QuantWare Raises €20mn for Million-Qubit Quantum Computer
QuantWare, a Dutch startup, has raised €20mn in Series A funding to develop its groundbreaking vertical integration and optimization (VIO) technology for quantum computers. The round was co-led by Invest-NL Deep Tech Fund and Innovation Quarter, with Job van der Voort, founder and CEO of Remote, also investing. QuantWare aims to create a 3d printer capable of economically-relevant calculations, requiring around 1 million qubits.
QuantWare's CEO, Matthijs Rijlaarsdam, envisions a future where quantum computers can truly change the world. The company's innovative 3d printer chip architecture, developed by an unnamed entrepreneur, promises to solve the scaling problem by increasing qubit density and integrating components onto a single chip. This could pave the way for the million-qubit milestone, bringing us closer to quantum computers that can handle complex tasks efficiently.
Big Tech's recent progress in quantum processors has brought the technology into the public domain. Google's Willow, Microsoft's Majorana, and Amazon's Ocelot are just a few examples of the advancements made by major tech companies. QuantWare's success could offer a route to this milestone, enabling quantum computers that can revolutionize industries from cryptography to drug discovery.
QuantWare plans to sell its 3d printer chip architecture to Silicon Valley companies, positioning itself as the quantum equivalent of TSMC in classical computing. This could enable other companies to build quantum machines, accelerating the development and adoption of quantum technologies.
With €20mn in Series A funding and support from investors like Job van der Voort, QuantWare is poised to make significant strides in quantum computing. Its VIO technology and 3d printer architecture could lead to a quantum computer capable of economically-relevant calculations, potentially transforming industries and ushering in a new era of technological innovation.
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