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Siôn Geschwindt@The Next Web //

Quantum Computing Race: QuantWare Secures Funding Boost

Dutch quantum hardware company QuantWare B.V. has secured €20 million in a Series A funding round to scale its quantum processors for next-generation computing. The round was co-led by Invest-NL Deep Tech Fund and Innovation Quarter, with participation from EIC Fund and existing investors. QuantWare develops VIO, a technology that allows its customers to build larger single-chip quantum processing units, which are less prone to interference.

QuantWare's VIO technology aims to solve scaling bottlenecks that limit the size of QPUs today, 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. The funding will be used to further develop VIO, expand chip fabrication facilities, and roll out QuantWare’s Contralto-A QPU, designed for quantum error correction. QuantWare's CEO, Matthijs Rijlaarsdam, stated that their mission is to make VIO the scaling standard and power the first million-qubit quantum computers of the hyperscalers of tomorrow.

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References :
  • The Next Web: Big Tech’s quantum race is a golden opportunity for Dutch startup QuantWare
  • The Quantum Insider: QuantWare Raises €20 million Series A
  • The Quantum Insider: Researchers with NTT Corporation (NTT), The University of Tokyo, Kyushu University and RIKEN announced the development of a new, fault-tolerant quantum computing architecture that separates memory and processor, improving portability and efficiency.
  • SiliconANGLE: QuantWare raises €20M to scale quantum processors for next-gen computing
  • The Quantum Insider: VTT And IQM Launch First 50-Qubit Quantum Computer Developed in Europe
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