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Enterprise Photonic Quantum Computing Platforms sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Enterprise Photonic Quantum Computing Platforms

1.1 - About Enterprise Photonic Quantum Computing Platforms sector

Companies in this category design and deliver photonics-based quantum computers, offered as cloud services and deployable systems. They combine quantum processing units with software toolchains to let customers prototype algorithms for simulation, optimization, and machine learning. Enterprise Photonic Quantum Computing Platforms provide lower thermal and footprint requirements and scalable architectures, enabling enterprises to assess quantum advantage, integrate with existing workflows, and plan migration paths toward fault-tolerant computing.

These vendors build photonic quantum processing units on integrated photonic chips and single‑photon sources, accessible through cloud quantum‑as‑a‑service endpoints and on‑prem appliances. They offer quantum SDKs and APIs, circuit compilers and optimization toolchains, simulators and emulators for benchmarking, and control systems for calibration and error mitigation. Many add workflow orchestration, classical co‑processing, and integrations with major cloud marketplaces to support enterprise pilots and scaled workloads.

Primary customers include enterprise R&D groups in materials and life sciences, financial services modeling teams, and government or academic research labs. Outcomes include accelerated chemistry and materials simulation, improved combinatorial optimization performance, reduced time‑to‑prototype through hosted access, and clearer roadmaps to fault‑tolerant architectures via error‑mitigation research. Systems integrators and cloud providers also engage to expand quantum services portfolios and evaluate strategic buyers in photonic quantum computing.

2. Buyers in the Enterprise Photonic Quantum Computing Platforms sector

2.1 Top strategic acquirers of Enterprise Photonic Quantum Computing Platforms companies

Rigetti Computing Logo

Rigetti Computing

HQ: United States Website
  • Description: Provider of superconducting quantum computing hardware and cloud services, delivering multi-chip gate-based processors and quantum algorithms via Rigetti Quantum Cloud Services to help customers tackle complex challenges across healthcare, energy, finance and other data-intensive sectors.
  • Key Products:
  • Rigetti Quantum Systems on Azure Quantum: Enables users to run quantum code on Rigetti hardware via Microsoft’s Azure Quantum cloud service, integrating cutting-edge quantum technologies within a single cloud interface for streamlined development and execution
  • Rigetti Quantum Systems on Amazon Braket: Provides fully managed AWS environment where customers can explore, design, and execute quantum algorithms directly on Rigetti quantum processing units, accelerating research and prototyping
  • Rigetti Quantum Systems on Strangeworks QC/EQ: Offers free collaborative development (QC) and enterprise-grade (EQ) platforms with granular security
  • IP protection, resource aggregation, custom integrations, and dedicated support, granting secure access to Rigetti machines for enterprise quantum initiatives
  • Rigetti Applications Library: Curated collection of platforms, tools, and research applications powered by Rigetti systems, giving users practical methods, algorithms, and hybrid techniques to verify quantum properties, optimize circuits, and advance domain-specific use cases.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Enterprise Photonic Quantum Computing Platforms sector

M&A buyer group 1: Quantum Computing

18 companies View group →
Description: Companies in the Enterprise Quantum Computing Platforms category design and deliver access to quantum processors and software stacks through cloud services and managed programs. Strategic buyers in quantum computing enable customers to develop, test, and run quantum circuits and hybrid workloads for optimization, simulation, and machine learning. Offerings typically include hardware access, toolchains, and advisory support to de-risk adoption and demonstrate performance gains over classical approaches.
IonQ

IonQ

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of trapped-ion quantum computing systems and software, offering the IonQ Quantum OS, Hybrid Services suite and cloud-accessible quantum processors that reduce classical overhead, improve error mitigation and enable enterprises to run high-performance quantum workloads for complex commercial and research applications.
  • Key Products:
  • IonQ Quantum OS: Modular quantum operating system that cuts on-system classical overhead by 50%, lowers cloud/network latency by 85%, offers up to 100× better error mitigation and automates calibration for enhanced algorithm accuracy
  • IonQ Hybrid Services Suite: Cloud platform that connects IonQ quantum computers with high-performance classical resources, speeding development and deployment of hybrid quantum workloads for enterprise users
  • Workload Management & Solver Service: Developer toolkit that packages quantum functions and iterative algorithms into portable workloads, automating circuit building and cloud execution for efficient hybrid problem solving
  • Sessions Scheduling Feature: Fair-Share based scheduler that provisions QPU time with minimal waits, enabling iterative, resource-intensive workflows and supporting Amazon Braket Hybrid Jobs and Azure Quantum Sessions.
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Enterprise Photonic Quantum Computing Platforms sector

3.1 - Buyout funds in the Enterprise Photonic Quantum Computing Platforms sector

Buyout Funds investing in Enterprise Photonic Quantum Computing Platforms companies

51+ funds
Description: Buyout funds focused on Enterprise Photonic Quantum Computing Platforms companies globally.

TPG

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Enterprise Photonic Quantum Computing Platforms
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Enterprise Photonic Quantum Computing Platforms sector

Growth Equity Funds in Enterprise Photonic Quantum Computing Platforms companies

41+ funds
Description: Growth equity funds focused on Enterprise Photonic Quantum Computing Platforms companies globally.

Summit Partners

Website HQ: United States
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Enterprise Photonic Quantum Computing Platforms
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Enterprise Photonic Quantum Computing Platforms companies

4.2 - Public trading comparable groups for Enterprise Photonic Quantum Computing Platforms sector

Description: Public companies in this group deliver cloud infrastructure and managed services that power enterprise and internet-scale workloads. Business models span IaaS/PaaS platforms, edge delivery and security, web hosting and domains, and outsourced cloud operations. They are comparable because revenue is predominantly recurring and consumption-based, tied to compute, storage, and network utilization, managed service contracts, and software subscriptions supporting digital transformation and workload modernization.
Microsoft logo

Microsoft

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of software, services, devices, and solutions including operating systems, productivity software, enterprise applications, server products, cloud services, and gaming systems to enhance productivity, facilitate communication, and enable digital transformation for personal and business use.
  • Key Products:
  • Windows: Operating system for personal computers and workstations
  • Office 365: Subscription-based productivity suite including Word, Excel, PowerPoint, and Outlook
  • Azure: Cloud computing platform offering virtual machines, databases, and storage solutions
  • Xbox: Gaming console with access to various video games and entertainment content
  • Dynamics 365: Enterprise resource planning and customer relationship management applications.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Enterprise Photonic Quantum Computing Platforms sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Enterprise Photonic Quantum Computing Platforms sector

Who are the top strategic acquirers of Enterprise Photonic Quantum Computing Platforms companies?

Top strategic buyers in this sector include Rigetti Computing, a provider of superconducting quantum computing hardware and cloud services, delivering multi-chip gate-based processors and quantum algorithms via rigetti quantum cloud services to help customers tackle complex challenges across healthcare, energy, finance and other data-intensive sectors. .

Which buyer groups are most relevant for Enterprise Photonic Quantum Computing Platforms companies?

Relevant strategic buyer groups similar to the Enterprise Photonic Quantum Computing Platforms sector include Quantum Computing because they share similar customer segments and product capabilities.

Financial Investors in Enterprise Photonic Quantum Computing Platforms sector

Which are the top PE firms investing in Enterprise Photonic Quantum Computing Platforms companies?

Potential investors in the broader Enterprise Photonic Quantum Computing Platforms space include Summit Partners and TPG.

Who are the top buyout funds acquiring Enterprise Photonic Quantum Computing Platforms companies?

Active PE funds and buyout funds acquiring companies in the Enterprise Photonic Quantum Computing Platforms space include TPG.

Who are the top growth equity funds investing in Enterprise Photonic Quantum Computing Platforms companies?

Growth funds investing in the broader Enterprise Photonic Quantum Computing Platforms sector include Summit Partners.

Valuation of Companies in Enterprise Photonic Quantum Computing Platforms sector

Which are the key public companies that are relevant trading comps for Enterprise Photonic Quantum Computing Platforms companies?

Key trading comparable groups include Microsoft, a provider of software, services, devices, and solutions including operating systems, productivity software, enterprise applications, server products, cloud services, and gaming systems to enhance productivity, facilitate communication, and enable digital transformation for personal and business use..

Which are the key trading comparable groups for Enterprise Photonic Quantum Computing Platforms companies?

Similar trading comparable companies include Cloud Infrastructure and Managed Services Companies. Our platform tracks detailed trading comparable groups in the Enterprise Photonic Quantum Computing Platforms sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Enterprise Photonic Quantum Computing Platforms sector?

Our platform tracks M&A transactions in the Enterprise Photonic Quantum Computing Platforms sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Enterprise Photonic Quantum Computing Platforms?

Access recent funding rounds in the Enterprise Photonic Quantum Computing Platforms sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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