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Quantware Raises €6M To Scale Its Quantum Processor Business

PRIVATEMar 09, 2023

Amount Raised

€6 Million

Round Type

Funding Round

DelftManufacturingcomputer hardware

Investors

Graduate EntrepreneurQDNL ParticipationsForward

Description

QuantWare, the Dutch startup that builds quantum processors for research and commercial usage, today announced that it has raised a €6 million seed round (that’s about $6.33 million) led by Dutch deep tech investor Forward.One, with participation from QDNL Participations and Graduate Entrepreneur, among others. The company says it will use this new funding to scale up its team and support the production and development of its 64-qubit Tenor processor, which, thanks to its innovative architecture, will now allow the company to more quickly scale to larger qubit chips.

Quick answer

QuantWare raised €6 Million in a Funding Round round, dated March 9, 2023. Investors: Graduate Entrepreneur, QDNL Participations and Forward. QuantWare is based in Delft, South Holland, Netherlands.

How much did QuantWare raise?
QuantWare raised €6 Million in a Funding Round round on March 9, 2023.
Who invested in QuantWare?
Graduate Entrepreneur, QDNL Participations and Forward are named as investors in this round.
What does QuantWare do?
QuantWare is building the world’s most powerful quantum processors, and is today the highest-volume supplier of quantum processing units (QPUs) worldwide, with customers in more than 20 countries.
Where is QuantWare based and how big is it?
QuantWare is based in Delft, South Holland, Netherlands. Fundz records about 50 employees.
Who are the decision-makers at QuantWare?
Fundz holds 3 contacts at QuantWare, including the VP Business Development HPC / Cloud Computing. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in computer hardware and Manufacturing around the same time

Companies in the same sectors as QuantWare that raised within 45 days of this round, from Fundz verified event records.

  • R Value, Inc. raised $385K (Seed) on April 21, 2023.
  • LEADOPTIK raised $6.6M on April 21, 2023.
  • Allarity Therapeutics raised $350K (Seed) on April 21, 2023.
  • Pathfinder Spirit raised $3.1M (Seed) on April 21, 2023.
  • Paragraf raised $40M on April 21, 2023.
  • P&THE Manufacturing Michigan raised $60K (Pre-Seed) on April 21, 2023.

Who to call at QuantWare, and when

A new round usually means QuantWare is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

QuantWare

Location

Delft, South Holland, Netherlands

About

QuantWare is building the world’s most powerful quantum processors, and is today the highest-volume supplier of quantum processing units (QPUs) worldwide, with customers in more than 20 countries. Its unique VIO 3D scaling architecture is the only technology that unlocks MegaQubit-scale, ultra-high-speed quantum processors, delivering exponentially more performance per Watt per dollar invested. VIO paves the way for the hyper-scale quantum computers that will solve humanity's greatest challenges. The company was founded in 2021 by quantum computing experts Matt Rijlaarsdam and Alessandro Bruno as a spin-out from QuTech, a globally-leading quantum computing research institute, part of TU Delft in the Netherlands. The company has won multiple awards, including the Deloitte Technology Fast 50 Rising Star award in 2024.

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Related People

3 contacts
Verified contactsGautier S., VP Business Development HPC / Cloud Com… hiddenSee plans and pricing
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QuantWare raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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