Zapata Computing Holdings Inc. — Cyborg Score 6/10
Solid
Quantum Computing
Strategic Profile
Zapata's hardware-agnostic software platform and track record with Fortune 500 enterprises and DARPA's Quantum Benchmarking program position it strongly in quantum software. The company plans to pursue a return to a national exchange, such as Nasdaq, following recent strategic restructuring efforts to strengthen its balance sheet.
Cyborg Score Rationale
Zapata completed a $3 million convertible bridge financing in September 2025, converted over $10 million of debt to equity, and secured its extensive intellectual property portfolio of more than 50 patents. Phase Two restructuring in November 2025 raised $1.25 million at over 3x the effective price per share of prior fundraising and restructured $8.6 million of debt. Financial stability has improved, but scale and revenue visibility remain limited for OTC-traded quantum/AI software company.
Top Insights
Completed restructuring milestones in September 2025 with $3M financing, debt conversion, and IP portfolio securing
Phase Two restructuring completed in November 2025 raised additional capital and restructured $18.7M total debt
Expanded partnership with D-Wave Quantum in July 2024 to accelerate integrated quantum and generative AI solutions
Participant across all technical areas of DARPA's Quantum Benchmarking program
Named Competitors
Qiskit — Quantum computing framework and software platform
Cirq — Quantum computing software library
Leap — Quantum computing cloud service
Recent Developments
(July 2024) Expanded partnership with D-Wave Quantum for integrated quantum and generative AI solutions
(September 2025) Completed Phase One of strategic restructure with $3M financing and debt-to-equity conversion
(November 2025) Completed Phase Two restructure with $1.25M capital raise and additional $8.6M debt restructuring
Open the full interactive Zapata Computing Holdings Inc. report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.