Quantum Startup Qblox Secures Major Funding for Innovation
June 21, 2024, 9:32 am
Location: Netherlands, South Holland, Delft
Employees: 51-200
Founded date: 2018
Total raised: $31.96M
In a groundbreaking move, Delft-based quantum technology innovator Qblox has successfully closed a Series A funding round, securing a substantial €24.2 million investment. This significant milestone, led by prominent investors Quantonation and Invest-NL Deep Tech fund, signals a pivotal moment for Qblox as it accelerates the development of its cutting-edge quantum control stack.
Qblox's quantum control stack represents a crucial advancement in the field, integrating highly scalable hardware and software solutions. This innovative approach enables quantum computer builders worldwide to access industrial applications, revolutionizing the way quantum technology is utilized in various industries.
Niels Bultink, co-founder and CEO of Qblox, expressed his excitement about the Series A funding, highlighting the company's dedication to driving quantum innovation forward. He emphasized the importance of viewing quantum technology as a value chain, with Qblox focusing on a critical layer of the stack that serves over one hundred customers. This unique approach has allowed Qblox to achieve exponential growth fueled by revenue, setting the stage for long-term success and positioning the company as a key enabler for industrial-scale quantum systems.
The funding secured through this Series A round will play a vital role in expanding Qblox's research and development efforts, accelerating product development, and strengthening its market position. Additionally, the company plans to grow its team to meet the increasing demand for its innovative solutions and to drive future growth in the quantum technology sector.
Investment partners, including Quantonation and Invest-NL, have closely followed Qblox's impressive journey over the past four years. They are thrilled to support Qblox in its transition to the industrial market, recognizing the company's expertise in control stack development and its unique modular and scalable technology. The impact of this investment is expected to further propel Qblox's progress and solidify its position as a standout player in the quantum technology landscape.
As Qblox continues to push the boundaries of quantum innovation, the company's commitment to shaping the future of quantum computing is evident. With a proven track record of innovation and growth, Qblox is well-positioned to lead the way in pioneering complex technologies that provide solutions to societal challenges. The investment partners, including Quantonation and Invest-NL, are excited to be part of Qblox's journey and look forward to the transformative impact the company will have on the industry.
Qblox's quantum control stack represents a crucial advancement in the field, integrating highly scalable hardware and software solutions. This innovative approach enables quantum computer builders worldwide to access industrial applications, revolutionizing the way quantum technology is utilized in various industries.
Niels Bultink, co-founder and CEO of Qblox, expressed his excitement about the Series A funding, highlighting the company's dedication to driving quantum innovation forward. He emphasized the importance of viewing quantum technology as a value chain, with Qblox focusing on a critical layer of the stack that serves over one hundred customers. This unique approach has allowed Qblox to achieve exponential growth fueled by revenue, setting the stage for long-term success and positioning the company as a key enabler for industrial-scale quantum systems.
The funding secured through this Series A round will play a vital role in expanding Qblox's research and development efforts, accelerating product development, and strengthening its market position. Additionally, the company plans to grow its team to meet the increasing demand for its innovative solutions and to drive future growth in the quantum technology sector.
Investment partners, including Quantonation and Invest-NL, have closely followed Qblox's impressive journey over the past four years. They are thrilled to support Qblox in its transition to the industrial market, recognizing the company's expertise in control stack development and its unique modular and scalable technology. The impact of this investment is expected to further propel Qblox's progress and solidify its position as a standout player in the quantum technology landscape.
As Qblox continues to push the boundaries of quantum innovation, the company's commitment to shaping the future of quantum computing is evident. With a proven track record of innovation and growth, Qblox is well-positioned to lead the way in pioneering complex technologies that provide solutions to societal challenges. The investment partners, including Quantonation and Invest-NL, are excited to be part of Qblox's journey and look forward to the transformative impact the company will have on the industry.