Dutch quantum‑chip maker Quantware closed a $178 million Series B round, co‑led by Intel Capital and VC Forward.One. Backers also included IQT, ETF Partners and several Dutch funds. The raise ranks among Europe’s largest quantum financings, trailing only Finland’s IQM and France’s Pasqal. Capital will fund an industrial‑scale fab slated to open later this year.

Quantware spun out of Delft‑based QuTech in 2021 and claims its architecture packs qubits 100‑fold denser than conventional designs by routing signals more efficiently. Current processors top out near 100 qubits; the firm unveiled a roadmap for a 10k‑qubit processor slated for delivery in 2028. By attaching chips together, it aims to reach the hundreds‑of‑thousands of qubits needed for full‑scale quantum computers.

With the new fab, Quantware expects production capacity to rise twentyfold, allowing it to supply both its own chips and the underlying architecture to other quantum vendors. Over 50 customers across 20 countries already significantly use its processors, signalling growing demand for scalable hardware. The infusion of Intel’s backing positions the startup to become a key supplier as the industry moves toward commercial quantum advantage.