Topics
Latest
AI
Amazon
Image Credits:Bartlomiej Wroblewski / Getty Images
Apps
Biotech & Health
Climate
Image Credits:Bartlomiej Wroblewski / Getty Images
Cloud Computing
DoC
Crypto
Enterprise
EVs
Fintech
Fundraising
contrivance
Gaming
Government & Policy
Hardware
Layoffs
Media & Entertainment
Meta
Microsoft
privateness
Robotics
security measures
Social
blank
Startups
TikTok
Transportation
speculation
More from TechCrunch
issue
Startup Battlefield
StrictlyVC
newssheet
Podcasts
video
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
VC investment into quantum computing declined by 50%last yearaccording to the “ State of Quantum 2024 ” reputation , fell from $ 2.2 billion in 2022 to $ 1.2 billion , with fund switching in party favour of generative AI . However , government disbursal on quantum was predicted to hit $ 40 billion over the next decade . Now a new VC European fund hopes to capitalize on that trend .
The idiosyncratically namedQDNL Participationshas reached a € 25 million first tight on a proposed € 60 million global fund for early - point quantum startups .
However , QDNL plans to expand outside the country and make investments more internationally .
The business firm ’s previous € 15 million fund rivet on the Dutch quantum ecosystem , gage startups including Qblox , QuantWare , QphoX , and Q*Bird .
address to TechCrunch , Ton van ‘ t Noordende , general pardner at QDNL Participations , said : “ Quantum is a planetary field . There ’s been unbelievable enquiry done in the past ten or so and we ’ve seen the emerging of a new , startup ecosystem , with 600 or more party coming up . There ’s also been more than $ 42 billion invested by over 20 governments in the last two or three age . So this has built up the infrastructure , the clean room , the facilities , and fundamentally de - risking the technology . ”
QDNL ’s show is the belated planetary house that the Netherlands is making a play to be a key quantum computing ecosystem , and the government ( with EU financial patronage ) has already backed an entire initiative calledQuantum Delta NL , which also just pass off to be an investor in QDNL .
Its team include quantum computing pioneer Chad Rigetti as speculation partner in the U.S. and specialist quantum VC Kris Kaczmarek in London , who joined as investment director from quantum VC firm 2xN. They join advisors Nadia Carlsten ( CEO of the Danish Centre for AI Innovation ) and Charles Marcus of the University of Washington .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Quantum computing had a knavish start to the year with both Mark Zuckerberg and Nvidia ’s Jensen Huang soundingdownbeaton when Quantum would arrive . But Nvidia did a quick about - turn andannounceda quantum - exclusive Nvidia Day at its approaching event in March .
