Quantum technology company Qblox has secured $26 million in Series A funding, led by Quantonation and Invest-NL Deep Tech fund, with participation from QDNL participations and the European Innovation Council. The funding will be used to accelerate the development of Qblox’s quantum control stack, a crucial component in quantum computing. The company’s scalable hardware and software solutions are helping quantum computer builders globally reach industrial applications. Qblox’s CEO, Niels Bultink, sees this investment as a significant milestone in the company’s growth and its mission to enable industrial-scale quantum systems.
Qblox Secures Series A Funding for Quantum Control Stack Development
Qblox, a company at the forefront of quantum technology, has successfully completed its Series A funding round, raising $26 million. The funding round was led by Quantonation and Invest-NL Deep Tech fund, with additional participation from QDNL participations and the European Innovation Council (EIC). This funding round represents a strategic move for Qblox as it continues to push the boundaries of quantum control stack development.
Qblox’s focus is on the integration of highly scalable hardware and software solutions, which are instrumental in enabling quantum computer builders globally to reach industrial applications. The company’s commitment to this crucial layer of the quantum technology value chain has allowed it to serve over a hundred customers and grow exponentially, primarily through revenue rather than investments.
Niels Bultink, co-founder and CEO of Qblox, views the Series A funding as a significant milestone in the company’s journey to advance quantum innovation. He believes that this first equity investment will secure the company’s long-term growth and position Qblox as a key player in enabling industrial-scale quantum systems.
Investors’ Perspective on Qblox’s Journey
Investors have been closely monitoring Qblox’s progress over the past four years and have been impressed by their achievements. Oliver Tonneau, Partner of Quantonation, expressed his excitement about investing in Qblox and helping accelerate their transition to the industrial market. He highlighted Qblox’s expertise in control stack development and their unique modular and scalable technology as factors that set them apart in the field.
Invest-NL also sees the value in investing in quantum technology, recognizing its potential to pioneer complex technologies that can provide solutions to societal challenges. Yvonne Greeuw, Investment Manager at Invest-NL, commended Qblox’s team and their proven track record of innovation and growth. She believes that Qblox is well-positioned to shape the future of quantum computing and is excited to be part of their journey.
Utilizing the Series A Funding
The Series A funding will be used by Qblox to expand its research and development efforts, accelerate product development, and further strengthen its market position. The company also plans to expand its team to meet growing demand and drive future growth.
About Qblox and Its Quantum Control Stack Solutions
Qblox is a provider of scalable and modular quantum control stacks. The company operates at the frontier of the quantum revolution, supporting academic and industrial labs worldwide with quantum control electronics. The Qblox control stack, known as the Cluster, combines key technologies for qubit control and readout with a modular solution that caters to a wide variety of customers and qubit platforms.
The Qblox team, consisting of over 95 members, continues to innovate hardware and software that is qubit-type-agnostic, sophisticated, and scalable to support operations on thousands of qubits.
About the Investors: Quantonation and Invest-NL
Quantonation is the first early-stage VC fund dedicated to deep physics and quantum technologies. It aims to support the transition of these disruptive technologies into commercially available products. Quantonation is headquartered in Paris, France, and Boston, USA, and has investments in Europe, North America, and Asia-Pacific.
Invest-NL is the Dutch National Promotional Institute focused on providing financial solutions to businesses and projects that require a long-term investment horizon and have a positive impact on society. Its goal is to support the development of pioneering technologies, green initiatives, and social enterprises that contribute to the Netherlands’ leadership in sustainability and innovation.
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