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Dutch DeepTech startup OrangeQS raises €12 million for its quantum chip testing
- Dutch DeepTech startup Orange Quantum Systems has closed an oversubscribed €12 million Seed round, the largest in the Netherlands' quantum computing sector.
- The round was led by Icecat Capital, with support from Cottonwood Technology Fund, QBeat Ventures, QDNL Participations, and InnovationQuarter Capital.
- Orange Quantum Systems focuses on developing solutions for automated testing and characterisation of quantum chips, aiming to transition to industrial-grade quantum computers.
- Their products streamline quantum chip testing and address challenges related to scalability, precision, and cost-effectiveness.
- OrangeQS MAX, their flagship product, sets new industry benchmarks for high-volume, standardised quantum-chip testing.
- OrangeQS FLEX offers customisable chip-testing solutions, used by various research labs globally.
- OrangeQS Juice, an open-source operating system, simplifies quantum research setup management for labs.
- The investment of €12 million will be used to build faster test machines for quantum chips, reducing testing time from weeks to days.
- OrangeQS aims to help chip makers double the number of reliable quantum bits every few years, analogous to Moore's Law in classical computing.
- This investment reflects the importance of Orange Quantum Systems' technology for the advancement of quantum computing.
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