A month of quantum tech in one place

We like to keep you up to date with what’s happening in the quantum sector. So, here’s our roundup, including our own portfolio and the wider industry.

We’ve got more new additions to the QDNL Participations family to announce soon, so look out for more updates as our portfolio continues to expand.

– Ton

Portfolio news

• We announced our first US portfolio investments in the past month. The first was SiC Systems, which is at the forefront of harnessing quantum tech to integrate autonomous AI agents with physical systems. They have also published their latest research at the intersection of quantum computing and machine learning.

• Quantum Elements was our second US investment announcement. It has announced the launch of its AI-native quantum development platform.

• EuQlid is our third US investment announcement, a quantum tech company working to deliver a breakthrough 3D imaging solution for semiconductor and battery product development and manufacturing.

• QuantWare, fresh from its recent $27 million Series A round, continues to make impressive leadership hires. In the past month, it has announced Jean-Pierre Pennacino as CFO,  and Aparna Prabhakar has joined the board as a non-executive member. Meanwhile, the company has opened operations in South Korea and its Contralto-A quantum processor won a Quantum Effects Award 2025 for Best Quantum Hardware.

• Qphox has teamed up with Welinq and Sorbonne Université to form a joint initiative called Meet Q, which is focused on realizing optical quantum interconnects to enable hybrid scalable quantum networking.

• QT Sense has been awarded a subsidy of nearly €2 million by the Just Transition Fund to lead a project aimed at significantly improving colorectal cancer diagnostics using the company’s groundbreaking quantum sensing tech.

• Q*Bird has won a Deloitte Technology Fast 50 Rising Star Award, which recognises the most promising tech startups in the Netherlands. The company was also highlighted in a white paper from the World Economic Forum and Accenture, showcasing its project to secure communications at the Port of Rotterdam.

• Qblox chief operating officer Eric Kievit was named as one of 11 quantum startup operators to watch in Europe by Sifted.

Quantum momentum

More recent developments from the world of quantum tech:

• Google Quantum AI has acquired Atlantic Quantum, an MIT-spinout developing superconducting quantum hardware, to accelerate its work on developing error-corrected quantum computers. This will help Google build on the momentum from its Willow quantum processor, which caused great excitement late last year. Google recently claimed Willow has achieved quantum advantage over a classical supercomputer.

• Xanadu will list on the Nasdaq via a $3.6 billion SPAC deal with Crane Harbor Acquisition Corp.

• Quantinuum’s new funding round is now oversubscribed at $800 million, with a $10 billion valuation, after Fidelity International made its first investment in the company

• …and Quantinuum has also unveiled its latest quantum computer, Helios. It sports 98 physical qubits, can deliver 48 logical error-corrected qubits, and uses a new programming language that makes it easier to write algorithms to run on it. JPMorgan Chase is among the companies that have been using Helios in a private preview.

• QCi has raised $750 million through an oversubscribed private placement led by the company’s largest shareholders. The funds will be used to accelerate commercialization and drive expansion.

• The European Union is in talks with potential anchor investors for a €5 billion tech fund that will back companies working on strategic technologies such as quantum computing, Bloomberg reports.

• IBM reported that it has successfully run its advanced quantum error-correction algorithm on off-the-shelf AMD hardware, running 10 times faster than needed to keep pace with a quantum computer. This highlights how classical computing can have a role to play in the advancement of quantum computing, as Izhar Medalsy of our portfolio company Quantum Elements explained to TechNewsWorld.

• New York State has announced a $300 million investment to establish a Quantum Research and Innovation Hub at SUNY Stony Brook, which is planned to be “New York’s premier facility dedicated to leading-edge research and education in quantum science and technology, with a particular focus on quantum communication and networking.” The facility is slated to open in 2029.

Look out for more news from QDNL Participations soon.