About QxBranch
QxBranch is a company based in Bethesda (United States) founded in 2014 by Paul Guthrie and Shaun Wilson was acquired by Rigetti Computing in July 2019.. QxBranch has raised $9.65 million across 2 funding rounds from investors including Rigetti Computing, WorldQuant Ventures and Maryland Venture Fund. The company has 7 employees as of December 31, 2022. QxBranch operates in a competitive market with competitors including Quantum Delta, Qbit Labs, QuantaMap, Quantum Catalyzer and Entanglement Partners, among others.
- Headquarter Bethesda, United States
- Employees 7 as on 31 Dec, 2022
- Founders Paul Guthrie, Shaun Wilson
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Qxbranch
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.65 M (USD)
in 2 rounds
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Latest Funding Round
$4.1 M (USD), Series A
Jun 28, 2018
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Investors
Rigetti Computing
& 4 more
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Employee Count
7
as on Dec 31, 2022
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Acquired by
Rigetti Computing
(Jul 11, 2019)
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Funding Insights of QxBranch
QxBranch has successfully raised a total of $9.65M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.1 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.1M
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First Round
First Round
(06 Apr 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series A - QxBranch | Valuation | AIC , Integra Partners | |
| Apr, 2018 | Amount | Series A - QxBranch | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in QxBranch
QxBranch has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Rigetti Computing, WorldQuant Ventures and Maryland Venture Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund and fund of funds focused on the United States-based startups and funds
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Founded Year | Domain | Location | |
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Early-stage investments are made in US companies across health sectors.
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Founded Year | Domain | Location | |
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AI-first companies are supported through venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by QxBranch
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - QxBranch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Qxbranch Comparisons
Competitors of QxBranch
QxBranch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quantum Delta, Qbit Labs, QuantaMap, Quantum Catalyzer and Entanglement Partners, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Support ecosystem for quantum technology development is provided.
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| domain | founded_year | HQ Location |
Research laboratory services for quantum computing and AI are offered.
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| domain | founded_year | HQ Location |
Develops tools for quantum chip metrology and defect inspection.
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| domain | founded_year | HQ Location |
IT service solutions and consulting for quantum computing are developed.
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| domain | founded_year | HQ Location |
Consulting services for quantum technology deployment are provided to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about QxBranch
When was QxBranch founded?
QxBranch was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is QxBranch located?
QxBranch is headquartered in Bethesda, United States. It is registered at Bethesda, Maryland, United States.
Is QxBranch a funded company?
QxBranch is a funded company, having raised a total of $9.65M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5.55M, raised on Apr 06, 2018.
How many employees does QxBranch have?
As of Dec 31, 2022, the latest employee count at QxBranch is 7.
What does QxBranch do?
QxBranch was founded in 2014 and is based in Bethesda, United States. Operations focus on the quantum computing and data analytics sector. Services include strategy and consultancy for quantum solutions, along with design and implementation of related software. Predictive analytics are provided in areas such as risk assessment, threat intelligence, and customer behavior analysis.
Who are the top competitors of QxBranch?
QxBranch's top competitors include Quantum Delta, Qbit Labs and Quantum Catalyzer.
Who are QxBranch's investors?
QxBranch has 5 investors. Key investors include Rigetti Computing, WorldQuant Ventures, Maryland Venture Fund, AICapital, and Integra Partners.