Groove Quantum has secured €10 million ($11.8m) in funding through the European Innovation Council (EIC) Accelerator program, including a €2.5m ($2.95m) grant.
The company was one of 40 European ‘deep-tech’ startups to receive the funding.
Founded in 2024 by Anne-Marije Zwerver and Nico Hendrickx, and headquartered in Delft in the Netherlands, Groove Quantum is looking to address the scalability challenges associated with quantum computing through the use of germanium quantum technology.
Groove Quantum said it will use the funding to support the development of its quantum chips, which are based on germanium quantum technology. According to Groove, germanium qubits consist of just a transistor and have a “high quality, small footprint, and integrate seamlessly into existing semiconductor manufacturing processes.”
By combining germanium qubits with developments in the semiconductor industry, Groove said it is able to scale its quantum chips faster, providing additional robustness at a lower cost.
“From a thousand applicants, we were selected as one of the top 40 deep-tech startups in Europe,” the company wrote on LinkedIn. “This milestone enables us to keep scaling up qubit counts rapidly while maintaining state-of-the-art fidelities, bringing practical quantum computing closer to reality.“
Quantum companies Q*Bird and Quantum Dice also received funding in the EIC Accelerator round.
Read the orginal article: https://www.datacenterdynamics.com/en/news/groove-quantum-receives-10m-in-eic-funding-for-germanium-quantum-technology-development/