QuantWare: Quantum chip startup raises $6.3 million in fresh funds

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Chip startup QuantWare wants to become the Intel of quantum computing. Check out the redacted 9-slide pitch deck it used to raise $6.3 million.

The chip-making company wants to become the"Intel of quantum computing."A Dutch startup that wants to become the"Intel of quantum computing" just raised 6 million euros in fresh funds.

Rijlaarsdam set on accelerating the nascent industry and said selling parts instead of all-in-one quantum computers has helped to kick-start an ecosystem that is otherwise dominated by big tech companies like IBM and Google. There has long been a buzz around quantum computing but progress is iterative. QuantWare itself already has three chips on the market and will use the latest funding round to produce a 64-qubit processor dubbed Tenor. Classical computers store data in"bits," which are represented in just two states: 0 or 1.

 

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