A quantum technology company OrangeQS has raised €1.5M in pre-seed funding to develop fast quantum chip test equipment. The funding round was co-led by QDNL Participations and Cottonwood Technology Fund. The company has been developing diagnostic tools for the quantum R&D market for three years. The new investment, along with an EIC Accelerator grant, will enable the development of advanced quantum chip testing equipment. The company’s Industry Systems will offer an affordable and efficient alternative to in-house testing solutions. The funds will be used to develop the next generation of quantum chip test equipment for the emerging quantum industry.
Quantum Chip Testing Company Raises €1.5M Pre-Seed Funding.
OrangeQS specialising in quantum chip testing, has raised €1.5M in pre-seed funding. The funding round was jointly led by QDNL Participations and Cottonwood Technology Fund. The company has been operating for three years, during which it has developed and delivered diagnostic tools for the quantum research and development market. The new funding, along with the EIC Accelerator grant, will enable the company to develop advanced quantum chip testing equipment.
The Need for Efficient Quantum Chip Testing
As the development of quantum chips transitions from research labs to industrial fabrication facilities, the need for efficient testing of these chips becomes increasingly critical. Currently, testing a small quantum chip can take weeks, requiring a full cryogenic quantum lab and a team of dedicated quantum engineers. The move to an industrial setting only intensifies the requirements of the cryogenic test environment, while also demanding significantly shorter test times per chip.
The Company’s Solution: Fast and Affordable Test Equipment
To address this challenge, the company is developing test equipment that offers an easy, affordable, and fast alternative to in-house testing solutions. This approach mirrors that of the semiconductor industry, where Automated Test Equipment (ATE) companies focus on building test equipment. However, the testing of quantum chips requires specific quantum expertise, which the company possesses.
Despite this being the company’s first round of external funding, it has been commercially operational for three years, selling products and executing subsidised projects. The company has grown to a full-time team of 17 people and has established its cryogenic lab facilities in Delft. It has also made its Quantum Diagnostics Libraries available as a product for the research and development market, and launched the Orange Rack, a stack of control electronics integrated with the Quantum Diagnostics Libraries.
The funds will be used to develop the company’s next generation of quantum chip test equipment for the emerging quantum industry. This equipment will provide a turnkey solution optimised for high-throughput qubit testing, meeting the needs of the rapidly evolving quantum industry.
Summary
The company has secured €1.5M in pre-seed funding to develop advanced quantum chip testing equipment, aiming to streamline the transition of quantum chip development from research labs to industrial fabrication facilities. The new equipment will offer a faster, more affordable alternative to in-house testing solutions, providing the emerging quantum industry with a turnkey solution optimised for high-throughput qubit testing.
- A quantum technology company has secured €1.5M in pre-seed funding to develop advanced quantum chip test equipment. The funding round was co-led by QDNL Participations and Cottonwood Technology Fund.
- The company has been operating commercially for three years, providing diagnostic tools for the quantum R&D market. It now aims to support the emerging quantum industry.
- The investment, along with an EIC Accelerator grant, will enable the company to create highly capable quantum chip testing equipment.
- As quantum chip development transitions from research labs to industrial fabrication facilities, the need for efficient testing becomes more critical. Currently, testing a small quantum chip can take weeks and requires a full cryogenic quantum lab and a team of quantum engineers.
- The company’s Industry Systems will offer a quick, affordable, and easy alternative to in-house testing solutions. This approach is similar to the semiconductor industry’s use of Automated Test Equipment (ATE).
- The company has a full-time team of 17 people and its own cryogenic lab facilities in Delft. It has also launched the Orange Rack, a stack of control electronics integrated with Quantum Diagnostics Libraries, and plans to further develop this for superconducting devices and other qubit platforms.
- The new funds will be used to develop the next generation of quantum chip test equipment for the emerging quantum industry, providing a turnkey solution for high-throughput qubit testing.
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