Delft-based Quantware has raised 152 million euros in what it says is the largest private funding round for a dedicated quantum processor company to date. The startup will deploy the funding to scale up Kilofab, a large-scale production facility for superconducting quantum processors. Quantware will manufacture its own processors there, as well as products from other companies. Production capacity will be increased by a factor of 20.
At the heart of Quantware’s strategy is its VIO platform, a technology that enables stacking of quantum chips into an almost-monolithic quantum processing unit (QPU). VIO makes it possible to vertically integrate control and readout wiring and it embeds signal conditioning directly on-chip, removing a key hurdle for scaling quantum processors to high enough numbers of qubits to do meaningful calculations.
VIO is an open platform that allows other companies to utilize it to scale their own processor technology. Having recently launched VIO-40k to reach 10,000 qubits, Quantware has shipped to more than fifty customers across twenty countries, making it the world’s largest commercial QPU supplier by volume. Customers span quantum computing companies, national technology institutes and major global technology conglomerates.
New investors in the latest funding round include Intel Capital, In-Q-Tel and ETF Partners. Existing backers such as Forward.one and Invest-NL Deep Tech Fund also participated.
