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QuantWare Aims for 1M Qubits with €20mn Funding

QuantWare's breakthrough 3D chip architecture could solve the qubit scaling challenge. With €20mn in funding, the company is poised to revolutionize industries with its quantum computing technology.

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QuantWare Aims for 1M Qubits with €20mn Funding

QuantWare, a Dutch startup specializing in quantum technology, has made significant strides in quantum processor development, bringing quantum computing closer to the public domain. The company recently raised €20mn in Series A funding to advance its vertical integration and optimization (VIO) technology and build chip fabrication facilities.

QuantWare's co-founder and CEO, Matthijs Rijlaarsdam, estimates that around 1 million qubits are needed for economically-relevant quantum calculations. The company's 3D chip architecture promises to accommodate this many qubits, potentially solving the challenge of fitting more qubits onto a single chip. This breakthrough comes amidst recent launches of quantum chips by tech giants like Google (Willow), Microsoft (Majorana), and Amazon (Ocelot).

QuantWare's VIO aims to integrate components onto a single quantum processor, addressing the scaling problem. The company's main customers, set to benefit from this technology, include research institutions, tech companies, AI developers, pharmaceutical firms, and financial institutions. These sectors could harness the immense computational power of quantum computers to solve complex problems efficiently. The funding round was co-led by Invest-NL Deep Tech Fund and Innovation Quarter, with Remote's CEO Job van der Voort also investing.

QuantWare's 1-million qubit quantum computer, enabled by its 3D chip architecture and VIO technology, promises to revolutionize industries. With plans to become the quantum equivalent of TSMC, the company aims to sell its technology to Silicon Valley tech giants, accelerating the adoption of quantum computing in Georgia Tech and beyond.

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