Kike Miralles, Investment Director, Intel Capital

Kike Miralles, Investment Director, Intel Capital

🎙 Yuval Boger 👥 229 📅 December 22, 2025 ⏱ 28 min 👁 211 📄 expert opinion 🧭 2026-08-16
Available in: English (current) Français

Keywords

quantum computinginvestment thesishardwaremiddlewarelogical qubits

Summary

In this podcast episode, Yuval Boger interviews Kike Miralles, an investment director at Intel Capital, about corporate venture investing in quantum technologies. Miralles discusses Intel Capital’s focus on quantum hardware and middleware, explaining that they invest primarily in Series A and B rounds with check sizes typically between $5-15 million. He shares his views on different quantum modalities, considering photonics a wild card and favoring atomic platforms for their early scaling advantage, while noting solid-state platforms face manufacturing challenges. He highlights emerging trends such as QPU scale-out networking, hybrid classical-quantum error correction, and the rapid shift to logical qubits as a key metric. Miralles emphasizes the importance of technical understanding for investors, the role of government as a customer, and the potential for consolidation in the quantum ecosystem. He also discusses the balance between PR and realistic claims, and the intersection of quantum with AI and HPC. The conversation concludes with Miralles expressing surprise at how quickly the industry has adopted logical qubits and his choice of Richard Feynman as a dinner guest.

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Critical Evaluation

Value of the Information & Strength of the Argument

The value of the information lies in the insider perspective of a corporate venture capitalist specializing in quantum. Miralles provides practical insights into investment criteria, check sizes, and stage preferences, which are valuable for entrepreneurs and investors. He also offers nuanced opinions on technical trade-offs between modalities and the importance of middleware. The argumentation is coherent and well-reasoned, though it is based on personal experience and opinion rather than empirical data. He acknowledges uncertainties and avoids overhyping, which adds credibility.

Scientific Rigor, Source Quality, Title Accuracy

The scientific rigor is moderate; the speaker is a trained physicist and investment professional, but the content is largely anecdotal and lacks citations. No external sources are mentioned, and the description provides no links. The title accurately reflects the content, and the discussion stays on topic. The lack of sources limits the ability to verify claims, but the speaker’s expertise lends some authority.

158 words

Title / Content Match

The title accurately reflects the content, which is an interview with Kike Miralles about quantum investing.

Quality & Reliability

7/10

The speaker is a quantum physicist and investment director at Intel Capital, providing informed opinions on quantum technology investments. However, the content is primarily opinion and lacks detailed technical depth or citations.

Key Moments

Contribution & Novelties

The interview provides a unique perspective from a corporate VC on quantum investing, highlighting practical aspects like check sizes, stage preferences, and the importance of middleware. It also offers insights into the rapid shift to logical qubits and the potential for consolidation. The discussion of scale-out networking as an emerging trend is particularly timely.

Pour aller plus loin :

94 words

Radar Profile

The radar profile shows a balanced performance across all dimensions, with slightly higher scores in information quantity and quality, reflecting the expert's ability to provide substantive content. The technical level is moderate, suitable for a general audience, while reliability is supported by the speaker's credentials.

Reliability 7/10