Amount$100M
SeriesSeries B
AnnouncedSep 20, 2023
SectorQuantum Computing
Sub-sectorQuantum Computing Hardware
RegionUSA
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series B round (3.6×).
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution89th pct
smaller Series B roundslarger
vs. Quantum Computing (99)
Round size in sector89th pct
$43Kthis round: $100M$70M
