Pre-IPO quantum computing company profile · Founded 2016 · Dublin, Ireland
Company Facts
IPO Status
No IPO announced
Equal1 shares are not available on public exchanges. See below for listed alternatives with similar technology.
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.
| Round | Amount | Date | Key Investors | Valuation |
|---|---|---|---|---|
| Growth round | $60M (EUR 51.5M) | Jan 2026 | Ireland Strategic Investment Fund (lead), Atlantic Bridge, European Innovation Council Fund, Matterwave Ventures, Enterprise Ireland, Elkstone, TNO Ventures | — |
| DTIF government grant | EUR 13.7M | 2025 | Irish Disruptive Technologies Innovation Fund | — |
Archer Materials (AXE.AX) is the closest listed semiconductor-spin comparable. Equal1 is the first quantum computing company headquartered in Ireland.
Related company roadmaps: Official IonQ quantum roadmap · Official Rigetti quantum roadmap
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
Static profile, updated manually · Last updated 2026-07-15 · Sources: Equal1 $60M funding round — Irish Times ↗ · Equal1 unveils RacQ ↗