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=software, 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
Most-diversified quantum portfolio — neutral atom computer + atomic clocks + sensors; only US-listed neutral-atom pure-play.
A $1.4B cash hoard from peak-retail ATM raises looking for a thesis — photonic chip foundry + post-quantum crypto via NuCrypt.
The only public quantum pure-play crossing $100M revenue; vertically integrating via the $1.8B SkyWater acquisition.
The screener · 6 of 41 match
Ranked by Ledger conviction
- 01SandboxAQPRIVATEPrivate
Alphabet spinoff selling "Large Quantitative Models" for materials/drug discovery/PQC; highest-valued private quantum-adjacent company.
Software / QEC
Palo Alto, CA, USA
n/an/a73/100 - 02RiverlanePRIVATEPrivate
Hardware-agnostic Quantum Error Correction stack (Deltaflow); the picks-and-shovels QEC layer used by >60% of quantum hardware companies.
qec_stack
Cambridge, UK
n/an/a70/100 - 03Multiverse ComputingPRIVATEPrivate
Tensor-network methods pivoted to CompactifAI — highest ARR of any "quantum" company, though the quantum link is now thin.
Software / QEC
San Sebastián, Spain
n/an/a63/100 - 04ClassiqPRIVATEPrivate
High-level quantum algorithm-design platform — the "Microsoft of quantum" with broadest enterprise customer book; AMD/Qualcomm/IonQ strategic investors.
Software / QEC
Tel Aviv, Israel
n/an/a52/100 - 05Zapata QuantumPRIVATEPrivate
Post-bankruptcy revival of the original quantum-software pioneer — needs at least two more quarters of revenue evidence before it's investable.
Software / QEC
Boston, MA, USA
n/an/a27/100 - 06AlgorithmiqPRIVATEPrivate
Most-funded quantum drug discovery software company — pivoting from generic chemistry to clinical pharma partnerships.
Software / QEC
Helsinki, Finland
n/an/a0/100
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