Quantum Ledger
Vol. III·Sector Directory·Companies
41 names · listed & material private
Boulder · Colorado
updated continuously

The quantum cohort

A screener for the quantum economy — every public ticker and material private actor, ranked by the Ledger Score and read against the same set of editorial questions.

The most useful screener for a pre-revenue sector is the one that lets you sort by conviction, not market cap.

— the editorial premise of this directory

The cohort below is the universe the Ledger watches every weekday. It is curated, not exhaustive: each name is here because it is either publicly listed, materially funded, or carrying a technical claim other operators take seriously. The Ledger Score is a composite — capital, technical milestones, sentiment, policy, talent, patents — and is not a recommendation. Treat the rankings as a starting point, the per-company profile as the actual argument.

Filter by ownership=all, modality=photonic, or change the sort order=score. The directory state lives in the URL — copy the address bar and you've shared the screen.

Most active · today's session

Where the cohort is moving

The screener · 7 of 41 match

Ranked by Ledger conviction

  1. 01
    PsiQuantumPRIVATEPrivate

    Most ambitious bet in the field — utility-scale photonic FTQC with sovereign backing (US + Australia); Brisbane facility online 2027.

    Photonic

    Palo Alto, CA, USA

    n/a
    n/a
    72/100
  2. 02
    XanaduXNDU

    Newly public photonic player (March 2026 SPAC) with Aurora networked photonic system and first on-chip GKP states.

    Photonic

    Toronto, Canada

    $1.5B
    n/a
    50/100
  3. 03
    QuandelaPRIVATEPrivate

    French photonic pure-play with deterministic single-photon sources; "Lucy" 12-qubit computer delivered to CEA TGCC under EuroQCS-France.

    Photonic

    Massy, France

    n/a
    n/a
    47/100
  4. 04
    Quantum SourcePRIVATEPrivate

    Photonic FTQC bet on the ORIGIN deterministic-photon source — designed to avoid PsiQuantum's probabilistic-gate overhead.

    Photonic

    Rehovot, Israel

    n/a
    n/a
    36/100
  5. 05
    Quantum Computing Inc.QUBT

    A $1.4B cash hoard from peak-retail ATM raises looking for a thesis — photonic chip foundry + post-quantum crypto via NuCrypt.

    Photonic

    Hoboken, NJ, USA

    $2.3B
    -10.4%
    29/100
  6. 06
    Quix QuantumPRIVATEPrivate

    Dutch photonic processor company specializing in low-loss silicon-nitride waveguide chips — the highest-performing commercial photonic quantum hardware available off the shelf.

    Photonic

    Enschede, Netherlands

    n/a
    n/a
    0/100
  7. 07
    ORCA ComputingPRIVATEPrivate

    UK photonic company building room-temperature photonic systems for quantum-classical hybrid AI workloads.

    Photonic

    London, UK

    n/a
    n/a
    0/100

A cohort is not an index. We omit names that publish only aspirational roadmaps; we include names with no revenue if a sovereign technical buyer has audited the science.

— directory methodology