A recent report by QED-C reveals that global government commitments to quantum technologies have surged to nearly $45 billion.

In 2024, quantum technologies generated approximately $1.5 billion in revenue, with quantum computing alone contributing over $1 billion.

Investment in quantum startups has skyrocketed to $2.6 billion in 2024, reflecting a 58% increase from the previous year as the sector transitions from research to commercialization.

Kipu Quantum from Germany is focused on developing tailored quantum algorithms, effectively bridging the gap between hardware providers and end-users.

Meanwhile, Quantumz.io in Poland is working on hybrid workflows that integrate classical and quantum computing for enterprise applications.

Lastly, Silent Waves from France has developed technology for ultrasensitive signal processing, enhancing readout in quantum systems and driving advancements in quantum computing and sensing.

Among these, Oxford Ionics, a UK startup, is at the forefront of trapped-ion quantum computing, utilizing Electronic Qubit Control to facilitate easier scaling with semiconductor techniques.

Nu Quantum, also from the UK, is pioneering technology that enables networking between quantum computers, akin to classical networking.

European quantum computing startups are increasingly attracting attention from venture capitalists, showcasing a range of innovative companies.

Isentroniq from France is tackling infrastructure challenges for scaling qubits by creating advanced wiring systems and 3D architectures for superconducting quantum computers.

Qilimanjaro, a Spanish startup, is dedicated to analog quantum computing, focusing on practical applications such as optimization and material simulation.

Phasecraft, another UK-based company, specializes in optimizing quantum algorithms specifically for materials science and complex optimization problems.