Zapata Quantum Inc (ZPTA) was a quantum-inspired generative AI software company that offered subscription-based solutions using mathematical techniques drawn from quantum physics to address complex industrial problems. Revenue came from software subscriptions and related services, with the company also pursuing U.S. government contracts and highly regulated organizations as target customers. The company's primary software platform was Orquestra, which provided quantum computing application development capabilities across domains including chemistry, materials science, optimization, cryptography, and machine learning. On October 7, 2024, Zapata's Board of Directors approved the cessation of all operations due to insufficient financial resources, terminated substantially all employees effective October 9, 2024, and on October 25, 2024, the company's common stock and warrants were delisted from Nasdaq. As of the 10-K filed March 31, 2026, the company maintained only minimal activity to administer wind-down matters, with Sumit Kapur retained as Chief Financial Officer to oversee termination business activities.

Revenue model

Subscription-based software and related services, prior to the October 2024 operational cessation. The company also pursued U.S. government contracts and targeted highly regulated organizations as prospective customers.

Products and services

Orquestra platform for quantum computing application development. Generative AI solutions using quantum-physics-inspired mathematical techniques, applied to chemistry, materials science, optimization, cryptography, and machine learning. A collaborative research agreement to develop a quantum generative AI application was entered on February 12, 2024.

Customers and end markets

Industrial enterprises with complex computational problems, U.S. government agencies, and highly regulated organizations. No specific customer names or concentration data are disclosed in the filing excerpts.

Value-chain role

Application-layer software provider sitting above quantum hardware, translating real-world industrial problems into quantum-compatible algorithms and workflows. Relied on third-party public cloud providers for infrastructure.

Geographic exposure

United States primary market, with some exposure to EU data-privacy regulation (GDPR) suggesting prior or intended EU commercial activity. No specific revenue split by geography is disclosed in the filing excerpts.

Source: SEC 10-K, filed 2026-03-31

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