QuantWare, a leading quantum hardware company, has raised €20 million ($21.2 million USD) in a Series A funding round co-led by Invest-NL Deep Tech Fund and Innovation Quarter, with participation from the 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 funds will be used to scale its VIO (Versatile Integrated Optics) platform, which enables the development of large-scale quantum processors (QPUs) by addressing current scaling bottlenecks. VIO allows for the creation of monolithic QPUs with over 1 million qubits, avoiding the performance limitations of networked smaller systems.
QuantWare’s VIO technology is available through its own QPUs and foundry services, enabling third-party companies to scale their qubit designs. The company also announced Contralto-A, a QPU designed for quantum error correction, which is nearly twice as large as competing commercial solutions. Contralto-A is upgradable to larger VIO-powered QPUs, supporting customers in achieving scalable error-correction roadmaps.
The funding will accelerate the development of VIO, expand chip fabrication facilities, and meet growing global demand for scalable quantum processors. QuantWare’s technology is already used by customers in 20 countries, positioning the company as a key player in advancing large-scale quantum computing.
For more details, visit the original announcement by QuantWare here and Invest-NL here.
March 5, 2025
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