QBlox raises $26 million to advance quantum computing research

By Team IO

Qblox, a Delft-based company developing quantum computing technology, has raised $26 million, closing its Series A funding round. The round was led by Quantonation and Invest-NL.

Qblox supplies dedicated, fully integrated quantum control stacks, a fundamental quantum computer part. In this way, quantum computers can be controlled efficiently without needing weeks of preparation or meters of electronic racks.

The funding will enable Qblox to expand its research and development efforts, accelerate product development, and further strengthen its market position. Additionally, the company will focus on expanding its team to meet growing demand and drive future growth.

Qblox ensures quantum computers are controlled quickly and reliably

Quantum computers are only at the beginning of their development, but can potentially mean a lot to our day-to-day life. Start-up Qblox from Delft supplies dedicated, fully-integrated quantum control stacks, which are a fundamental part of the quantum computer.

Driving quantum innovation forward

“This Series A funding marks a significant milestone in Qblox’s journey to drive quantum innovation forward, ” said Niels Bultink, co-founder and CEO of Qblox. “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. With our first equity investment, we secure our long-term growth, positioning Qblox as the enabler of industrial-scale quantum systems. “

“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, commented 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.”

“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 impact the industry significantly. We at Invest-NL are excited to be a part of their journey.”

Quantum technology professor Pepijn Pinkse: “The best time to get quantum security right was yesterday.”

His inaugural lecture took place early last month; in practice, Pepijn Pinkse has been working as a professor of quantum technology at the University of Twente (UT) for several years. His lecture focused on creating awareness around quantum security and the threat posed by quantum technology. “The best time to get quantum security right was yesterday,” he said.