Qblox raises $26m for quantum control stack development

Qblox raises $26m for quantum control stack development

Business news |
By Nick Flaherty

‍Qblox in the Netherlands has raised $26m for its scalable control electronics and software for quantum computers with thousands of qubits for industrial applications.

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

The Series A funding round was led by Quantonation and Invest-NL Deep Tech fund and with participation of QDNL participations and the European Innovation Council (EIC). The Series A funding will enable Qblox, which has over 95 staff, to expand its research and development and accelerate product development.

Modular electronics for 20 qubit Swedish quantum computer

“This Series A funding marks a significant milestone in Qblox’s journey to drive quantum innovation forward, ” said Niels Bultink, co-founder and CEO of Qblox. “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. “

“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,” said Oliver Tonneau, Partner of Quantonation. “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.”

“Investing in quantum technology is crucial for pioneering complex technologies that provide solutions to societal challenges. We believe that Qblox is well-positioned to shape the future of quantum computing,” said Yvonne Greeuw, Investment Manager at Invest-NL.

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