QuantWare, a Dutch startup building quantum processors for research and commercial use, today announced a €6 million seed, led by Dutch deep technology investor Forward.One, with participation from QDNL Participations and Graduate. announced that it has raised a round (approximately $6.33 million). such as entrepreneurs. The company says it will use the new funding to expand its team to support the production and development of its 64-qubit Tenor processor. This allows us to quickly scale to larger qubit chips thanks to our innovative architecture.
Last year, QuantWare was selected to provide the quantum processing unit for Israel’s first quantum computer (along with the likes of Quantum Machines), and in the last few months, other companies have launched their own superconducting quantum chips and first non-processor products. We have launched a foundry service to help you manufacture , the “crescendo” amplifier. All of this is happening against the backdrop of growing interest in the open hardware ecosystem. This is comparable to classical computing today.
However, QuantWare’s focus now is on new processors. As the company’s CEO and co-founder Matthijs Rijlaarsdam told me, the main advance lies in how to connect the various qubits. With this new processor, the company moves to his 3D and introduces these control lines from above. “This will allow us to create modules that can be combined and reach very large qubit counts very quickly,” he explained. The company expects to at least double the number of qubits he sees on an annual basis, and Rijlaarsdam said given the current state of the industry as a whole, even if it could be faster, potential customers would be He said it was very difficult to control. It’s now a 1,000 qubit machine.
When QuantWare first launched, Rijlaarsdam told me the company wanted to help others build quantum computers. “We’re trying to enable people to be Dells, quantum Dells,” he said at the time. This makes QuantWare more like Intel and AMD when it comes to quantum computing. And with a project like Israel’s first quantum computer being a marquee customer, some of those bets appear to be paying off. “There’s an ecosystem built around our processors, so it’s really exciting to see that,” said Rijlaarsdam.
He also said the company, which spun out of TU Delf/QuTech, hopes it can scale to meet current demand. After all, there aren’t thousands of companies looking to build quantum computers. QuantWare, which currently uses a national clean room available to researchers and companies in the Netherlands, plans to bring more production in-house over time. “It’s not about quantity,” he says Rijlaarsdam. “It’s a question of quality. It’s about having full control over the process.”
The company said it has raised more money than originally planned. According to Rijlaarsdam, thanks to this investment, the company will roughly double in size, although much of the investment will also be spent on acquiring manufacturing and measuring equipment (measuring equipment, as Rijlaarsdam pointed out industry-wide).
