Qblox raises $26M for its quantum control stack

Quantum startup Qblox have closed a $26M Series A funding round to further develop its quantum control stack.

Qblox is a leading provider of scalable and modular quantum control stacks. The Qblox control stack, known as the Cluster, combines key technologies for qubit control and readout with a modular solution supporting a variety of qubit platforms.

The round was led by Quantonation and Invest-NL Deep Tech fund and with participation from QDNL and the European Innovation Council (EIC).

"This Series A funding marks a significant milestone in Qblox's journey to drive quantum innovation forward, " said Niels Bultink, co-founder and CEO of Qblox. "It has always been clear to us that quantum technology should be seen as a value chain where we work with dedication on one crucial layer of the stack, currently serving over one hundred customers. Almost uniquely in the industry, this has allowed us to grow the company exponentially fueled by revenue rather than investments. With our first equity investment we secure our long-term growth, positioning Qblox as the enabler for industrial-scale quantum systems. "

"We have closely followed Qblox's impressive journey over the past four years. Their achievements have been remarkable, and we are thrilled to invest in Qblox alongside Invest NL to help accelerate their transition to the industrial market, commented Oliver Tonneau, Partner of Quantonation. "Their expertise in control stack development, and their unique modular and scalable technology make them a standout player in the field. We look forward to seeing the impact of this investment on their continued progress."

The Series A funding will enable Qblox to expand its research and development efforts, accelerate product development, and further strengthen its market position. Additionally, the company will focus on expanding its team to meet growing demand and drive future growth.