Delft-based QuantWare, creator of the VIO QPU scaling technology and provider of quantum hardware, has raised an additional $4.5 million, bringing its oversubscribed Series A round to $27 million.
- QuantWare was founded in 2021 by Matthijs Rijlaarsdam and Alessandro Bruno. The company develops scalable quantum processors to advance practical, fault-tolerant quantum computing.
- Its proprietary VIO scaling technology addresses the challenge of expanding qubit counts to the million-qubit level.
- QuantWare offers custom-designed quantum processing units and foundry services to research institutions, startups, and technology companies worldwide.
- The firm's product lineup includes QPUs optimized for quantum error correction and high-fidelity signal detection. By embracing the Quantum Open Architecture approach, QuantWare enables other organizations to build quantum systems without dependence on a single platform.
Details of the deal
- The Series A funding round for QuantWare included investments from Invest-NL Deep Tech Fund, InnovationQuarter, EIC - European Innovation Council, FORWARD.one, QDNL Participations, and the Graduate Entrepreneur Fund.
- QuantWare will use the fresh funding to accelerate the expansion of its chip fabrication facilities, enabling the production of significantly more powerful quantum processors powered by its proprietary VIO scaling technology.
- Additionally, the capital will support growing the team by recruiting top talent to advance the company’s development efforts and strengthen key partnerships across the quantum ecosystem.
“VIO plays a critical role in the future of quantum computing, and our recent progress proves that we can turn our vision into reality. This additional funding accelerates that momentum, bringing us closer to our mission: making the world’s most powerful quantum processors to solve humanity’s most important challenges," claims Matthijs Rijlaarsdam, CEO of QuantWare.
