Quantum Delft news
DTXL invests in quantum scale up Del3 Circuits in round of 6.3 M€.
Delft-based quantum-computing company Delft Circuits has completed a €6.3M series A round, with DeepTechXL (DTXL) leading the investment. Existing partners HTGF | High-Tech Gründerfonds, QuVest Capital and Scholt Group also contributed.
September 7th, 2023
DELFT, NETHERLANDS – Scale up Delft Circuits is a high-tech supplier in the emerging quantum industry. Its unique cabling platform Cri/oFlex® uses thin flexible superconducting circuits for data transfer into the quantum system. This is a critical driver in scaling up quantum technologies, and Cri/oFlex® was recently referenced by DARPA as the world’s state of the art.
Delft Circuits has delivered hundreds of Cri/oFlex® cabling solutions worldwide. Its customer base ranges from global Blue chip corporations active in quantum, leading national laboratories, universities, start- and scale-ups and government agencies, such as NASA2. Originating as the first quantum computing startup from the Delft-based quantum hub, which emerged around QuTech, Delft Circuits has now more than 40 employees, 400 square meters of (cleanroom) fabrication floorspace and delivers its products to five continents.
Together with current investors, which includes the seed investor High-Tech Gründerfonds, they announce a series A investment of 6.3 M€ in Delft Circuits, of which DTXL contributes 5 M€ for upgrading and further upscaling of the product on capacity and organization of Delft Circuits.
“We are thrilled to partner with Delft Circuits, a trailblazing company in the quantum computing industry. Their cryogenic cable technology platform represents a pivotal step towards unlocking the full potential of quantum computing, and we are excited to be a part of this groundbreaking journey”
– Guus Frericks, founder and managing partner of DTXL
With DTXL – a 100 M€ deep tech venture capital fund – Delft Circuits has found a partner to accelerate its growth in the quantum industry. Deep Tech XL is backed by partners such as ASML, Philips, PME pension fund, RVO Seed Capital, and others. Thereby, DTXL is deeply embedded in the Eindhoven-based network of world leading high-tech hub around ASML and Philips, known as Brainport. The investment will be used primarily to upgrade the production capacity and to finance the necessary growth of the team.
With this partnership Delft Circuits has the backing with capital, know how, and network, from the strong European-based global hub of high-tech players. The involvement of major players in the semiconductor industry, will not only accelerate Delft Circuits and its customers, but is a critical development for the quantum industry. The combination of funding and hands-on support will allow Delft Circuits to scale up its operations and expand the Cri/oFlex® technology platform. In the next generation cutting edge quantum systems, cabling is becoming a massive bottleneck, of which Delft Circuit’s technology is uniquely positioned to tackle.
About Delft Circuits
Delft Circuits is a Dutch scale up located in Delft, that designs and develops i/o cabling solutions for the quantum industry. Delft Circuits is dedicated to supplying the best hardware for the quantum engineer and industry. So far, they have realised hundreds of i/o modules, for almost a hundred customers.
Other investors in Delft Circuits include QuVest Capital, Scholt Group and High Tech Gründerfonds (HTGF).
Read more at Delft Circuits
