QphoX, a quantum transduction company in Netherlands has raised €8 million in its latest funding round to bring the world’s first Quantum Modem™ device to the market that would connect quantum computers across a quantum network. The investment is reported to be the largest one made in a quantum company in Netherlands to date.
The funding round was led by QDNL Participants, alongside participants from the EIC Fund, and existing investors Quantonation, Speedinvest, High-Tech Gründerfonds, and Delft Enterprises. This substantial investment marks a significant step towards creating the country’s fast- growing quantum industry.
QphoX is focused on developing the core hardware required for enabling quantum computers to communicate via an optical network. “Our technology will form the backbone of the future quantum internet,” says Simon Groeblacher, founder and CEO of QphoX. This disruptive technology enables the scalability of large quantum computing systems within data centers or even between distant data centers, setting the foundation stone to drive the development of the quantum internet.
In 2021, QphoX had raised €2 million funding to make significant advancements in its technology, bringing mature quantum computers within reach. The new fund of €8 million will further accelerate product development, making QphoX’s technology prepared for integration into commercial systems.
QphoX’s core technology centers on coupling microwave and optical photons through a mechanical intermediary resonator, a process that is fully coherent and works bi-directionally. The transducers convert quantum information between the microwave domain and optical telecom frequencies to allow low-loss and high-fidelity transmission of quantum states.
QphoX has emerged as a front-runner, initiating a number of breakthroughs in its technology recently. Its world-leading transducer performance in Nature Nanotechnology has positioned QphoX as a leader in the emerging field of quantum transduction.