OpenOcean–IQM-Lakestar State of Quantum 2022: 63% of business leaders believe commercialized quantum computing will hit the market in five years

The report reveals that 91% of business leaders surveyed have already invested or plan to invest in quantum computing. 61% of business leaders plan to invest $1 million or more in quantum computing over the next three years

ESPOO, Finland, November 16, 2022–(BUSINESS WIRE)–OpenOceana leading European venture capital firm, IQM Quantum Computersa European leader in the field of quantum computers, and LakestarEurope’s leading technology investor, today released the OpenOcean-IQM-Lakestar State of Quantum 2022 report, in association with The Quantum Insider (TQI). The report shows that 91% of business leaders are investing or planning to invest in quantum computing, an area where private investment has increased by 500% going from a total of $0.4 billion in 2017 at $2.2 billion in 2021.

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OpenOcean–IQM-Lakestar State of Quantum 2022 Report (Graphic: Business Wire)

This White Book is the result of a new online cross-industry quantum computing readiness survey, as well as investment data from the TQI and other data sources. It brings together responses from business leaders around the world to understand their preparedness and readiness for commercialized quantum computing.

The findings of this report explain the ways in which investors and decision makers can bridge the gap between the speed and direction of quantum development and what customers are ready and expecting – by harnessing the value created by commercial use cases. .

Main findings:

Preparing for the quantum era

For those looking to take advantage of all that quantum computing has to offer, it is essential to understand where the industry currently stands. The desire of investors and customers for real use cases and generic error-correcting quantum machines is growing rapidly.

Despite the challenges posed by the shortage of quantum computing talent and the cost of hardware, a significant percentage (33%) companies see at least one specific application future for this technology. These companies understand that quantum computing will bring immense challenges and changes over the next few years, identifying the three sectors most likely to be transformed to be cybersecurity, finance and healthcare, including the discovery of medicines and pharmaceutical research.

Ekaterina Almasque, General Partner of OpenOcean, said: “Our research confirms that we are on a one-way road to entering the quantum era. The results are a clear sign that the broader market is beginning to buy into the potential of quantum computing, recognizing its emerging commercial potential and supporting it with significant investment. A unique opportunity now exists for companies and pioneers to carve out an impactful strategy for operating in the new quantum realm. It was encouraging to see software development as an investment priority – this is also where we see the urgent need for progress. »

“Our mission, as an early investor in pioneering technologies, is to support emerging European leaders in quantum computing. These technologies are already appearing on the market, and will develop and progress in the decades to come. The industry is looking for solid investment strategies and concrete examples of added value; that is why we must be on the lookout for practical solutions. For businesses to stand out in a competitive landscape, they will need complete quantum solutions – built and designed for the problems that need solving the most. »

The doctor Jan Goetz, CEO and co-founder of IQM Quantum Computers, said, “I am pleased to see in this report that business leaders across Europe, APAC and North America are already using quantum computing and planning to significant investment in research and development in the near future. With quantum technologies, we can expect several use cases like improvements in drug discovery, encryption and data protection, prediction of financial systems, and solutions to other problems. We will see significant transformation of industries by bringing hardware and software together, developing application-specific capabilities, and addressing the most pressing issues. »

“At IQM, we have a strategy of partnering with HPC centers and businesses, and this report marks our continued commitment to working with businesses and creating a fast track to quantum advantage. »

Stephen NundyPartner and CTO at Lakestar, said, “We fundamentally believe that for quantum to reach its full potential in the near and long term, we must encourage investment and experimentation in quantum software to enable early adoption. which feels naturally accrediting to existing platforms and technology already developed.

“Customers shouldn’t, and shouldn’t, need quantum savvy to be able to develop and deploy hybrid quantum applications that solve real-world problems, create business advantages, and leverage the best native quantum hardware available. . There’s certainly plenty to get excited about this new computing paradigm – the opportunity for quantum software and hardware companies to work together to build viable platforms for commercial and societal use is already here. »

Read the OpenOcean-IQM-Lakestar State of Quantum 2022 white paper here: State of Quantum 2022 Report

About OpenOcean

OpenOcean is an early-stage venture capital firm making investments across Europe, with offices in London and Helsinki. Using our entrepreneurial experience gained from building multiple category-defining software companies, we engage with founders to build and scale global businesses delivering data solutions for the new economy. OpenOcean typically leads or co-leads Series A funding rounds.

About IQM Quantum Computers

IQM is the pan-European leader in the construction of quantum computers. IQM provides on-site quantum computers for supercomputing centers and research labs and offers full access to its hardware. For industrial customers, IQM delivers a quantum advantage through a unique application-specific co-design approach. IQM is building the first commercial 54-qubit quantum computer in Finland with VTT, and an IQM-led consortium (Q-Exa) is also building a quantum computer in Germany. This computer will be integrated with an HPC supercomputer to create a quantum accelerator for future scientific research. IQM has over 200 employees with offices in Paris, Madrid, Munich and Espoo.

About Lakestar

Lakestar’s mission is to find, fund and grow disruptive businesses – enabled by technology – that are founded by exceptional entrepreneurs in Europe and beyond. Founded by Klaus Hommels, the team’s early investments include Skype, Spotify, Facebook and Airbnb. Since raising its first fund in 2012, Lakestar has managed aggregate volume of over €1.2 billion across three seed funds and one growth fund.

The team actively advises and supports portfolio companies on marketing, recruitment, technology, product development and regulatory intelligence, supporting founders from seed to growth or exit. Lakestar is currently privileged to hold investments in Revolut, Blockchain.com, Opendoor, Oscar, GetYourGuide, sennder, Eigen, Public.com, SoFi, Solarisbank, Uncapped, Yapily, Terra Quantum, accuRx, Rhino, ZEBEDEE and Hometogo for n cite just a few. Lakestar is present in Berlin, Zurich and London.

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View the source version on businesswire.com: https://www.businesswire.com/news/home/20221116005483/en/

contacts

IQM Media Contact
Raghunath Koduvayur, Head of Marketing and Communications
Email Address:Raghunath@meetiqm.com
Mobile: +358 50 4876509
www.meetiqm.com

OpenOcean Media Contact
Alex Izza, Account Manager
Email address: alex@resonancecrowd.com
Mobile: +44 (0) 759 189 9654
www.openocean.vc

Lakestar Media Contact
Tom Climie
Email address: tom.climie@kekstcnc.com
Such. : +44 7760 160 248

Marisa Wagner
Email address:marisa.wagner@kekstcnc.com
Such. : +49 152 543 727 77
www.lakestar.com

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OpenOcean–IQM-Lakestar State of Quantum 2022: 63% of business leaders believe commercialized quantum computing will hit the market in five years


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