QuantWare, a quantum computing company focused on developing technology to create the world’s most powerful quantum processors, has raised €20 million in Series A funding.
The round was co-led by Invest-NL Deep Tech Fund and Innovation Quarter, with participation from the EIC Fund, FORWARD.one, Graduate Entrepreneur Fund, QDNL Participations, and Job van der Voort, founder and CEO of Remote.com.
QuantWare has developed VIO, a technology enabling customers to create the world’s largest quantum processors (QPUs). VIO addresses scaling bottlenecks that limit current QPU sizes, allowing users to scale any qubit design and unlock the fastest path toward quantum computers with over 1 million qubits in a single processor.
Without VIO, quantum processors face limitations in the number of qubits, requiring builders to connect multiple smaller systems to create one large system. Due to the noise generated by these connections, such networks are exponentially less powerful than a monolithic large system. While quantum computers from companies like Google and IBM feature 100 to 1,000 qubits, QuantWare’s technology will help the industry progress toward far more powerful quantum computers.
With top-tier fabrication capabilities, QuantWare offers VIO through its custom-designed QPUs, while third-party customers can access the technology via Foundry and Packaging Services.
QuantWare already powers quantum computers for customers in 20 countries worldwide.
The new funding will support further development of VIO and expansion of chip fabrication facilities. This will enable the company to scale VIO for the creation of larger QPUs and deliver the technology to more customers, meeting the rising demand from the global customer base.
“Our mission is to make VIO the scaling standard, and have it power the first million-qubit quantum computers of the hyperscalers of tomorrow,” said Matthijs Rijlaarsdam, CEO and co-founder at QuantWare. “Building the best team in the world to achieve this mission is essential. Accelerating the path toward that moment is crucial, as systems of that scale will change the world.”