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Sector

Quantum Computing · Sector

Grade
G4Adequate
Outlook
Developing
Confidence
Low
Score
46/100
VCHedge
Rating rationale

Optionality, not cash flow — pre-revenue and milestone-driven. India leads on design/algorithms and QKD, lags on hardware. Listed pure-plays are US-listed and speculative; size as a venture bet.

Factor scorecard
Demand Outlook68/100 · Emerging
Competition (global)40/100 · US/China-led
Capital Intensity28/100 · Very High
Risk-Adjusted Return46/100 · Venture / asymmetric
Rating history
Jun 2026InitiatedInaugural G4 (Adequate), outlook Developing.

Point-in-time — grades are reviewed each cycle; every change publishes as a dated action. Snapshot 22 June 2026.

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