Guest Post By Utkarsh Ahuja, Managing Partner and founder Moon Pursuit Capital
KPMG’s latest Venture Pulse gives you a pretty good sense of where venture capital’s attention is right now. Global VC investment reached $227.4 billion in the second quarter of 2026, making it the second-highest quarter on record, and AI was behind many of the largest financings, including Anthropic’s $65 billion raise and Project Prometheus’ $12 billion round.
I understand the concentration because, as an investor, I have rarely seen a technology move from experimentation into genuine commercial use as quickly as AI has, but periods like this also tend to create blind spots because so much capital and attention ends up chasing what is immediately visible. One area I think deserves more attention is what happens to the security infrastructure underneath the digital economy as quantum computing advances, particularly in financial systems where upgrading security is far more complicated than downloading a software update.
A few years ago, I would have understood an investor looking at quantum security and deciding it was simply too early. Nobody could tell you when a cryptographically relevant quantum computer would arrive, there was enormous disagreement around timelines, and it was difficult to separate problems that needed solving today from problems that might remain theoretical for another decade.
