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Zapata Quantum

Originally founded by Harvard researchers, Zapata went public via SPAC in 2024 but ceased operations in late 2024 after defaulting on financing obligations. The company reemerged as Zapata Quantum in 2025 under new leadership, completing bridge financing and converting debt to equity. It retains 50+ patents and IP, and maintains a role in DARPA's Quantum Benchmarking Initiative. A cautionary tale in quantum SPAC valuations, but the IP and team rebuilt around cryptography and defense applications.

Country
United States
Founded
2017
Stage
Restructured

Funding

Restructured
Total Raised
$70M+ (pre-restructuring)
Last Valuation
Undisclosed
Employees
20
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