QuantWare secures €152M for large-scale quantum systems

The quantum processor company QuantWare
has raised €152 million in a Series B funding round to support the development
and scaling of its technology. The announcement follows the introduction of its
VIO-40K™ architecture, designed to enable quantum processors with significantly
higher qubit capacity than current systems.

New investors in the round include Intel Capital, In-Q-Tel, and ETF Partners, alongside existing backers such as
FORWARD.one, Invest-NL Deep Tech Fund, InnovationQuarter Capital, Ground State
Ventures, and Graduate Ventures.

Founded by researchers from QuTech,
QuantWare has grown into a provider of commercially available quantum
processing units, producing hardware at an industrial scale in Europe.

The company develops modular quantum processors based on its proprietary
VIO™ architecture, which enables scalable and energy-efficient system design.
This open approach allows third parties to build and integrate their own
designs, supporting broader industry development and collaboration.

The promise of quantum computing can only be realised once it can be
manufactured and deployed at scale. With VIO-40K and KiloFab, we are building
both the technology and the production capacity needed to meet growing global
demand,

said Matt Rijlaarsdam, CEO and
co-founder of QuantWare.

As part of its expansion, the company is building KiloFab, a dedicated
quantum manufacturing facility in the Netherlands aimed at increasing
production capacity and strengthening Europe’s role in the global quantum
computing value chain.

The newly raised capital will be used to scale both the development and
industrial production of QuantWare’s processors. This includes advancing its
VIO™ architecture and supporting the build-out of KiloFab, with the broader
goal of accelerating the transition of quantum computing from research to
large-scale commercial deployment.