Upcoming Event
Free Newsletter
Atom Computing secures intent for $100m federal quantum investment in Boulder
ColoradoBiz Staff //May 26, 2026//
Deposit Photos
Deposit Photos
Atom Computing secures intent for $100m federal quantum investment in Boulder
ColoradoBiz Staff //May 26, 2026//
In Brief:
- Atom Computing signs letter of intent with U.S. Department of Commerce
- Proposed $100 million federal funding for quantum computing development
- Funding to accelerate fault-tolerant quantum systems and engineering
- Secretary Howard Lutnick highlights job creation and U.S. quantum leadership
BOULDER, Colo. — Atom Computing announced it has signed a letter of intent with the U.S. Department of Commerce that could provide the Boulder-based company with $100 million to support development of large-scale quantum computing systems.
The proposed funding is intended to accelerate Atom Computing’s efforts to develop fault-tolerant quantum computing systems and expand engineering capabilities as the United States increases investments in quantum technology.
Atom Computing develops quantum systems based on optically trapped neutral atoms and is currently installing what it says is the first commercial quantum computer using logical qubits. The company also participated in Stage A of the Defense Advanced Research Projects Agency’s Quantum Benchmarking Initiative and is now participating in Stage B.
“This investment will allow us to move faster and strengthens the United States’ leadership in quantum computing,” founder and CEO Ben Bloom said. “With this support, we will be accelerating key engineering advances needed to deliver full-scale quantum systems powered by our neutral-atom technology.”
According to the company, the planned investment would support in-house component development, expand parallel testing systems and enable additional work with supply chain partners.
Secretary of Commerce Howard Lutnick said the investment reflects federal efforts to expand domestic quantum technology development.
“These strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities,” Lutnick said.
The proposed federal support would add to existing investments from Atom Computing’s institutional and early-stage investors.
t
