Steady progress in approaching the quantum advantage
April. 24, 2024 | By McKinsey
A year of strong funding coupled with sturdy underlying fundamentals and significant technological advances reflected strong momentum in quantum technology (QT).
Private and corporate funding for quantum technology start-ups in pursuit of that value, however, took a notable dip. Investments decreased 27 percent from the previous year, with the biggest drop in quantum sensing start-ups. This decline, however, was smaller than the 38 percent decline in all start-up investment worldwide. Notably, the majority of funding (62 percent) went to companies founded five or more years ago, reflecting a shift in investments toward more-established and promising start-ups, with a focus on scaling them.