough competition. Kudos belongs to those who have done this.