# Quantonation Portfolio Map 2026: 21 Startups by Sector

> Quantonation's portfolio mapped: 21 startups it has backed, in 6 sectors from AI, Quantum Computing and IT Services on.

Source: https://millionrounds.com/portfolio-maps/quantonation-portfolio-map (Millionrounds; every figure on the page links to its filing or article)

## AI

4

- [Multiverse Computing](https://millionrounds.com/company/multiverse-computing)
- [ORCA Computing](https://millionrounds.com/company/orca-computing)
- [Resolve Stroke](https://millionrounds.com/company/resolve-stroke)
- [LightOn](https://millionrounds.com/company/lighton)

## Quantum Computing

4

- [Quobly](https://millionrounds.com/company/quobly)
- [Diraq](https://millionrounds.com/company/diraq)
- [Nord Quantique](https://millionrounds.com/company/nord-quantique)
- [ZuriQ](https://millionrounds.com/company/zuriq)

## IT Services

4

- [Qblox](https://millionrounds.com/company/qblox)
- [Project Eleven](https://millionrounds.com/company/project-eleven)
- [KETS Quantum Security](https://millionrounds.com/company/kets-quantum-security)
- [QphoX](https://millionrounds.com/company/qphox)

## Cybersecurity

3

- [CryptoNext Security](https://millionrounds.com/company/cryptonext-security)
- [Qunnect](https://millionrounds.com/company/qunnect)
- [evolutionQ](https://millionrounds.com/company/evolutionq)

## Biotech

3

- [TAU Systems](https://millionrounds.com/company/tau-systems)
- [Qubit Pharmaceuticals](https://millionrounds.com/company/qubit-pharmaceuticals)
- [*Q* Qnami](https://millionrounds.com/company/qnami)

## Hardware & Electronics

3

- [Quandela](https://millionrounds.com/company/quandela)
- [Kipu Quantum](https://millionrounds.com/company/kipu-quantum)
- [Pixel Photonics](https://millionrounds.com/company/pixel-photonics)

## Segment by segment

### AI

4 startups · $879M raised

- [**Multiverse Computing**](https://millionrounds.com/company/multiverse-computing) Multiverse Computing is a leading quantum AI software company based in San Sebastián, Spain, with additional offices in Canada, th Spain $785M
- [**ORCA Computing**](https://millionrounds.com/company/orca-computing) ORCA Computing is building the first scalable and flexible quantum computer powered by photonics. United Kingdom $85M
- [**Resolve Stroke**](https://millionrounds.com/company/resolve-stroke) Resolve Stroke is a neurotechnology company that utilizes AI to enhance transcranial ultrasound signals, enabling real-time biomar France $5.2M
- [**LightOn**](https://millionrounds.com/company/lighton) LightOn delivers amazing GenAI to Enterprise - $3.3M

### Quantum Computing

4 startups · $304M raised

- [**Quobly**](https://millionrounds.com/company/quobly) Quobly is a French quantum computing company founded in 2022 in Grenoble, known for its innovative approach to quantum technology. France $151M
- [**Diraq**](https://millionrounds.com/company/diraq) Diraq is a Sydney-based quantum computing company founded in 2022 as a spin-out from UNSW Sydney. Australia $67M
- [**Nord Quantique**](https://millionrounds.com/company/nord-quantique) Nord Quantique is a Canadian startup based in Sherbrooke, Quebec, focused on developing fault-tolerant quantum computers. Canada $57M
- [**ZuriQ**](https://millionrounds.com/company/zuriq) ZuriQ is a Swiss deep-tech startup focused on developing scalable, fault-tolerant quantum computers. Switzerland $30M

### IT Services

4 startups · $66M raised

- [**Qblox**](https://millionrounds.com/company/qblox) Qblox is a Dutch high-tech company founded in 2018, specializing in scalable, low-latency qubit control electronics. Netherlands $26M
- [**Project Eleven**](https://millionrounds.com/company/project-eleven) Project Eleven is dedicated to building resilient infrastructure and tools to secure digital assets for the post-quantum era. United States $20M
- [**KETS Quantum Security**](https://millionrounds.com/company/kets-quantum-security) KETS Quantum Security is a UK-based start-up founded in 2016, specializing in chip-based quantum security solutions. United Kingdom $11M
- [**QphoX**](https://millionrounds.com/company/qphox) QphoX builds quantum modem device, connecting quantum computers across a quantum network. Netherlands $8.7M

### Cybersecurity

3 startups · $27M raised

- [**CryptoNext Security**](https://millionrounds.com/company/cryptonext-security) CryptoNext Security is a Paris-based software vendor founded in 2019, specializing in post-quantum cryptography (PQC) and crypto-a France $12M
- [**Qunnect**](https://millionrounds.com/company/qunnect) Qunnect is a quantum-technology company based in Brooklyn, founded between 2017 and 2018. United States $10M
- [**evolutionQ**](https://millionrounds.com/company/evolutionq) evolutionQ is a quantum-safe cybersecurity company founded in 2015 and based in Waterloo, Ontario, with an additional office in Aa Canada $5.4M

### Biotech

3 startups · $40M raised

- [**TAU Systems**](https://millionrounds.com/company/tau-systems) Theoretical Applications of Undersea (TAU) Systems is an employee-owned engineering firm that brings advanced theoretical concepts United States $20M
- [**Qubit Pharmaceuticals**](https://millionrounds.com/company/qubit-pharmaceuticals) Qubit Pharmaceuticals is a physics-driven drug discovery company founded in 2020 and headquartered in Paris, France, with addition France $17M
- [*Q* **Qnami**](https://millionrounds.com/company/qnami) Switzerland $2.6M

### Hardware & Electronics

3 startups · $71M raised

- [**Quandela**](https://millionrounds.com/company/quandela) Quandela designs quantum computers and generators to deliver quantum-secure communication networks and scalable quantum processors. France $54M
- [**Kipu Quantum**](https://millionrounds.com/company/kipu-quantum) Kipu Quantum is a German deep-tech company founded in 2021, with headquarters in Karlsruhe and Berlin. Germany $12M
- [**Pixel Photonics**](https://millionrounds.com/company/pixel-photonics) Pixel Photonics manufactures scalable single-photon detectors for applications like secure quantum communication. Germany $5.7M

**How this map is made.** Every startup here has raised money in a round we track that names Quantonation as an investor, the first in 2018. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[VC firm · France **Kima Ventures** 340 startups · 12 sectors · $6.3B](https://millionrounds.com/portfolio-maps/kima-ventures-portfolio-map)[VC firm · France **Partech Ventures** 173 startups · 12 sectors · $7.9B](https://millionrounds.com/portfolio-maps/partech-portfolio-map)[VC firm · France **BNP Paribas** 128 startups · 12 sectors · $40B](https://millionrounds.com/portfolio-maps/bnp-paribas-portfolio-map)[VC firm · France **Sofinnova Partners** 105 startups · 9 sectors · $7.4B](https://millionrounds.com/portfolio-maps/sofinnova-partners-portfolio-map)[VC firm · France **Ring Capital** 91 startups · 12 sectors · $1.7B](https://millionrounds.com/portfolio-maps/ring-portfolio-map)[VC firm · France **Seventure Partners** 91 startups · 12 sectors · $3.6B](https://millionrounds.com/portfolio-maps/seventure-partners-portfolio-map)

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