Tech Company Financing Transactions
Orange Quantum Systems Funding Round
Orange Quantum Systems closed a $1.6 million investment round on 9/5/2023. Investors included Cottonwood Venture Partners and QDNL Participations.
Transaction Overview
Company Name
Announced On
9/5/2023
Transaction Type
Venture Equity
Amount
$1,610,000
Round
Undisclosed
Proceeds Purpose
The firm builds quantum chip test equipment that takes on the current modus operandi - that is, a testing procedure bottleneck that only grows smaller by the day. This process often involves a cryogenic lab facility and a team of dedicated quantum engineers, a logistical and technical feat by any measure.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
House of Quantum at the Delftech park Elektronicaweg 10
Delft, 2628 XG
NL
Delft, 2628 XG
NL
Phone
Undisclosed
Website
Email Address
Overview
Orange QS offers products to test quantum chip performance. Creating the test equipment and protocols needed to obtain relevant information about this performance requires extensive developer time and expertise. Herein lies the bottleneck. Our easy-to-use tools provide our customers with fast and reliable testing of quantum chips. Our products are the result of a close connection between our proprietary testing protocols and carefully selected measurement and control hardware components. All these developments enable us to deliver industrial-scale quantum chip testing with high throughput.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Garrelt Alberts
Co-Founder
Thorsten Last
Co-Founder
Adriaan Rol
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