Gartner expects worldwide quantum computing revenue to reach $1.1 billion in 2027, up from a projected $869.9 million in 2026, according to a forecast released Oct. 8.
The same day, Oratomic said it has raised $775 million since launching in March 2026. The Wall Street Journal reported that its latest round values the Pasadena, California, startup at $5.4 billion. British startup Universal Quantum announced a Series A of more than $100 million, which it calls the largest Series A ever raised by a UK-headquartered quantum company.
Gartner paired its forecast with a warning that sits awkwardly beside this week's quantum startup funding. By 2030, it expects more than half of quantum computing startups to go out of business as commercial revenue runs short.
How Does the Funding Compare With the Market Forecast?
Funding supports development and expansion, while annual revenue measures customer payments. Valuation reflects the value assigned to a company in a financing round. The figures below illustrate the scale of investment, but they measure different things.
| Figure | Amount | Source |
| Global market forecast, 2026 | $869.9 million | Gartner |
| Global market forecast, 2027 | $1.1 billion | Gartner |
| Oratomic total raised since March 2026 | $775 million | Oratomic |
| Oratomic valuation after latest round | $5.4 billion | The Wall Street Journal; corroborated by Oratomic’s legal adviser, Wilson Sonsini |
| Universal Quantum Series A | More than $100 million | Universal Quantum |
Oratomic builds on neutral atoms and says it focuses exclusively on fault-tolerant quantum computing. Universal Quantum links small trapped-ion chips, one of several competing qubit architectures. The funding will also support a Singapore research center and expansion in the US, Japan, and Hamburg, Germany.
Financial-Sector Spending Could Overtake Government Spending
Gartner expects the buyer mix to shift before the decade ends:
• Public sector: Leads all industries through 2027, rising from $219 million in 2026 to $245 million in 2027.
• Banking, finance, and insurance: Overtakes the public sector in 2028, spending $289 million against $280 million, and stays ahead through 2030.
• Use cases: Portfolio optimization, risk modeling, and fraud detection are the applications Gartner names for financial firms.
• Buyer posture: Gaurav Gupta, a vice president analyst at Gartner, said CIOs and IT leaders should treat quantum “as a multiyear endeavour.”
Public money already reaches vendors through programs such as the up to $300 million in US awards across three quantum architectures announced in September.
What eWeek Found: Funding Does Not Establish Commercial Readiness
The most telling number is 89%. Oratomic's $775 million equals about 89% of the revenue Gartner expects the entire market to generate in 2026, by eWeek's calculation. The comparison illustrates the scale of Oratomic’s financing, but does not establish its market share or justify its valuation.
Dolev Bluvstein, Oratomic’s CEO and co-founder, told The Wall Street Journal he expects its computer to be ready by 2030. That is the company’s projected timeline, rather than a demonstrated delivery milestone.
Market size also depends on who is counting. Gartner's 22.9% growth rate implies about $708 million in quantum computing revenue for 2025. The Quantum Insider estimates vendors earned about $1.79 billion that year. The estimates differ by roughly 2.5 times, but their coverage and methodologies would need to be aligned before treating them as directly comparable. Readers should check what each estimate includes before using it to assess commercial demand.
Gartner’s shakeout forecast links startup survival to commercial revenue and progress toward fault-tolerant quantum computing. Its projected 2028 financial-sector spending crossover is one indicator to watch, rather than a deadline proving commercial viability.
Enterprise buyers should assess demonstrated performance, delivery milestones, and support commitments alongside funding announcements. Public backing also carries conditions: the Department of Energy’s competition for error-corrected quantum computers has up to $215 million in planned funding, with funding beyond fiscal 2026 contingent on congressional appropriations.
Read more: The race toward useful quantum systems also depends on engineering progress, as IBM’s modular cooling milestone shows the infrastructure challenges behind fault-tolerant computing.