Orange Quantum Systems (OrangeQS) today announced it has successfully closed a €12 million seed funding round. This significant investment was led by Icecat Capital, with participation from Cottonwood Technology Fund, QBeat Ventures, QDNL Participations, and InnovationQuarter Capital. The newly acquired capital will be instrumental in developing next-generation quantum chip test equipment for leading quantum computing companies, aiming to enable exponential scaling in quantum computers, akin to Moore’s Law.
This €12 million seed round represents the largest seed investment to date within the Netherlands’ burgeoning quantum computing sector. OrangeQS welcomes new investors Icecat Capital, the specialized quantum fund QBeat Ventures, and InnovationQuarter Capital, while also acknowledging the continued support from Cottonwood Technology Fund and QDNL Participations, who were also participants in OrangeQS’s pre-seed round in 2023.
Quantum computing is a rapidly evolving field, and as the underlying chips become increasingly complex, a critical challenge has emerged: the necessity for scalable, precise, and cost-effective quantum chip testing. OrangeQS addresses these challenges with a comprehensive product suite designed to streamline quantum chip testing across the entire value chain.
Enabling industrial-scale quantum chip testing for manufacturers and advanced R&D labs
OrangeQS’s flagship product, OrangeQS MAX, establishes new industry benchmarks for high-volume, standardized quantum-chip testing. Europe’s leading quantum computer builder, IQM, will utilize this system in Espoo, Finland, to accelerate its quantum chip development.
For academic and industrial R&D teams, OrangeQS FLEX offers customizable chip-testing solutions. This system is currently employed by quantum research laboratories at the Karlsruhe Institute of Technology (Germany) and the University of Napoli (Italy), among others.
Furthermore, R&D labs such as the Advanced Quantum Testbed at Berkeley Lab (USA), Chalmers Next Labs (Sweden), and QuTech (The Netherlands) are actively testing OrangeQS Juice, an open-source operating system that enables users to seamlessly manage their complete quantum research setup within a single environment.
Powering exponential growth in quantum chip manufacturing
OrangeQS plans to invest the €12 million in fresh funds into building next-generation test equipment capable of characterizing quantum chips in days rather than weeks. By removing this critical bottleneck, OrangeQS aims to assist leading chipmakers in their efforts to consistently double the number of reliable quantum bits (“qubits”) on a chip every few years – thereby setting the stage for the quantum equivalent of Moore’s Law.
The strong interest from investors in this new funding round reinforces OrangeQS’s ambition to become the global leader in testing solutions for the rapidly developing quantum chip market.
Garrelt Alberts, one of our founders and executive director at OrangeQS:
“We are excited to see such strong support from the investment community. This funding round not only validates the critical importance of our technology but also enables us to accelerate our product roadmap, delivering the testing solutions essential to the emerging quantum computing industry as it advances toward building powerful quantum computers that benefit society.”
