Quantum Computing Breakthroughs: Horizon Raises $110M, Pasqal Expands Cloud Access, and Teleportation Test Achieves New Milestone

Quantum Computing News: New Price Tiers, Funding, and Breakthroughs

Welcome to the latest edition of quantum computing news. This week, we’re covering a range of developments that are shaping the future of this cutting-edge field. From new pricing models to major funding rounds and groundbreaking experiments, there’s a lot to unpack.

Quantum Costs Stay High, but Access is Widening

Quantum computers remain some of the most expensive technologies in the world. Full systems for labs or companies can cost anywhere from a few million dollars to over $50 million when factoring in build-outs and additional tools. However, the trend is shifting toward more accessible options.

Most users don’t buy quantum systems outright; instead, they rent them through cloud platforms. This model allows users to run tasks by the hour or by the shot, making it more affordable for smaller teams and researchers. Major players like Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOGL) offer these services. For example, a single run on Rigetti (RGTI) hardware via Amazon Web Services can cost as little as $0.0009 per shot. In contrast, tasks on Pasqal tools can reach up to $300 per hour, while Quantinuum’s top-tier plan starts at $135,000 per month.

The costs vary depending on the type of hardware used. Superconducting systems require cold chambers and wave tools, while neutral-atom systems rely on lasers and optics. Each approach comes with its own set of challenges and expenses.

Horizon Quantum Gains $110 Million in New Funds

One of the most notable developments this week is the $110 million funding round for Horizon Quantum Computing. The company has raised this amount ahead of its planned merger with dMY Squared, a SPAC. The investment was led by IonQ (IONQ) and a Fortune 500 tech firm.

This funding will help Horizon expand its operations in Singapore and accelerate development on Triple Alpha, a code tool designed to work across different types of quantum hardware. If the merger closes as planned in early 2026, Horizon expects to have access to $137 million in total cash. This move marks a significant step in the company’s mission to make quantum applications more accessible and highlights strong support from industry leaders.

Pasqal Expands Cloud Access with Scaleway

In Europe, Pasqal has taken a major step forward by partnering with cloud host Scaleway. This collaboration aims to bring neutral-atom quantum tools to a broader audience through cloud-based access.

Pasqal’s technology now runs live on ai-PULSE, a quantum platform tailored for schools, laboratories, and businesses. The company also supports Pulser, an open-source tool that allows users to write code controlling laser tasks at the pulse level. This expansion builds on Pasqal’s earlier partnership with OVHcloud in late 2025, both efforts aimed at providing European teams with the ability to explore quantum use cases while maintaining full control over their data.

Rome Lab Tests Key Step for Quantum Internet

A team from Sapienza University and Paderborn University has made a breakthrough in Rome by successfully teleporting quantum states between two different sources using light. The experiment involved quantum dots—small particles that emit light in controlled ways. Although the two dots were not identical, the team managed to link them together using a process known as quantum teleportation.

The key to the success was fine-tuning each dot so that their light matched, followed by the use of fast detectors to synchronize the data. The test was conducted in a real-world setup, including fiber lines and a 270-meter open-air gap across campus. This achievement brings labs closer to building a full-scale quantum relay, which could one day form the basis of a true quantum internet.

SEALSQ Makes First U.S. Quantum Chip Bet

Finally, we turn to the U.S., where SEALSQ (LAES) has made a strategic investment in EeroQ, a startup focused on building quantum chips using trapped electrons on superfluid helium. These chips are known for their compact size and compatibility with CMOS technology, the standard used in most modern chips.

EeroQ operates its main lab in Chicago and plans to use the funding to scale up its operations. This deal aligns with SEALSQ’s broader strategy to invest up to $35 million in U.S.-based quantum firms. The goal is to integrate chip technology with new tools that meet future security needs in the country.