Semiconductor materials startup Discovered Materials disclosed a $9 million seed funding round on 20 October 2026. The round was led by Lightspeed, with participation from Y Combinator, Peak XV, and angel investors Paul Graham, Gokul Rajaram and Thariq Shihipar.

Espoo-based quantum hardware company Coherence Quantum also disclosed a €2.78 million seed round the same date. Funding will go to development of cryogenic infrastructure surrounding solid-state quantum processors.

It appears early stage capital this week is targeting supporting infrastructure for next generation compute, rather than end processor designs.