Delft-based Orange Quantum Systems raises €12M in an oversubscribed seed round, the largest in the Netherlands' quantum computing sector.
The round was led by Icecat Capital, with support from various funds like Cottonwood Technology Fund and QBeat Ventures.
Orange Quantum Systems plans to use the funds to build faster test machines for quantum chips, aiming to reduce testing time from weeks to days.
Faster testing will enable chip makers to double the number of reliable quantum bits, driving progress towards a quantum version of Moore’s Law.
Testing quantum hardware is crucial as chips become more complex, demanding scalable, accurate, and affordable testing solutions.
Orange Quantum Systems addresses testing challenges with OrangeQS MAX, a system designed for speed, automation, and scalability in quantum chip testing.
The company aims to halve the test time per qubit every two years by continuously improving their testing process.
OrangeQS MAX allows leading quantum computer manufacturers to release 30-50% of their R&D teams from test equipment duties.
Orange Quantum Systems, founded in 2020 as a spin-off of TNO and QuTech, develops solutions for automated quantum chip testing.
The company's products, including OrangeQS MAX and OrangeQS FLEX, enhance testing capabilities for quantum chips in various research and industry settings.
The company envisions supporting global leaders in quantum computing with innovative test systems, preparing for a quantum-driven future.
OrangeQS aims to provide high-throughput test solutions for the latest generation of quantum chips once error-corrected quantum computers become a reality.