QuantWare Raises $178 Million to Build World’s Most Powerful Quantum Processors at an Industrial Scale

Largest private round by a dedicated industrial quantum processor company, Intel Capital and In-Q-Tel (IQT) participatingFunds VIO™ technology to deliver world’s most powerful processors for hyperscale quantum compute — and KiloFab, the world’s largest dedicated quantum open architecture fab

QuantWare, the leading industrial quantum processor company, today announced a $178 million (€152 million) Series B equity funding round following the announcement of VIO-40K™, a quantum processor architecture for 10,000 qubits, 100x larger than the state of the art today. The company is building KiloFab, the world’s largest dedicated quantum open architecture fab, increasing the company’s production capacity by 20x to meet strong global customer demand.

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QuantWare co-founders Matthijs Rijlaarsdam (CEO) and Alessandro Bruno (CTO), pictured outside of QuantWare's KiloFab facility in Delft, Netherlands.

QuantWare is the only company that designs, fabricates, and integrates modular quantum processors on an open architecture at an industrial scale. Its proprietary VIO™ technology — a modular Quantum Processor Architecture — allows the creation of the world’s most powerful quantum processors that provide the most compute per Watt.

Designed as an open platform that can scale the qubit chiplets and designs of third parties, VIO™ unlocks the most powerful quantum processing units (QPUs) for the entire industry. QuantWare serves the global quantum supply chain through QuantWare-designed QPUs, foundry services, and chiplet packaging — enabling all quantum computing companies to scale on QuantWare’s VIO™ architecture.

To date, QuantWare has shipped to more than 50 customers across 20 countries, making it the world’s largest commercial QPU supplier by volume. QuantWare's customers span quantum computing companies, national technology institutes, and major global technology conglomerates.

New investors joining the round include Intel Capital, IQT and ETF Partners, with existing investors participating including FORWARD.one and Invest-NL Deep Tech Fund, InnovationQuarter Capital, Ground State Ventures, and Graduate Ventures. The round was heavily oversubscribed and is the largest private round raised by a dedicated quantum processor company to date.

“In superconducting quantum computing, scale is increasingly constrained by routing, packaging, and manufacturability—not just qubit design,” said Kike Miralles, Intel Capital. “QuantWare recognized that early and built VIO to address it. That combination of technical ambition and execution positions them to become the company on which the future of superconducting quantum systems will be built.”

"Building a global compute hardware company requires immense ambition. The QuantWare team has that drive, and with their VIO technology, they hold the key to leading the high-growth quantum industry. As one of their earliest backers, we are proud to continue our support in what is now the world’s largest funding round for a dedicated quantum processor company," said Robin van Boxsel, General Partner at FORWARD.one.

“Quantum computing is on the verge of an inflection point and is a strategic priority for nations around the world,” said J.D. Englehart, Senior Director, IQT. “QuantWare has both the breakthrough scaling technology in VIO, as well as the requisite industrial capability in KiloFab. The company is poised to play a key role in shaping the global quantum supply chain.”

"The promise of quantum computing, capable of solving humanity's intractable challenges, can only happen once it can be manufactured and deployed at scale. That is exactly what we are building," said Matt Rijlaarsdam, CEO and co-founder of QuantWare. "VIO-40K will deliver 10,000-qubit processors on an open architecture that the entire ecosystem can build on, and KiloFab gives us the industrial production capacity to meet rapidly growing global demand. This fundraise accelerates QuantWare, and in doing so, advances the entire ecosystem toward hyperscale quantum compute."

About QuantWare

QuantWare is the dedicated quantum processor company. Founded in 2021 by Matt Rijlaarsdam and Alessandro Bruno as a spinout from QuTech at TU Delft, the company designs, fabricates, and integrates quantum processors on VIO™ — the QPU architecture to scale superconducting qubits to utility-scale quantum computing — for the entire ecosystem. QuantWare has shipped more quantum processors than any other commercial supplier, serving more than 50 customers across 20 countries. QuantWare is funded by investors including Intel Capital and IQT and is headquartered in Delft, the Netherlands.

www.quantware.com

About Intel Capital

Over three decades, Intel Capital has invested more than US $20 billion in the future of compute, funding standout, early-stage startups across four key areas of the tech ecosystem; Silicon, Frontier, Devices and Cloud. Intel Capital-funded companies created more than US $170 billion in market value in the past 10 years. For more information, visit www.intelcapital.com or follow @Intelcapital.

About IQT

IQT is the not-for-profit strategic investor the U.S. national security community and America's allies have relied upon for 25+ years to anticipate their technology questions and needs and achieve solutions. IQT identifies, evaluates, and leverages emerging commercial technologies to deliver best-in-class capabilities, insights, and other services to government partners through a unique global investment platform. For more information, visit www.iqt.org.

About ETF Partners

Founded in 2005, ETF Partners (The Environmental Technologies Fund) is Europe's original venture capital firm dedicated to sustainability and impact investing. For twenty years, we have established a leading position in promoting sustainability through innovation. ETF Partners is founded on the conviction that entrepreneurship and innovation are critical in addressing the global challenges presented by the climate crisis. We are committed to fostering and supporting Europe's ecosystem of pioneering entrepreneurs who are creating innovative solutions capable of making a profound environmental impact. We believe in the transformative power of aligning profit with purpose in order to build a more sustainable future. Visit: www.etfpartners.capital

About FORWARD.one

Founded in 2017, FORWARD.one is a venture capital firm dedicated to industrial technology. With a team combining entrepreneurial, engineering, and financial expertise, the firm has become one of Europe’s most commercially-oriented and top-performing technology investors.

Driven by a tough-love ethos and bold, non-conformist bets, FORWARD.one has demonstrated that exceptional commercialization builds winners that generate outstanding returns. With Funds I and II ranking among the top 5% of European VC funds, the firm is a coveted partner for founders building Europe’s next industrial champions.

Forward.One. Serious about performance.
www.forward.one

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