Rising valuations in quantum computing businesses could spell good news for firms working across their supply chain, including specialty gas suppliers and quantum cooling specialists.
Quantinuum, a UK–US firm whose investors include international tech giant Honeywell has just raised $600m as investor interest builds in the cutting-edge technology, which has the potential to power breakthroughs in a wide range of areas, from drug discovery to artificial intelligence.
In a smaller but equally encouraging funding announcement, Phasecraft, a deeptech business founded by a group of Bristol and London-based academics, has raised $34m (£25m) to bring quantum computing closer to solving real-world challenges.
The UK’s decision to inject more than £500m ($687m) into quantum computing over the next four years could also open new opportunities for the industrial gas sector, particularly in cryogenics and high-purity gas supply.
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