Quantware raises €20m for 1m qubit quantum computer
Dutch quantum pioneer QuantWare has raised €20m to develop a quantum computer with 1m qubits.
The funding will be used to further develop VIO and build out its chip fabrication facilities. This will allow QuantWare to prepare VIO to enable the creation of much larger QPUs and deliver its technology to more customers
The Series A round was co-led by Invest-NL Deep Tech Fund and Innovation Quarter, with participation from EIC Fund and existing investors including FORWARD.one, Graduate Entrepreneur Fund and QDNL Participations, as well as Job van der Voort, founder and CEO of Remote.com
The QuantWare VIO technology solves the scaling bottlenecks that limit the size of quantum processors, allowing users to scale any qubit design and unlocking the fastest path towards quantum computers with more than 1 million qubits in a single processor.
Without VIO, quantum processors are limited in their number of qubits and computer builders need to resort to networking together many smaller systems to build a single large system. Due to the noise introduced by these network links, they will be exponentially less powerful than a monolithic large system.
QuantWare offers VIO via its own designed QPUs with its own fabrication, while third-party customers can make use of the technology via Foundry and Packaging Services. QuantWare already powers quantum computers for customers in 20 countries around the world.
“Our mission is to make VIO the scaling standard, and have it power the first million-qubit quantum computers of the hyperscalers of tomorrow. ” said Matthijs Rijlaarsdam, CEO and co-founder at QuantWare.
“We are building the best team in the world to achieve this mission. Accelerating the path towards that moment is a very important thing to do, as systems of that size will change the world”
QuantWare last week launched its Contralto -A QPU made for error correction. This is intended as a first step on such a roadmap and is designed to be easily upgradable to QuantWare’s larger VIO-powered QPUs. It is almost twice as large as competing solutions that are commercially available.
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