QuantWare Secures €20 Million to Advance Quantum Processor Development

2025-03-06 semicon

Delft, Thursday, 6 March 2025.
Dutch startup QuantWare raises €20M to scale its quantum processors, emphasizing large-scale computing advancements and highlighting the Netherlands’ quantum tech leadership.

Breakthrough in Quantum Computing Scale

Delft-based QuantWare, founded in 2020, has secured €20 million in Series A funding to advance its revolutionary VIO (Versatile Integrated Optics) technology [1][2]. The funding round, co-led by Invest-NL Deep Tech Fund and Innovation Quarter, with participation from the EIC Fund and existing investors, marks a significant milestone in quantum computing development [3]. The company currently serves customers across 20 countries, establishing itself as the world’s leading provider of superconducting quantum hardware [4].

Revolutionary VIO Technology

QuantWare’s VIO technology represents a fundamental shift in quantum processor capabilities, targeting the creation of processors with over one million qubits [5]. This advancement significantly surpasses current quantum computers, which typically operate with hundreds to around 1,000 qubits [6]. The company recently demonstrated its progress by introducing the Contralto-A quantum processor on February 24, 2025, featuring up to 17 transmon qubits with tunable couplers - nearly twice the size of competing commercial solutions [1][3].

Strategic Expansion and Industry Impact

Under the leadership of CEO Matthijs Rijlaarsdam and co-founder Dr. Alessandro Bruno, QuantWare plans to utilize the new funding to expand its chip fabrication facilities and advance VIO technology development [1]. The company’s growing team of approximately 50 professionals [7] works from their Delft headquarters, focusing on solving critical scaling challenges in quantum computing. This investment aligns with the Netherlands’ National Technology Strategy, which identifies quantum technology as one of ten key technologies crucial for economic sovereignty and national security [8].

Future Prospects and Market Position

The funding positions QuantWare to accelerate its mission of making VIO the industry standard for quantum computing [1]. The company’s approach includes offering a foundry model that enables third parties to design and manufacture their own QPUs [9]. This strategy, combined with their recent Contralto-A processor launch, demonstrates QuantWare’s commitment to advancing practical quantum computing applications and maintaining their position as a global leader in quantum hardware development [3][8].

Bronnen

Investment Quantum computing