Delft-based startup QuantWare, which designs and builds quantum processors, has secured $178 million in a Series B funding round.
- Founded in 2021 by Matthijs Rijlaarsdam and Alessandro Bruno, QuantWare develops quantum chips based on superconducting qubits.
- Its core technology, known as VIO™, is an architecture designed to improve how control signals are routed on-chip and to enable multiple processor units to be linked together, addressing a key challenge in scaling quantum systems.
- Alongside its own hardware, QuantWare offers fabrication, packaging and foundry services to third parties building quantum devices.
Details of the deal
- The funding round was co-led by Intel Capital and FORWARD.one, with participation from IQT, ETF Partners, Invest-NL, InnovationQuarter, Ground State Ventures and Graduate Entrepreneur Fund.
"Building a global compute hardware company requires immense ambition. The QuantWare team has that drive, and with their VIO technology, they hold the key to leading the high-growth quantum industry. As one of their earliest backers, we are proud to continue our support in what is now the world’s largest funding round for a dedicated quantum processor company," said Robin van Boxsel, General Partner at FORWARD.one.
- QuantWare plans to use the proceeds to expand manufacturing capacity and move toward industrial-scale production, including the construction of a dedicated fabrication facility.
- The investment will also support the development of higher-capacity processors and the broader rollout of its architecture to external partners, as the company seeks to address current limits in qubit scaling.
