Amount$110M
Post-money valuation$450M
SeriesSeries C
AnnouncedMay 12, 2025
SectorQuantum Computing
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series C round (2.4×).
Syndicate size
Party round (10 investors) — diffuse ownership and signal.
Insider conviction
5 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series C rounds (999)
Round size distribution84th pct
smaller Series C roundslarger
Post-money valuation22th pct
$29Mthis round: $450M$3B
vs. Quantum Computing (99)
Round size in sector90th pct
$43Kthis round: $110M$70M
