Dutch photoquantum pioneer Quix Quantum raises funds

Dutch photoquantum pioneer Quix Quantum raises funds

Business news |
By Peter Clarke

Photonic quantum processor provider Quix Quantum BV has secured €5.5 million (about US$5.6 million) in seed round investment.

The funding follows the Stefan Hengesbach as CEO and was made by PhotonDelta, and Oost NL.

Quix Quantum was founded as Quix in 2019 to develop an optical processor for quantum computing capable of room temperature operation. It has developed silicon-nitride wavequide base platform and systems with 12- and 20-qumodes. The qumode is the optical equivalent of the qubit and Quix has succeeded in producing a processor that has both low optical losses and the largest number of qumodes.

Quix said it expects to launch a photonic quantum computer based on its 20-qumode processor in early 2023 and launch a 50-qumode processor in 2023.

“Quix Quantum’s processors are already world leading and ideally suited to create the most powerful photonic quantum computer we have yet seen. This round brings us a huge leap forward towards this goal and will enable us to start production of a game-changing 50-qumode processor,” said Hengesbach in a statement.

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