Quantum startup Oratomic raised a $475 million Series B round at a $5.4 billion valuation, according to the Wall Street Journal, a sharp jump from the $1.5 billion valuation it held after a $300 million Series A in July. The two rounds together bring Oratomic's total funding to $775 million.
The round lands in the same week as several other large deep-tech raises, including a $100 million-plus Series A for UK quantum computing company Universal Quantum and more than $500 million for Butterfly Effect, the parent company of AI agent developer Manus. Together the deals suggest investors are still willing to write big cheques for frontier computing and AI, even as questions grow about how quickly those businesses can turn a profit.
Oratomic's valuation jumps from $1.5B to $5.4B
Oratomic's rise from a $1.5 billion valuation in July to $5.4 billion now is one of the fastest re-ratings seen in the quantum sector this year. The Series B alone is larger than many quantum companies have raised across their entire lifetime.
The company has not disclosed how it plans to spend the new capital. The scale of the round, however, points to the cost of building quantum hardware and the long timelines involved before commercial products reach the market.
Quantum computing remains a research-heavy field where progress is measured in qubits, error rates and stability rather than shipping products. That makes the size of Oratomic's raise notable: investors are backing a technology whose commercial payoff is still years away.
Universal Quantum and Butterfly Effect also raise
UK-based Universal Quantum closed a Series A of more than $100 million led by DCVC and Firgun Ventures, according to Bloomberg. The company said the money will expand its research hubs in Germany and Singapore.
The week's largest raise outside quantum came from Butterfly Effect, Manus' parent company, which brought in over $500 million led by Boyu Capital and IDG Capital, with follow-on investment from Tencent, HSG and ZhenFund, CNBC reported. It is Manus' first funding round since Beijing forced Meta to unwind its roughly $2 billion acquisition of the company.
