SemiQon raises €17.5m for ultra-cold quantum electronics
SemiQon in Finland has raised €15m of equity funding from the EIC Accelerator on top of a €2.5m grant for its cryogenic electronics for quantum systems.
This follows €3.5m in January as part of EQUSPACE, a research consortium aimed at developing a complete silicon-based quantum information system using acoustic spin qubits.
This new funding will be used to grow its cryogenic CMOS product-line. The European Innovation Council and SMEs Executive Agency (EISMEA) granted funding to SemiQon’s Cool-CHIPS project following a 3-stage evaluation process in the EIC Accelerator programme.
Cryo-CMOS multiplexing for quantum spin qubits
“The strong customer demand for the cryo-CMOS will allow us to diversify our business to domains with faster commercial traction than quantum computing. This funding helps us to take our cryo-CMOS product from current TRL6 (Technical readiness level) to TRL8 within the next two years as we initiate product testing with our customers at their product environment,” said Himadri Majumdar, CEO of SemiQon, a spin out of VTT.
The company aims to start generating revenue through its cryogenic CMOS products in other markets but while developing the support electronics for scalable, sustainable, and cost-effective quantum processors in quantum computer.
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
