The quantum processor company QuantWare has raised €152 million in a Series B funding round to support the development and scaling of its technology. The announcement follows the introduction of its VIO-40K™ architecture, designed to enable quantum processors with significantly higher qubit capacity than current systems.
New investors in the round include Intel Capital, In-Q-Tel, and ETF Partners, alongside existing backers such as FORWARD.one, Invest-NL Deep Tech Fund, InnovationQuarter Capital, Ground State Ventures, and Graduate Ventures.
Founded by researchers from QuTech, QuantWare has grown into a provider of commercially available quantum processing units, producing hardware at an industrial scale in Europe.
The company develops modular quantum processors based on its proprietary VIO™ architecture, which enables scalable and energy-efficient system design. This open approach allows third parties to build and integrate their own designs, supporting broader industry development and collaboration.
The promise of quantum computing can only be realised once it can be manufactured and deployed at scale. With VIO-40K and KiloFab, we are building both the technology and the production capacity needed to meet growing global demand,
said Matt Rijlaarsdam, CEO and co-founder of QuantWare.
As part of its expansion, the company is building KiloFab, a dedicated quantum manufacturing facility in the Netherlands aimed at increasing production capacity and strengthening Europe’s role in the global quantum computing value chain.
The newly raised capital will be used to scale both the development and industrial production of QuantWare’s processors. This includes advancing its VIO™ architecture and supporting the build-out of KiloFab, with the broader goal of accelerating the transition of quantum computing from research to large-scale commercial deployment.
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