Investment into early-stage quantum computing technology has remained “very strong” this year despite the gloomy economic climate, the boss of Quantum Exponential has said.
This has been boosted by “increasing governmental support globally” for quantum computing investments, according to Quantum Exponential CEO Steven Metcalfe.
Quantum Exponential floated on the AQUIS Exchange at the end of 2021, raising £5.2m. Since then, the UK’s only listed quantum investor has backed startups including Aegiq, Universal Quantum and QLM Technology.
“Despite the macro-economic backdrop, investment activity in the early-stage quantum domain remained very strong,” said Metcalfe in a financial statement.
“Investors have realised that quantum computers are the future and will in time supersede classical computers, which are slower and unable to solve more complex problems.”...