Delft-based Qblox secures €24.2M to help quantum computer builders reach industrial  applications

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Delft-based Qblox, a provider of scalable and modular quantum control stacks, announced on Thursday that it has secured $26M (approximately €24.2M) in a Series A funding round led by Quantonation and Invest-NL Deep Tech fund.

Others, including QDNL participations and the European Innovation Council (EIC), also participated in the round.

The recent capital injection will enable the Dutch company to expand its research and development efforts, accelerate product development, and further strengthen its market position.

Additionally, the funds will be used to expand its team to meet growing demand and drive future growth.

“This Series A funding marks a significant milestone in Qblox’s journey to drive quantum innovation forward,” says Niels Bultink, co-founder and CEO of Qblox.

Image credits: Qblox

Qblox: Provider of proprietary control stack technology

Founded by Niels Bultink and Jules Van Oven as a spinoff of QuTech, Qblox is a provider of scalable and modular quantum control stack — Cluster.  

The cluster combines key technologies for qubit control and readout with a modular solution supporting a wide variety of customers and qubit platforms.

“It has always been clear to us that quantum technology should be seen as a value chain where we work with dedication on one crucial layer of the stack, currently serving over one hundred customers. Almost uniquely in the industry,  this has allowed us to grow the company exponentially fueled by revenue rather than investments,” adds Bultink.

The Qblox team consists of over 95 members and continues to advance hardware and software that are agnostic to qubit types, sophisticated, and scalable to support operations on thousands of qubits.

The investors

Quantonation is the first early-stage VC fund dedicated to deep physics and quantum technologies. The VC aims to support their transition into commercially available products.

Quantonation is headquartered in  Paris, France, and Boston, USA, and it has investments in Europe, North America, and Asia-Pacific.

“We have closely followed Qblox’s impressive journey over the past four years. Their achievements  have been remarkable, and we are thrilled to invest in Qblox alongside Invest NL to help accelerate  their transition to the industrial market,” comments Oliver Tonneau, Partner of Quantonation.”

“Their expertise in control stack development and their unique modular and scalable technology make them a standout player in the field. We look forward to seeing the impact of this investment on their continued progress,” adds Tonneau.

Invest-NL is the Dutch National Promotional Institute with a principal focus on providing financial solutions to businesses and projects that require a long-term investment horizon and have a positive impact on society.

“Investing in quantum technology is crucial for pioneering complex technologies that provide solutions to societal challenges. We believe that Qblox is well-positioned to shape the future of quantum computing,” stated Yvonne Greeuw, Investment Manager at Invest-NL.

“We are impressed by the team and proven track record of innovation and growth, demonstrating their ability to make a significant impact in the industry. We at Invest-NL are excited to be a part of their journey,” adds Greeuw.

Vigneshwar Ravichandran

Vigneshwar has been a News Reporter at Silicon Canals since 2018. A seasoned technology journalist with almost a decade of experience, he covers the European startup ecosystem, from AI and Web3 to clean energy and health tech. Previously, he was a content producer and consumer product reviewer for leading Indian digital media, including NDTV, GizBot, and FoneArena. He graduated with a Bachelor's degree in Electronics and Instrumentation in Chennai and a Diploma in Broadcasting Journalism in New Delhi.

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