When was Snowcap Compute founded?

Snowcap Compute was founded in 2024 and raised its 1st funding round 1 year after it was founded.

Where is Snowcap Compute located?

Snowcap Compute is headquartered in Palo Alto, United States.

Is Snowcap Compute a funded company?

Snowcap Compute is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jun 23, 2025.

When was the latest funding round of Snowcap Compute?

Snowcap Compute's latest funding was a $***** Seed round on Jun 23, 2025, with participation from 3 investors. Its primary sector is Quantum Computing. In United States, the Quantum Computing sector has seen $107M in funding in 2026 to date.

Where does Snowcap Compute rank among its competitors?

Snowcap Compute ranks 10th amongst 15 active competitors, of which 10 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Bose Quantum, which secured an undisclosed amount in Oct, 2025.

Who are the top competitors of Snowcap Compute?

Snowcap Compute's top competitors include Rigetti Computing, Oxford Ionics and Quantum Circuits. Among them, Bose Quantum secured the most recent funding round in October, 2025.

Snowcap Compute - 2026 Company Profile, Team, Funding & Competitors

Snowcap Compute is a seed company based in Palo Alto (United States), founded in 2024 by Cameron R and Rick Hyman. It operates as a Developer of a superconducting computing platform utilizing cryogenic cooling technology. Snowcap Compute has raised $23M in funding from Playground Global. The company has 15 active competitors, including 10 funded and 3 that have exited. Its top competitors include companies like Rigetti Computing, Oxford Ionics and Quantum Circuits.

Company Details

Developer of a superconducting computing platform utilizing cryogenic cooling technology. The platform uses superconducting Josephson Junctions, offering significant energy efficiency compared to semiconductor transistors. It is built on helium-based cryogenic infrastructure and compatible with existing semiconductor processes. The platform aims to address the increasing demands of AI and HPC workloads. It provides a foundation for partners to integrate their digital designs.

Key Metrics

Founded Year

2024

Location

Palo Alto, United States

Stage

Seed

Total Funding

$23M in 1 round

Latest Funding Round

Seed, Jun 23, 2025, $*****

Investors

Playground Global & 2 more

Ranked

10^th among 15 active competitors

Similar Companies

Oxford Ionics & 11 more

View Snowcap Compute's full profile

Snowcap Compute has raised a total funding of $23M over 1 round. Its latest funding round was a Seed round on Jun 23, 2025 for $*****. 3 investors participated in its latest round. Snowcap Compute has 3 institutional investors.

Here is the list of recent funding rounds of Snowcap Compute:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 23, 2025	3075935	Seed	1626988	6555051	4521658	1645529

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View details of Snowcap Compute's funding rounds and investors

The founders of Snowcap Compute are Cameron R and Rick Hyman.

Here are the details of Snowcap Compute's key team members:

Cameron R: Co-Founder of Snowcap Compute.
Contact Info: 1 email address
Rick Hyman: Co-Founder & Member Board of Directors of Snowcap Compute.

View details of Snowcap Compute's Founder profiles and Board Members

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Top competitors of Snowcap Compute include Rigetti Computing, Oxford Ionics and Quantum Circuits. Here is the list of Top 10 competitors of Snowcap Compute, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Rigetti Computing 2013, Berkeley (United States), Public	Developer of an AI-powered full-stack quantum computing solution based on superconducting qubits	$198M	Andreessen Horowitz, Vy Capital & 49 others	66/100
2nd	Oxford Ionics 2019, Oxford (United Kingdom), Acquired	Provider of quantum computers	$48.4M	Oxford Science Enterprises, Braavos & 9 others	66/100
3rd	Quantum Circuits 2015, New Haven (United States), Acquired	Develops quantum computers using superconducting quantum circuits	$105M	Sequoia Capital, Hither Creek & 9 others	60/100
4th	Atlantic Quantum 2022, Cambridge (United States), Seed	Developer of quantum computers for computations and processing information	$9M	Engine Ventures, Glasswing Ventures & 6 others	60/100
5th	Alice&Bob 2020, Paris (France), Series B	Manufacturer of superconducting qubit-based universal quantum computers	$138M	Bpifrance, Elaia & 8 others	58/100
6th	Oqc Tech 2017, Reading (United Kingdom), Series B	Provider of quantum computing systems and cloud access for enterprise use	$100M	SBI Investment, Chevron & 6 others	58/100
7th	Quantum Circuits Limited 2007, Reading (United Kingdom), Series A	Developer of a quantum computer based on superconducting qubits	$50.2M	Parkwalk, Lansdowne Partners & 10 others	56/100
8th	Nord Quantique 2020, Sherbrooke (Canada), Seed	Manufacturer of superconducting qubits	$7.47M	Quantonation, BDC & 2 others	48/100
9th	Bose Quantum 2021, Chaoyang (China), Series A	Developer of AI-based universal hybrid quantum computers	-	Huameng Science Technology, qfcapital.com.cn ... & 11 others	48/100
10th	Snowcap Compute 2024, Palo Alto (United States), Seed	Developer of a superconducting computing platform utilizing cryogenic cooling technology	$23M	Playground Global, Cambium Capital Partners ... & 1 others	35/100