Intel Backs Dutch Startup Making Chips for Quantum Computers

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.

Matt Rijlaarsdam, QuantWare’s chief executive officer, said he aims to open the new manufacturing site near the company’s headquarters in Delft by the end of the year. He declined to share the ...