Quantum Computing News: Horizon Scores $110 Million, Pasqal Expands Cloud Access, and Teleportation Test Breaks New Ground

Welcome to the Monday edition of quantum computing news. In this issue, we cover new price tiers for quantum systems, Horizon’s latest funding, Pasqal’s cloud launch in Europe, a key teleportation test in Rome, and a fresh U.S. chip deal from SEALSQ. Let’s take a closer look.

Quantum Costs Stay High, but Access is Widening

We start with pricing. Quantum computers still sit in the high-cost zone. Full systems for labs or firms can range from a few million dollars to well above $50 million when build-outs and tools are included.

Most users, though, do not buy. They rent. Cloud access now lets users run jobs by the hour or by the shot. Rates vary by hardware. Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOGL) offer this service. On Amazon Web Services, one run on Rigetti (RGTI) gear can cost as little as $0.0009 per shot. A task on Pasqal tools can cost close to $300 per hour. Quantinuum’s top-tier plan starts at $135,000 per month.

Rates reflect the type of gear. Superconducting tools need cold chambers and wave tools. Neutral atoms need lasers and optics. Each stack brings its own costs.

Horizon Quantum Gains $110 Million in New Funds

Next, we look at Horizon Quantum Computing. The firm has raised $110 million ahead of its planned merger with dMY Squared, a SPAC. The round was backed by IonQ (IONQ) and a Fortune 50 tech firm.

The deal will help Horizon scale up its site in Singapore and boost work on Triple Alpha, a code tool that runs across hardware types. If the merger closes as planned in early 2026, Horizon expects to access $137 million in total cash. This marks a key step for the firm’s push to lower the bar for users who want to build real-world quantum apps. It also shows strong support from top firms that want more open tools in the field.

Pasqal Expands Cloud Access with Scaleway

We turn now to Europe. Pasqal has joined a new plan with cloud host Scaleway. The goal is to bring neutral-atom quantum tools to more users through cloud access.

Pasqal’s gear now runs live on ai-PULSE, a quantum platform built for schools, labs, and firms. The firm also backs Pulser, its open-source tool that lets users write code that controls laser tasks at the pulse level. This move builds on Pasqal’s launch with OVHcloud in late 2025. Both efforts aim to give European teams a path to explore quantum use cases while keeping full control of their data.

Rome Lab Tests Key Step for Quantum Internet

In Rome, a team from Sapienza University and Paderborn University has pulled off a new feat. They have used light to teleport quantum states between two different sources.

The test was done with quantum dots, which are small bits that can emit light in set ways. These two dots were not the same, but the team still managed to link them together. This type of link is called quantum teleportation. The key was to fine-tune each dot so its light matched, then use fast detectors to sync the data. They also ran the link over a real-world setup, with fiber lines and a 270-meter open-air gap across campus.

This step brings labs closer to building a full-scale quantum relay. That type of tool could one day help form a true quantum web.

SEALSQ Makes First U.S. Quantum Chip Bet

We close with a U.S. chip deal. SEALSQ (LAES) has made a new bet on quantum hardware. The firm has backed EeroQ, a startup that builds quantum chips with trapped electrons on superfluid helium.

This chip type is known for its small size and its match with CMOS, the tech used in most standard chips today. EeroQ runs its main lab in Chicago and plans to use this round to scale up. The deal fits into SEALSQ’s push to fund up to $35 million in U.S. quantum firms. The firm wants to mix its chip base with new tools that meet future secure needs in the U.S.

We used TipRanks’ Comparison Tool to line up all the quantum stocks mentioned in the piece. It’s a quick way to see how they stack up and where the field could be heading.