Dutch quantum company QphoX has raised a €8 million funding round in a major development for the country’s fast-growing quantum industry. It is the largest investment in a quantum company in the Netherlands to date.
Why you need to know this:
QphoX’s hardware enables quantum computers to communicate over an optical network, which represents a significant advance in the scalability of such computing systems.
Scalability of quantum computing systems
QphoX is developing the core hardware needed for quantum computers to communicate over an optical network. This will enable the scalability of large quantum computing systems within a data centre and eventually form the backbone of the future quantum internet.
Accelerating product development
Since raising €2 million in 2021, QphoX has made significant advances in its technology, including recent developments that bring advanced quantum computing within reach. The new funds will be used to accelerate product development and prepare QphoX’s technology for integration into commercial systems, while continuing initial pilot projects with customers and partners.
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