(SiliconCanals) The quantum tech QphoX company has raised €2M in a fresh round of funding led by Quantonation, Speedinvest, and High-Tech Gründerfonds, with TU Delft also participating.
Simon Gröblacher, CEO & co-founder of QphoX, says, “Thanks to this investment, we will be able to create and provide the missing link between quantum computers and the quantum internet, and further help scaling quantum processors to realise their computing power.”
QphoX is a developer of quantum modems and transducers. The company has developed the Quantum Modem, a “breakthrough” device that will allow quantum computers to talk to one another by unlocking the potential of the ‘quantum internet’. QphoX says it is the first company to take quantum transduction beyond university labs.
Rick Hao, Principal with Speedinvest’s Deep Tech team, says, “ We want to invest in seed-stage deep technology startups that shape the future and QphoX is well-positioned to make a major impact. Over the next couple of years, there will be rapid progress in quantum computers. Quantum Modem, the product developed by QphoX, enables the development of quantum computers that demonstrate quantum advantage by combining separate quantum processors.
TU Delft participates in QphoX via Delft Enterprises. Investment Director Ronald Gelderblom says, “Quantum technology is one of the main focus areas of our university. TU Delft not only conducts ground-breaking research into quantum computing and quantum internet but wants to make an impact for a better society as well. That is why we support the development of spin-off companies that aim to realise the promise of quantum technology. We are proud of the QphoX founding team, and we are happy that this investment enables them to realise their ambitions.”