According to Techfundingnews, quantum chip developer QuantWare has completed a $178 million Series B round led by Intel Capital and IQT. The company plans to build the world’s largest quantum chip factory and scale its quantum processors to approximately 10 times the size of current commercial products. Founded in 2021, QuantWare has shipped products to more than 50 customers across over 20 countries and is among the world’s largest suppliers of commercial QPUs.
QuantWare Completes $178M Series B Round to Build the Largest Quantum Chip Factory
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Summary
QuantWare has secured $178 million in project funding, with Intel Capital and IQT leading the Series B round. The quantum chip developer will use the funds to build the world’s largest quantum chip factory and scale its processors to ten times current commercial sizes. Since its founding in 2021, QuantWare has delivered quantum processing units to over 50 clients in more than 20 countries, establishing itself as a leading QPU supplier. The funding aligns with growing interest in real-world assets (RWA), as advancements in quantum computing gain momentum in enterprise and financial applications.
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