PANews
PANews|May 05, 2026 13:14
[Quantum Chip Developer QuantWare Secures $178 Million in Series B Funding, Intel Capital Participates] According to Techfundingnews, quantum chip development company QuantWare announced the completion of a $178 million Series B funding round, marking one of the largest funding events in the quantum processor sector to date. The round was co-invested by Intel Capital, IQT, and others. The company plans to use the funds to build the world's largest dedicated quantum chip factory and to scale quantum processors to approximately 10 times the capacity of current commercial products, with a long-term goal of achieving a hundredfold expansion. Founded in 2021, QuantWare originated from QuTech and specializes in the design and manufacturing of quantum processing units (QPU). The company has already supplied products to over 50 clients across more than 20 countries, making it one of the largest commercial QPU suppliers globally in terms of shipment volume.
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