After GenAI, investors make a beeline for quantum computing startups

The growth of generative artificial intelligence (GenAI) and the meteoric rise of Chat GPT have boosted the momentum for quantum computing with many startup founders and investors betting on it.As per Tracxn, there are nearly 50 active startups currently in the quantum computing segment. These startups have raised over $12.2 million in funding this year against $5.2 million in 2023. Besides IPV, Speciale Invest, Exfinity Ventures, 8X Ventures, Soonicorn Ventures, YourNest, SIDBI Venture Capital, We Founder Circle, and Venture Catalysts are some of the investors.Simply put,