Quantum Pioneer QphoX Secures €8M in Funding Round

In an exciting leap toward the quantum future, QphoX, a pioneering quantum computing company based in Delft, The Netherlands, has successfully raised a substantial €8M in funding.

The funding round, orchestrated by QDNL Participations and boasting participation from the EIC Fund, marks a pivotal moment for the quantum computing realm, with continued support from existing investors including Quantonation, Speedinvest, High-Tech Gründerfonds, and Delft Enterprises.

At the helm of this groundbreaking endeavor is CEO Simon Groeblacher, leading QphoX in its quest to revolutionize quantum communication.

The company’s ambitious goal is to introduce cutting-edge products that will play a crucial role in shaping the future of quantum computing.

QphoX’s pièce de résistance is its Quantum Modem device, a technological marvel designed to seamlessly link quantum computers across a quantum network.

Picture this as the birth of the quantum internet, where quantum computers communicate over room-temperature optical interconnects.

This quantum leap in technology opens the door for scalable quantum computing systems within data centers, setting the stage for what could be the backbone of the future quantum internet.

Simon Groeblacher, exuding confidence in QphoX’s unique position, expressed gratitude to investors, stating, “We are very grateful to be entrusted by our investors to build the technology that will enable real quantum computing applications.”

He emphasized that QphoX is currently the sole entity with transduction hardware performing at a level that facilitates quantum systems to connect through optical quantum channels.

The heart of QphoX’s innovation lies in developing core hardware that not only allows quantum computers to communicate effectively but also paves the way for the scalability of large quantum computing systems.

This is a monumental step beyond proof-of-concept systems, showcasing the company’s dedication to bringing quantum computing applications to the forefront of technological advancement.

The QphoX Funding is not just about financial support; it signifies a collective vision toward propelling quantum computing into a new era. With these funds, QphoX is poised to propel its Quantum Modem device from concept to reality, making waves in the industry and pushing the boundaries of what’s possible in the quantum realm.

As we witness the birth of the quantum internet, QphoX stands as a beacon of innovation, backed by a formidable coalition of investors who share the company’s vision.

The QphoX Funding isn’t merely an injection of capital; it’s a catalyst for a quantum revolution that promises to reshape the technological landscape.

The journey toward a quantum future has just gained momentum, and QphoX is at the forefront, leading the charge.

ALSO READ: Quantinuum Secures $300 Million in Equity Funding

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