QuantWare, a Dutch quantum hardware company, has raised €20 million in a Series A funding round. The company plans to use the funds to improve its chip fabrication facilities and address scaling issues in quantum processors. The funding round was led by Invest-NL Deep Tech Fund and Innovation Quarter.
Additional investors included EIC Fund, FORWARD.one, Graduate Entrepreneur Fund, QDNL Participations, and Job van der Voort, the founder and CEO of Remote. QuantWare was founded in 2020 by Dr. Alessandro Bruno and Matthijs Rijlaarsdam.
The company focuses on developing technology that enables the creation of larger single-chip quantum processing units (QPUs) that are less susceptible to interference. Qubits, the basic unit of quantum computing, can hold a state between zero and one but are very fragile and prone to errors caused by noise, vibrations, and other external factors.
quantWare’s mission to scale quantum
QuantWare’s goal is to tackle the scaling limitations within the quantum computing industry. Currently, quantum processors are limited by the number of qubits they can stack next to each other. To create larger systems, builders must network these qubits, which introduces noise and makes the computers more error-prone.
QuantWare’s VIO hardware aims to solve these problems. CEO Matthijs Rijlaarsdam stated, “Our mission is to make VIO the scaling standard and power the first million-qubit quantum computers of tomorrow.” The company has already secured customers across 20 countries. The new funds will be used to further develop VIO technology and allow QuantWare to create larger QPUs for its customers.
VIO is available either through QuantWare’s designed QPUs or through their foundry and packaging services for third-party customers. QuantWare recently introduced a quantum processor with error correction capabilities featuring up to 17 transmon qubits with tunable couplers, which is twice as large as some competing solutions. This development represents a significant step on QuantWare’s roadmap towards creating scalable QPUs powered by the VIO platform.
Image Credits: Photo by Annie Spratt on Unsplash
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