QphoX a Delft, The Netherlands-based company quantum transduction company, raised €2m in funding.
The round was led by Quantonation, Speedinvest and High-Tech Grunderfonds, with participation from TU Delft.
The company intends to use the funds to develop reasearch into a commercial product that will serve as the gateway to the quantum internet.
Led by Simon Gröblacher, CEO, QphoX has developed the Quantum Modem, a device that will allow quantum computers to talk to one another by leveraging “quantum internet.”
The company will develop the Quantum Modem it conceived at Delft University of Technology (TU Delft) into a commercial product, combining the fields of quantum computing and quantum communication. By networking separate processors together, the modem will let quantum computers scale beyond 10’s or 100’s of qubits, enabling them to process complex tasks inaccessible to traditional computers.