QuantWare Raises €152M To Scale Next-Generation Quantum Processors

New investors include Intel Capital, IQT, and ETF Partners, alongside existing backers such as FORWARD.one, Invest-NL Deep Tech Fund, InnovationQuarter Capital, Ground State Ventures, and Graduate Ventures. The round is described as the largest private funding raise to date for a dedicated quantum processor company.

The company says it is the only player designing, fabricating, and integrating modular quantum processors on an open architecture at industrial scale. Its proprietary VIO technology a modular quantum processor architecture enables the development of highly efficient systems with leading compute performance per watt.

Built as an open platform, VIO allows third parties to scale their own qubit chiplets and designs, unlocking more powerful quantum processing units (QPUs) across the industry. QuantWare supports the global quantum ecosystem through its QPUs, foundry services and chiplet packaging, enabling companies to scale on its architecture.

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Founded in 2021 by Matt Rijlaarsdam and Alessandro Bruno as a spinout from QuTech at TU Delft, QuantWare focuses on scaling superconducting qubits toward utility-scale quantum computing.

The company says it has shipped more quantum processors than any other commercial supplier, serving over 50 customers across 20 countries. It is also developing KiloFab, set to become the world’s largest dedicated quantum open-architecture fabrication facility, increasing production capacity by 20x to meet growing global demand.

“The promise of quantum computing, capable of solving humanity’s intractable challenges, can only happen once it can be manufactured and deployed at scale. That is exactly what we are building,” says Matt Rijlaarsdam, CEO and co-founder of QuantWare. “VIO-40K will deliver 10,000-qubit processors on an open architecture that the entire ecosystem can build on, and KiloFab gives us the industrial production capacity to meet rapidly growing global demand. This fundraise accelerates QuantWare, and in doing so, advances the entire ecosystem toward hyperscale quantum compute.”

About QuantWare

QuantWare is a Delft-based quantum processor company developing scalable quantum hardware using its proprietary VIO™ architecture. A spinout from QuTech at TU Delft it designs, fabricates and integrates superconducting quantum processors, enabling the broader ecosystem to build and scale toward utility-level quantum computing.