VC investment in quantum computing has dropped by 50% last year According to the 'State of Quantum 2024' report, funding has shifted in favor of Generative AI, falling from $2.2 billion to $1.2 billion by 2022. However, government spending on quantum is expected to reach $40 billion over the next decade. Now a new VC European fund hopes to capitalize on that trend.
idiosyncratically named. QDNL entries A €25 million proposed €60 million global fund for early-stage quantum startups has reached its first close.
However, QDNL plans to expand outside the country and invest more internationally.
The company's previous €15 million funding round included Qblox, QuantWare, The focus is on the Dutch quantum ecosystem, which has backed startups including QphoX and Q*Bird.
Speaking to TechCrunch, Ton van't Noordende, general partner at QDNL Participations, said: “Quantum is a global field. We've done incredible research over the past decade, and we've seen a new startup ecosystem emerge with 600 or more companies. In the last two or three years, over $42 billion has been invested by over 20 governments. So infrastructure, Clean rooms, facilities and technology We built the infrastructure to make it safe.”
The appearance of QDNL is the latest sign that the Netherlands is working to become a major quantum computing ecosystem, and the government (with financial support from the EU) has already backed the entire so-called initiative. As much as Delta NLAlso happens to be an investor in QDNL.
His team includes quantum computing pioneer Chad Rigetti and London-based quantum VC Kris Kaczmarek, who joined as an investment director at quantum VC firm 2xN. They are advisors, Nadia Carlsten (CEO of the Danish Center for AI Innovation) and Charles Marcus of Washington University.
Quantum computing is off to a rough start to the year, with Mark Zuckerberg and Nvidia's Jensen Huang both sounding off. downbeat Time for Quantum to arrive. But Nvidia did a quick turnaround. was announced. Quantum exclusive Nvidia Day for its upcoming event in March.