QuantumDiamonds has raised €91 million, with €15 million in equity led by World Fund and €76 million in non-dilutive funding from the EU Chips Act.
So far, QuantumDiamonds is the only startup to receive manufacturing funding from the Chips Act. Other recipients have been established companies like GlobalFoundries and STMicroelectronics.
The Munich-based company has tested its diamond inspection technology with nine of the world’s ten largest chipmakers.
Europe makes about 10% of the world’s chips while using 20% of them. That math is why the European Commission just approved public funding for QuantumDiamonds, a three-year-old Munich startup, under a program it has so far reserved for the semiconductor industry’s biggest names.
The company has raised €91 million to scale production of its quantum-based chip inspection technology. €15 million of that is equity, led by World Fund, with participation from Bayern Kapital and existing investors IQ Capital, Earlybird, First Momentum, UnternehmerTUM, Creator Fund, and Onsight Ventures.
