Intel’s VC Arm Backs QuantWare, a Dutch Startup Making Quantum Computing Chips

Dutch startup QuantWare is raising €152 million ($178 million) in a round led by Intel Corp.’s venture capital arm to build a production facility for quantum computing processors.

Intel Capital is leading the fundraising alongside Dutch investment firm Forward.one, QuantWare said in a statement on Tuesday. IQT, a fund started by the Central Intelligence Agency, also participated, alongside ETF Partners and several Dutch funds.