Dutch Quantum Company QuantWare Raises $178 Million From Intel and ...

Dutch quantum company QuantWare raises $178 million from Intel and ...

Dutch quantum company QuantWare raises $178 million from Intel and others

QuantWare, a Dutch quantum processor company, has secured $178 million in new funding. Intel Capital is among the investors. This capital will boost QuantWare's production capabilities. Quantum computing promises significantly faster data processing. The sector is projected to be worth trillions in the coming decade. This investment supports the scaling of quantum technology for widespread deployment.

QuantWare Secures $178M Series B to Scale VIO™ Architecture and Expand Fabrication Capacity

QuantWare, the Delft-based developer of superconducting quantum processing units (QPUs), has announced a $178 million (€152 million) Series B funding round. The investment, which represents the largest private round ever raised by a dedicated industrial quantum processor company, is intended to accelerate the production of the company’s "VIO" modular architecture and the construction of "KiloFab," [...] The post QuantWare Secures $178M Series B …

Dutch quantum firm QuantWare secures €152M for major Delft facility

QuantWare, a Dutch quantum processor company, has secured 152 million euros in fresh funding to support plans for a major production facility in Delft. The round includes backing from Intel’s venture capital arm and the government-backed Invest-NL, among others, as the Zuid-Holland based scale-up looks to expand manufacturing of quantum chips.