Amsterdam’s QDNL Participations Rebrands as Ground State Ventures, Secures Over €75.2M for Early-Stage Quantum Fund

quantumcomputingreport.com Jul 10, 2026

Amsterdam’s QDNL Participations Rebrands as Ground State Ventures, Secures Over €75.2M for Early-Stage Quantum Fund

Curated by Shubham · TechCapsules · Jul 10, 2026

AI-summarised brief · reviewed before publication

Amsterdam-based venture capital firm QDNL Participations has rebranded as Ground State Ventures and secured over €75.2 million for its first early-stage quantum technology fund. The firm, founded in 2022 by Ton van ‘t Noordende, is expanding its investment focus from the Netherlands to Europe and the U.S. Its portfolio includes companies like Qblox and QBird, and it has added Chad Rigetti, former CEO of Rigetti Computing, as a partner to support its global growth strategy.

💡 Why It Matters

· The rebranding and funding success signal growing institutional confidence in quantum technology’s commercial potential.
· By scaling its reach and deepening technical expertise, Ground State Ventures is positioning itself to shape the next phase of quantum innovation beyond academic incubation.

Read full article on quantumcomputingreport.com

QuTech Launches Open-Architecture Tuna-17 Superconducting Processor on Quantum Inspire Cloud Platform

QuTech, a joint TU Delft and TNO quantum research center, has launched the Tuna-17 superconducting quantum processor on the Quantum Inspire cloud platform. The 17-qubit system, featuring 24 tunable couplers, is the third in a 12-month development cycle and offers open, uncapped access to researchers worldwide. It supports error correction and integrates with open-source tools like Qiskit and PennyLane, with future plans for a 28-qubit version.

💡 The Tuna-17 launch accelerates European quantum innovation by providing a standardized, open-hardware platform that bridges academic research and industry-ready components. Its modular design and collaboration with multiple Dutch firms help establish a self-sufficient quantum ecosystem, reducing reliance on foreign technology.

quantumcomputingreport.com · Jul 10

QIZ Security Raises $17M Seed Round to Scale Enterprise Cryptographic Posture Platforms

QIZ Security announced a $17 million seed round led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8 and Qino Cyber Capital. The funding will be used to extend its unified cryptographic governance and discovery platform, which provides continuous, agent‑less mapping of on‑premises, cloud and hybrid cryptographic assets and automates remediation of weak ciphers and expired certificates. The solution targets enterprises facing “Q‑Day” pressure—federal deadlines that require preparation for quantum computers capable of breaking RSA and ECC. QIZ’s architecture integrates via APIs with major cloud and security vendors such as Google Cloud, AWS, IBM, Cisco and Deloitte, and already serves over 100 organizations. Co‑founders Ben Volkow, Lenny Ridel and Dr. Itan Barmes bring experience from Deloitte’s global quantum‑readiness program to steer the startup’s post‑quantum compliance roadmap.

💡 By automating cryptographic inventory and remediation at scale, QIZ gives enterprises a practical path to meet imminent quantum‑readiness mandates before vulnerable legacy keys become exploitable.

quantumcomputingreport.com · Jul 10

Shanghai Quantum Sensing Intelligence Secures Tens of Millions of Yuan in Angel…

Shanghai Quantum Sensing Intelligence Technology Co., Ltd., a spin‑out from Shanghai Jiao Tong University’s Quantum Sensing Research Institute, closed an angel round led by Futeng Capital with co‑investment from Liuhe Venture Capital, raising “tens of millions of yuan.” The funding will expand small‑batch trial production, grow the team and install micro‑fabrication modules for aerospace, military and energy‑infrastructure customers. The firm’s core offering is a room‑temperature photonic quantum enhancement module that boosts signal‑to‑noise ratios without cryogenic cooling, enabling miniature inertial gyroscopes the size of a rice grain and trace‑gas detectors for power‑grid substations. Both products have passed field trials and third‑party certification, and the company plans to embed edge‑AI for real‑time sensor analytics.

💡 By delivering quantum‑grade precision in a portable, room‑temperature package, the startup unlocks high‑accuracy navigation and leak detection for sectors where traditional cryogenic systems are impractical.

spacenews.com · Jul 10

The space industry is weighing ambitious hiring against heritage

The space industry is experiencing a surge in venture capital funding for startups with little to no prior aerospace experience, challenging the traditional reliance on operational heritage. Companies like Orbital and Cowboy Space have secured millions in investment and achieved billion-dollar valuations despite lacking deployed hardware or founder backgrounds in rocket science. Investors are prioritizing ambitious concepts, such as orbital data centers, over proven track records. Analysts note that while hiring from legacy firms like SpaceX helps acquire indirect knowledge, it does not instantly confer the credibility required for high-stakes launch markets. However, severe launch capacity shortages and SpaceX’s near-monopoly have shifted investment criteria, driving capital toward new entrants like Stoke Space and Isar Aerospace. This trend reflects a broader market appetite for innovation, particularly in Earth observation and climate-focused technologies, where novelty often outweighs historical reliability in securing funding rounds.

💡 This shift decouples financial success from technical validation, creating a high-risk environment where capital flows to unproven concepts before hardware exists. It forces legacy players to compete not just on reliability, but on speed and innovation, fundamentally altering the industry's risk-reward calculus.

techcrunch.com · Jul 10

An AI agent startup just let its agent run its $100M fundraise

Lyzr, a three-year-old AI agent startup based in Jersey City, used its own AI agent, SivaClaw, to manage its $100 million Series B fundraising round. The system interacted with over 130 investors, drafted memos, and tracked engagement with presentation slides. The round, valuing the company at roughly $500 million, was largely funded by Silicon Valley, the Middle East, and financial-sector investors, with minimal direct involvement from the founders.

💡 The success of Lyzr’s AI-driven fundraising highlights the growing efficiency and scale of capital flows in the AI sector. It shows how startups with strong product-market fit can secure major funding with minimal traditional networking, reshaping the fundraising landscape.

thequantuminsider.com · Jul 10

QuantumDiamonds Raises €91 Million to Set The Global Standard For Next-Generation Chip…

QuantumDiamonds has raised €91 million to scale production of its quantum-based semiconductor inspection systems, combining €15 million in private investment with €76 million in European Chips Act funding. The company uses synthetic diamond quantum sensors to detect hidden chip defects non-destructively, aiming to boost manufacturing yields and lower costs. The funding will support expansion in Munich, workforce growth, and commercial deployments in the U.S. and Taiwan, with partnerships already secured with nine of the top ten global semiconductor manufacturers.

💡 QuantumDiamonds’ breakthrough in non-destructive nanoscale imaging offers a solution to a persistent bottleneck in chip manufacturing—hidden defects that reduce yield and increase costs. By enabling faster, more precise defect detection, the technology could redefine quality control in the industry, particularly as chips become more complex and 3D structures dominate production.