Quantum Market Cap
← Companies

Equal1

Semiconductor SpinPRIVATE — NO IPO ANNOUNCED

Pre-IPO quantum computing company profile · Founded 2016 · Dublin, Ireland

Company Facts

Founded2016
HeadquartersDublin, Ireland
TechnologySemiconductor Spin quantum computing
Total raised$85M+ (EUR 73M+)

IPO Status

No IPO announced

ExpectedNot announced

Equal1 shares are not available on public exchanges. See below for listed alternatives with similar technology.

What Equal1 Does

Equal1 is Ireland's first quantum computing company, spun out of University College Dublin by Dirk Leipold, Mike Asker and Professor R. Bogdan Staszewski. It builds silicon spin qubits on a "quantum system-on-chip" — integrating qubits, classical Arm processors, an NPU and quantum control electronics onto a single chip fabricated on GlobalFoundries' 22FDX process. Its original product, Bell-1, was a six-qubit, rack-mountable quantum server that ran at 0.3 Kelvin without an external dilution refrigerator. In May 2026 Equal1 unveiled RacQ, the next-generation evolution of Bell-1 and the world's first deployable rack-mounted silicon-spin quantum computer built to live inside a standard 19-inch data center rack.

In January 2026 Equal1 closed a $60 million (€51.5M) funding round led by the Ireland Strategic Investment Fund, with Atlantic Bridge, the European Innovation Council Fund and Enterprise Ireland participating, bringing total disclosed funding above $85 million. It has an NVIDIA collaboration on quantum-classical hybrid computing signed in October 2024, and RacQ is being demonstrated with Dell Technologies for hybrid quantum-classical compute (HQCC) in standard data center racks.

Technology: Silicon spin qubits integrated with classical Arm CPUs and control electronics on a single "quantum system-on-chip," powered by the UnityQ chip and fabricated on GlobalFoundries' 22FDX process; RacQ is a rack-mounted quantum computer operating at 0.3K on ~1.6kW of standard single-phase power, the rack-mounted successor to Bell-1.
Roadmap: Scale RacQ deployments to HPC and enterprise customers — including a Dell Technologies hybrid quantum-classical compute (HQCC) collaboration — and grow qubit count on its integrated UnityQ system-on-chip architecture.

Equal1 Funding History

RoundAmountDateKey InvestorsValuation
Growth round$60M (EUR 51.5M)Jan 2026Ireland Strategic Investment Fund (lead), Atlantic Bridge, European Innovation Council Fund, Matterwave Ventures, Enterprise Ireland, Elkstone, TNO Ventures
DTIF government grantEUR 13.7M2025Irish Disruptive Technologies Innovation Fund

Key Milestones

2016Founded as a University College Dublin spinout by Dirk Leipold, Mike Asker and R. Bogdan Staszewski.
Oct 2024Signs a quantum-classical hybrid computing collaboration with NVIDIA.
2025Secures EUR 13.7M in Irish government DTIF funding.
Jan 2026$60M funding round led by the Ireland Strategic Investment Fund; deploys Bell-1 at the European Space Agency's HPC Centre.
May 2026Unveils RacQ, the rack-mounted successor to Bell-1, and demonstrates it with Dell Technologies for hybrid quantum-classical compute.

How to Get Exposure Today

Archer Materials (AXE.AX) is the closest listed semiconductor-spin comparable. Equal1 is the first quantum computing company headquartered in Ireland.

Equal1 Stock FAQ

Can you buy Equal1 stock?

No. Equal1 is private and has not announced an IPO.

What is RacQ?

Equal1's current flagship product and the rack-mounted successor to Bell-1: a silicon spin-qubit quantum computer built into a standard 19-inch data center rack, running at 0.3 Kelvin on an integrated closed-cycle cryocooler and ~1.6kW of standard single-phase power — no external dilution refrigerator required.

How much has Equal1 raised?

More than $85M (EUR 73M+) disclosed, including a $60M round led by the Ireland Strategic Investment Fund in January 2026 and a EUR 13.7M Irish government DTIF grant in 2025.

More pre-IPO quantum companies

PsiQuantumPhotonic · No IPO announcedPasqalNeutral Atom · SPAC merger announcedQuEra ComputingNeutral Atom · No IPO announcedAlice & BobSuperconducting · No IPO announcedQuandelaPhotonic · No IPO announcedOxford Quantum Circuits (OQC)Superconducting · No IPO announcedplanqcNeutral Atom · No IPO announcedMultiverse ComputingQuantum Software · No IPO announcedTerra QuantumQuantum Software · SPAC merger announcedOrigin QuantumSuperconducting · STAR Market IPO in preparationSpinQ TechnologySuperconducting · IPO targeted within 18 monthsAtom ComputingNeutral Atom · No IPO announcedSandboxAQQuantum Security · No IPO announcedQ-CTRLQuantum Software · No IPO announcedSEEQCSuperconducting · SPAC merger announcedQuantum BrillianceDiamond NV · No IPO announcedClassiqQuantum Software · No IPO announcedRiverlaneQuantum Software · No IPO announcedQuantWareSuperconducting · No IPO announcedPhotonic Inc.Semiconductor Spin · No IPO announcedORCA ComputingPhotonic · No IPO announcedSilicon Quantum ComputingSemiconductor Spin · No IPO announcedeleQtronTrapped-Ion · No IPO announcedUniversal QuantumTrapped-Ion · No IPO announcedQuoblySemiconductor Spin · No IPO announcedNord QuantiqueSuperconducting · No IPO announcedQuantum MachinesControl Systems · No IPO announcedID QuantiqueQuantum Security · Acquired by IonQ — no independent listing plannedQuantum MotionSemiconductor Spin · No IPO announcedQedmaQuantum Software · No IPO announcedQ.ANTPhotonic Compute · No IPO announcedQuantum RoadmapMilestones & fault-tolerance timeline

Static profile, updated manually · Last updated 2026-07-15 · Sources: Equal1 $60M funding round — Irish Times ↗ · Equal1 unveils RacQ ↗