QphoX Secures €8 Million ($8.7M USD) Funding to Advance Quantum Modem Expertise for Quantum Web

Dutch quantum computing firm QphoX has secured €8 million in funding, marking the biggest funding in a quantum firm within the Netherlands thus far. The spherical, led by QDNL Participations, included participation from the EIC Fund, together with present traders Quantonation, Speedinvest, Excessive-Tech Gründerfonds, and Delft Enterprises. This substantial funding follows a grant from the EIC Accelerator, supporting the event of QphoX’s disruptive quantum know-how.

QphoX is targeted on creating important {hardware} for enabling quantum computer systems to speak by way of an optical community, a tool they name a Quantum Modem. This breakthrough know-how facilitates the scalability of enormous quantum computing programs inside information facilities and even between distant information facilities, forming the muse for the long run quantum web. Latest advances, together with optical-frequency readout of superconducting qubits and main transducer efficiency detailed in Nature Nanotechnology, place QphoX as a outstanding participant in quantum transduction.

The €8 million funds will speed up product improvement, getting ready QphoX’s know-how for integration into industrial programs. QphoX CEO Simon Groeblacher emphasizes the importance of their transduction {hardware}, enabling quantum programs to attach via optical channels. Chad Rigetti, Enterprise Accomplice at QDNL Participations, expresses pleasure over QphoX’s potential to reshape large-scale quantum computing and the quantum web. For added data, you may entry the corporate’s supplied press launch right here.

January 17, 2024