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With the introduction of Ocelot by Amazon Web Services, Majorana by Microsoft, and Willow by Google, major IT corporations are not sleeping on quantum processors. Despite the fact that any of these may be regarded as innovations, quantum entrepreneurs frequently concentrate on more useful developments, and they continue to make headway.
One such is the Dutch business QuantWare, which was established in 2020 and says that their technology is already powering quantum computers for clients in 20 countries. Reducing difficulties in Quantum processing units (QPUs) is the main emphasis of its main product, VIO.
Although more qubits, which are the quantum counterpart of bits, are what everybody in the area of quantum computing is aiming for, combining more qubits on a single device is more potent yet less vulnerable to errors than connecting multiple smaller machines together. Matthijs Rijlaarsdam, the CEO of QuantWare, claims that the company’s patented 3D chip design, VIO, “is the missing link in scaling up QPUs.”
Read More:Microsoft’s Quantum Chip Breakthrough: A Threat to Encryption
The €5 million fairness part of the €7.5 million it got earlier from the European Creative thinking Council following its €6 million seeds complete is part of the €20 million capital raise (roughly $19.27 million) that QuantWare, a spinout of the University of Delft, as well as its associated study establish, QuTech, has now increased.
Aside from European finance, Dutch state-owned company Invest-NL Deep Tech Fund and local economic growth organization InnovationQuarter led together this all-equity circular, securing QuantWare’s place as a leader in the Netherlands’ expanding quantitative environment.
QuantWare’s personnel and technology, which was recently improved, will be scaled with the additional funding: The business said in February that it will take reservations for its initial quantum error correcting QPU, Contralto-A.
QuantWare strives for a roadmap-focused approach, whereas Google’s Willow computer introduced quantum correction of errors to the public’s attention. Contralto-A boasts that it is “almost twice as large as rival products that are currently accessible,” and it is built to be upgraded to larger VIO-powered QPUs.
The competition to determine who has the biggest QPUs using many qubits is also being fought by big IT businesses. However, the race is additionally about generating quantum technology widely available to everyone as quickly as possible, from the standpoint of entrepreneurs that run the danger of not surviving for very long without earning any money.
Regarding that, QuantWare is taking two approaches: selling QPUs that it has built and letting other businesses utilize its technology through its Fabrication and Packing Services. The additional funds will also be used to expand VIO’s chip-fabrication capabilities as well as accelerate its development.
Read More: Quantum Computing for Business Leaders
Several financially secure quantum businesses, including Alice & Bob, which recently received $104 million, are among the consumers in addition to research organizations. Two of them are also collaborating with the Dutch firm on the creation of technological advances and products: SEEQC, which disclosed $30 million in additional investment in January, and Quantum Machinery, which raised $170 million in the past month.
Although Microsoft is also in the race, it is too soon to predict which of these businesses, if any, will develop a quantum infrastructure that can produce a million qubits. According to Microsoft’s Majorana statement, the timeline is “within years, not centuries.”
Rijlaarsdam told the potential of quantum to address significant, large-scale issues is what’s at risk.
According to him, “quantum computers will be capable of resolving an extensive and important group of issues that even a gigawatt AI ensemble won’t have the capacity to.” “We are developing these systems for that reason. Examples include quantum system computations for the development of better materials, the identification of novel catalysts for the degradation of microplastics, or the enhancement of fertilizing durability.
However, QuantWare, a proponent of quantum open construction, is not concerned with who will construct these million qubit devices; instead, it intends to play a role in accelerating their development using VIO.
