The most comprehensive open analysis of quantum readiness
1,222 papers across 20 research areas. 81 startups and $11.8B in funding. 124 chains scored. 189 deals. Everything a CISO, CTO, or board member needs. Vendor-neutral. Updated quarterly. Free.
Research
Output peaked in 2023 with 334 papers. The field is shifting from theory to building. 26 papers survived our commercial viability screen.
Startups & Funding
$11.8B chasing quantum. Hardware dominates at 74.6%. The real opportunity is in underserved categories: error correction, developer tools, PQC.
Revenue
Government controls 39.5%. The top 3 sectors hold 72.1% of all quantum revenue. 14 deals exceed $50M.
Chain Vulnerability
123 of 124 chains use cryptography already broken on paper. Only Algorand scores above 3.0. This is not a future risk.
Domain Network
20 research domains. Amber dashed lines mark whitespace: high similarity, low paper overlap. These gaps are where the next companies get built.
1,222 papers. 20 domains. The field is shifting from theory to building.
Output peaked in 2023 at 334 papers, representing 14× growth from 2020. The 2024–2025 plateau signals maturation: foundational research is sufficient to build commercial products. 26 papers survived our venture viability screen.
Key insight: The top 3 areas (Algorithms, QML, Chemistry) account for 43% of all output. But the fastest-growing area is Hardware & Implementation at +188% YoY. Theory is mature. Building has begun.
$11.8B is chasing quantum. Your competitors are in those pitch decks.
Hardware dominates at 74.6% of total funding. But the real signal is in underserved categories: error correction at $100M, developer tools at $200M, cybersecurity at $950M. The top 3 startups hold 40% of all quantum funding. This is a power law.
Key insight: PsiQuantum alone raised $2.3B. The top 3 hold 40% of all quantum funding. This market is not evenly distributed. It's a power law with a long tail of $5–50M seed-stage companies that represent the next wave.
Government controls 39.5%. If you're not selling to the top 3, you're fighting over 28%.
134 enterprise customers across 10 industries. Government + defense + tech controls 72.1%. 14 individual deals exceed $50M. The median deal is $1–5M, but the fat tail changes everything.
Key insight: The median deal is $1–5M (74 deals), but 14 deals above $50M account for over 60% of total contract value. In quantum, a single government contract can outweigh 50 commercial ones.
| Customer | Industry | Maturity | Total Spend |
|---|
123 out of 124 chains use cryptography that has already been broken on paper.
Each chain is scored 0–4 across 8 quantum readiness dimensions using our QR8 framework. A score of 0 means no protection against known quantum attacks. A score of 4 means post-quantum cryptography is implemented and governance is in place for migration.
Key insight: The average chain scores 1.5/4. This is not a future risk with a vague timeline. It's a present vulnerability. The question is not "if" but "when," and the timeline is measured in years, not decades.
20 domains. The whitespace between them is where the next companies get built.
Hover any domain to see its connections. Solid lines: established overlap. Amber dashed lines: whitespace opportunities with high similarity but low paper overlap. These gaps represent uncontested market space.
Strongest whitespace signals: Finance × Cybersecurity, Healthcare × Chemistry, RL × Cybersecurity. Each pair has >85% topic similarity but <5% paper overlap. A product waiting to be built.