QphoX, a Delft, The Netherlands-based quantum computing company, raised 8M in funding.
The round was led by QDNL Participations, alongside the EIC Fund, and existing investors Quantonation, Speedinvest, High-Tech Gründerfonds, and Delft Enterprises.
The company intends to use the funds to bring its first products to market.
Led by CEO Simon Groeblacher, QphoX is building a Quantum Modem device, to connect quantum computers across a quantum network. The startup’s technology will form the quantum internet, allowing quantum computers to interface at a distance through room-temperature optical interconnects. It is developing the core hardware required to allow quantum computers to communicate over an optical network. This will enable the scalability of large quantum computing systems within a data center, and ultimately form the backbone of the future quantum internet.
Commenting on the news, Simon Groeblacher said: “We are very grateful to be entrusted by our investors to build the technology that will enable real quantum computing applications. At the moment, we are the only company with the transduction hardware at a performance level that will allow quantum systems to connect through optical quantum channels. We look forward to working with our partners to scale quantum computers beyond proof-of-concept systems.”
FinSMEs
18/01/2024