QuantWare's raised a €20 million Series A funding round that will accelerate the development of VIO, their revolutionary quantum processor technology.
QuantWare was founded with a singular mission—to accelerate the advent of quantum computing. Their cutting-edge technology, VIO, is set to solve the scaling bottlenecks that currently limit quantum processor units (QPUs). By enabling any qubit design to scale, VIO unlocks the fastest path to quantum computers with more than 1 million qubits in a single processor.
Over the past few years, QuantWare has established itself as a leader in the industry, powering quantum computers for customers across 20 countries. This latest funding will allow them to expand their chip fabrication facilities and roll out VIO at scale to meet the growing demand from their global customer base.
QuantWare’s CEO, Matthijs Rijlaarsdam, shared his excitement about the impact of this funding round: “Our mission is to make VIO the scaling standard, powering the first million-qubit quantum computers of tomorrow’s hyperscalers. We are building the best team in the world to achieve this mission. Accelerating the path towards that moment is a very important thing to do, as systems of that size will change the world.”
This funding round was co-led by Invest-NL Deep Tech Fund and InnovationQuarter, with additional support from EIC - European Innovation Council, FORWARD.one, QDNL Participations, Graduate Entrepreneur Fund, and Job van der Voort (Remote). The strength of this investor group highlights the global confidence in QuantWare’s ability to revolutionize quantum computing.
Congratulations to the QuantWare team on this incredible milestone—we’re proud to support your mission to make quantum computing scalable and accessible to the world!