Zapata Computing (rebranded Zapata AI in 2023, then Zapata Quantum in 2025) is a Boston-based quantum software and industrial generative AI company spun out of Alan Aspuru-Guzik's Harvard lab in 2017. It built Orquestra, a quantum-classical workflow platform for enterprise customers in finance, energy and pharma (BBVA, BP, BASF, Sumitomo Mitsui Trust Bank, DARPA), and later pivoted toward generative AI applications powered by quantum-inspired algorithms. The company went public on Nasdaq in April 2024 via a SPAC merger with Andretti Acquisition Corp. (ticker ZPTA) at a roughly $200M enterprise value, but the deal delivered far less cash than expected. The stock collapsed within months, and on October 7, 2024 the board approved a wind-down, terminating most staff after defaulting on a Forward Purchase Agreement with Sandia Investment Management. Nasdaq moved to delist the shares, and trading was suspended on October 25, 2024. The entity later filed for bankruptcy; in September 2025 it reemerged as Zapata Quantum after a two-phase restructuring that converted >$10M of debt to equity, retained its 50+ patent portfolio, and brought in new investors led by Triatomic Capital. A $15M strategic financing closed in April 2026.
Zapata Computing is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2017
Employees
11–50
Total Funding
$66.7M
5 rounds
Latest Valuation
$0.2B
March 28, 2024
Total raised $66.7M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
SPAC / Reverse merger
Date
March 28, 2024
Amount
—
Valuation
$0.2B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| March 28, 2024 | SPAC / Reverse merger | — | $0.2B | Andretti Acquisition Corp. |
| March 28, 2024 | Post-SPAC notes / ELOC | $2.3M | — | Senior Secured Promissory Note holders, Sandia Investment Management LP |
| November 19, 2020 | Series B | $38M | — | Comcast Ventures, Pitango, Prelude Ventures |
Christopher Savoie
Co-Founder & former CEO (resigned October 7, 2024)
Alan Aspuru-Guzik
Co-Founder & Scientific Advisor
Yudong Cao
Co-Founder & former CTO
Jhonathan Romero Fontalvo
Co-Founder
Peter Johnson
Co-Founder
Jonathan Olson
Co-Founder
Sumit Kapur
Former CFO; appointed CEO October 2024 during wind-down
Competitor list is illustrative and may be incomplete, stale, or erroneous.
IonQ
Publicly traded (NYSE:IONQ) trapped-ion quantum computing company offering cloud-accessible quantum systems and quantum AI / machine learning research; a direct hardware-led peer in the same enterprise quantum software market.
Rigetti Computing
Publicly traded (NASDAQ:RGTI) superconducting-qubit quantum computing company providing cloud quantum hardware and a hybrid quantum-classical software stack, competing in quantum machine learning workloads.
Quantinuum
Honeywell-backed quantum computing company combining trapped-ion hardware (formerly Honeywell Quantum) with Cambridge Quantum software; its InQuanto chemistry platform and quantum NLP work compete directly with Zapata's enterprise software.
SandboxAQ
Alphabet spinout building large quantitative models combining AI and quantum techniques for cybersecurity, drug discovery, materials and navigation; the closest commercial peer for Zapata's quantum-inspired enterprise AI thesis.
QC Ware
Quantum software startup focused on enterprise quantum algorithms for finance, chemistry and ML; historically the most direct head-to-head competitor for Zapata's Orquestra platform.
Classiq Technologies
Israeli quantum software company providing a high-level synthesis platform for designing quantum algorithms; competes for the same enterprise quantum software developer spend Zapata targeted.
Zapata went public on April 1, 2024 via a SPAC merger with Andretti Acquisition Corp. on Nasdaq (ticker ZPTA), at an enterprise value of roughly $200M. The deal delivered very little cash due to heavy SPAC redemptions, and the stock collapsed within months. On October 7-8, 2024 the board approved a wind-down after defaulting on a Forward Purchase Agreement with Sandia Investment Management. Nasdaq notified the company of delisting on October 16, 2024 and suspended trading on October 25, 2024. The public entity subsequently filed for bankruptcy and emerged in September 2025 as Zapata Quantum following a restructuring; it is no longer a Nasdaq-listed company as of May 2026.
Zapata Computing shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Zapata Computing had a valuation of approximately $0.2B at the time of its public offering. Current market capitalization fluctuates with the share price.
Zapata Computing raised $66.7M across 5 disclosed funding rounds prior to its public listing.
Zapata Computing was co-founded by Christopher Savoie, Alan Aspuru-Guzik, Yudong Cao, and 3 others in 2017.
Zapata Computing is headquartered in Boston, MA, USA.
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.