Amount$170M
Post-money valuation$700M
SeriesSeries C
AnnouncedFeb 25, 2025
Time since last round458 mo
SectorQuantum Computing
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series C round (3.8×).
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record 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 distribution91th pct
smaller Series C roundslarger
Post-money valuation35th pct
$29Mthis round: $700M$3B
vs. Quantum Computing (99)
Round size in sector97th pct
$43Kthis round: $170M$70M
