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Delft’s QuantWare extends Series A to €23.3M to unlock the path to million-qubit quantum processors
- QuantWare, a Delft-based company focusing on quantum processors, raised an additional $4.5M, totaling their Series A funding to $27M.
- The funding will be used to enhance chip fabrication facilities, expand the team, and recruit talent.
- QuantWare aims to deliver 1M qubit systems in the near future and is focusing on developing quantum hardware and VIO large quantum processors.
- VIO technology enables scaling for any qubit design and paves the way for systems with over 1 million qubits.
- Existing quantum computers have between 100 and 1,000 qubits, while QuantWare's VIO technology supports larger quantum processors with enhanced computational capabilities.
- Founded in 2020 by Alessandro Bruno and Matthijs Rijlaarsdam, QuantWare operates in 20 countries across four continents, providing quantum computing technology.
- QuantWare offers VIO technology through its quantum processors and provides services to third-party customers.
- The company focuses on addressing the limitations of quantum processors without VIO, which require multiple systems connected, leading to reduced computational efficiency.
- QuantWare's recent funding boost reinforces its mission of developing powerful quantum processors to tackle significant challenges.
- Matthijs Rijlaarsdam, CEO of QuantWare, emphasizes the importance of VIO in advancing quantum computing and building key partnerships in the quantum ecosystem.
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