Novo Holdings Highlights Investment Gap in Quantum Applications

A report by Novo Holdings reveals that 70% of the $13.9 billion in private quantum investment from 2014 to 2025 was directed toward hardware and components, leaving business applications underfunded. As of September 2, 2026, private funding for quantum companies reached $4.797 billion, surpassing the 2025 total of $4.706 billion. Analysts emphasize that future commercial success depends on specialized algorithms and services, urging developers to focus on proprietary data and integration to build sustainable business models beyond hardware development.