VCs make record bets on quantum computing PitchBook

Scientists and engineers are still toiling in labs in a race to develop quantum computers that would significantly outperform traditional computers.

But that isn't holding venture capitalists back. They're pouring record-high funding into work on computing power that is still considered years away from being ready.

Investors have invested $1.02 billion into quantum computing companies so far this year. That's more than was funneled into the industry during the previous three years combined, according to PitchBook data.