"The additional €3 million comes from the European Innovation Council Fund, the investment arm of the EU's EIC that backs European deep-tech ventures, extending total funding to €15 million."
"The OrangeQS MAX Partnership Programme allows quantum chip manufacturers to influence specific parts of the MAX product and technology roadmap in exchange for a commitment to the platform."
"Each partner works independently with OrangeQS, keeping its intellectual property separate, while collectively steering the development of a test platform that needs to remain compatible with multiple hardware architectures."
"Quantum chips, whether superconducting or semiconductor-based, do not operate at room temperature. They require millikelvin cryogenic environments, highlighting the critical nature of the problem OrangeQS is solving."
OrangeQS, a Delft-based startup specializing in quantum chip testing, secured an additional €3 million from the European Innovation Council Fund, raising total funding to €15 million. The company launched the MAX Partnership Programme, allowing quantum chip manufacturers to influence the development of its high-throughput test equipment. Founding partners include Rigetti Computing, QuantWare, and Peak Quantum. Each partner maintains separate intellectual property while collaborating on a test platform compatible with various hardware architectures, addressing the critical need for quantum chips to operate in cryogenic environments.
Read at TNW | Startups-Technology
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