A VC Shares His 5-Layer Quantum Investing Strategy — with Intel Capital

About this episode

Kike Miralles from Intel Capital discusses his five-layer quantum investing strategy and insights into the quantum computing industry.

Explore the high-stakes world of quantum venture capital. Host Konstantinos Karagiannis sits down with Kike Miralles, Investment Director at Intel Capital . Moving beyond surface-level hype, Miralles introduces his “five-layer stack” philosophy — a strategic framework that evaluates everything from physical infrastructure and QPUs to middleware and end-user applications. He shares candid insights into why Intel Capital favors Series A and B rounds, how his background in physics helps him spot “miracles” required for a startup to succeed, and why he believes the quantum computing industry shifted gears so aggressively toward error correction and logical qubits in 2025. It’s a masterclass in “revenue realism” as Miralles discusses the complex transition from consulting-heavy pilots to scalable SaaS models in quantum. The conversation dives into the wiring bottleneck of solid-state platforms, the skepticism surrounding QKD versus post-quantum cryptography, and the potential for a killer app at the intersection of quantum simulation and AI in the pharmaceutical industry. Whether you are an entrepreneur looking to avoid red flags or a tech enthusiast curious about who might become the…

People in this episode

Host: Konstantinos Karagiannis

Guest: Kike Miralles

Topics covered

• quantum venture capital
• investment strategy
• quantum computing
• error correction
• scalable models
• pharmaceutical industry

Keywords

• quantum investing
• Intel Capital
• five-layer stack
• Series A and B
• revenue realism
• quantum computing industry
• error correction
• solid-state platforms
• quantum simulation
• AI

Mentioned in this episode

Organizations: Intel Capital, Protiviti

Products: QPU, SaaS, QKD, post-quantum cryptography, quantum simulation, AI

Places: 2025

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