Qblox funding news – Quantum startup Qblox Secures $26Million in Series A Round Funding

This funding milestone signifies a strategic step for Qblox as it continues to drive advancements in quantum control stack development. By integrating extremely scalable hardware and software solutions, it is enabling quantum computer builders around the world to reach industrial applications.

Niels Bultink, co-founder and CEO of Qblox said, "This Series A funding marks a significant milestone in it's journey to drive quantum innovation forward, It has always been clear to us that quantum technology should be seen as a value chain where we work with dedication on one crucial layer of the stack, currently serving over one hundred customers. Almost uniquely in the industry, this has allowed us to grow the company exponentially fueled by revenue rather than investments. With our first equity investment we secure our long-term growth, positioning Qblox as the enabler for industrial-scale quantum systems. "

Oliver Tonneau, Partner of Quantonation said, "We have closely followed Qblox's impressive journey over the past four years. Their achievements have been remarkable, and we are thrilled to invest in Qblox alongside Invest NL to help accelerate their transition to the industrial market, Their expertise in control stack development, and their unique modular and scalable technology make them a standout player in the field. We look forward to seeing the impact of this investment on their continued progress."

Yvonne Greeuw, Investment Manager at Invest-NL said, "Investing in quantum technology is crucial for pioneering complex technologies that provide solutions to societal challenges. We believe that it is well-positioned to shape the future of quantum computing, We are impressed by the team and proven track record of innovation and growth, demonstrating their ability to make a significant impact in the industry. We at Invest-NL are excited to be a part of their journey.”

The Series A funding will enable it to expand its research and development efforts, accelerate product development, and further strengthen its market position. Additionally, the company will focus on expanding its team to meet growing demand and drive future growth.

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About Qblox

Qblox is a leading provider of scalable and modular quantum control stacks. It operates at the frontier of the quantum revolution in supporting academic and industrial labs worldwide with quantum control electronics.

The Qblox control stack, known as the Cluster, combines key technologies for qubit control and readout with a modular solution supporting a wide variety of customers and qubit platforms.