It is safe to say that quantum technology is a rapidly evolving field that holds the key to revolutionising several fields.
According to McKinsey’s high estimate, the quantum technology market is expected to grow up to $106B by 2040, over 3 Quantum Technology domains: Computing, Communication, and Sensing, reports InvestNL.
Investment in Quantum Technology has been steadily increasing in multiple advanced economies as its practical applications draw nearer, and the Netherlands is no exception.
The Netherlands boasts a robust quantum technology ecosystem and is home to over 14 existing or upcoming quantum companies. These companies require substantial funding, with estimates ranging from €1B to €2B to reach profitability.
However, the private investors have only contributed between €10 and €15M in total startup capital to Dutch quantum companies in recent years, says InvestNL.
To overcome this challenge, Invest-NL and the Dutch government are working to raise awareness among private investors and explore innovative funding models.
Earlier this year, €15M QDNL Participations fund was launched to circumvent that challenge for early-stage quantum tech startups in the country.
In other news, Quantum Delta Netherlands raised €60.2M in funding from The National Growth Fund (NGF) as the Dutch contribution to the trilateral agreement with France and Germany.
By bridging the funding gap, the Netherlands can maintain its position at the forefront of the quantum field and ensure the long-term success of its quantum companies.
In this regard, we have compiled a list of Dutch quantum startups that have raised funding in 2023.
Orange Quantum Systems
HQ: Delft
Fund raised in 2023: €1.5M
Orange Quantum Systems creates quantum chip test equipment to provide an easy, fast, and affordable alternative to in-house testing solutions for its industry customers.
The Dutch company is currently the only one that focuses on quantum chip testing. Its equipment measures the processing properties of qubits accurately.
Earlier this year in Las Vegas, the Delft-based firm launched the Orange Rack for the US quantum chip R&D market – a complete room temperature equipment stack that guarantees automation of quantum chip testing.
This automation uses the Quantum Diagnostics Libraries, a suite of proprietary software libraries for automated qubit testing that can also be licensed separately from the Orange Rack.
Delft Circuits
HQ: Delft
Fund raised in 2023: €6.3MÂ
Delft Circuits specialises in the quantum industry i/o cabling solutions.
It is committed to advancing quantum technologies by providing dedicated quantum hardware to enable innovations in quantum computing, communication, internet security, and sensing.
The Dutch company has developed Cri/oFlex technology, which enables large-scale data transfer over the thermal bridge.
It has been crucial in facilitating the growth and advancement of quantum technologies, including quantum computing, communication, and sensing, which require cooperation between cold and warm parts of the system.
More importantly, the company has managed to integrate all circuitry onto ultrathin, flexible superconducting circuits using semiconductor industry techniques.
The company aims to supply the quantum industry, academia, and national laboratories with the best tools, technology, and services, allowing their customers to focus on advancing quantum technologies.
QuantaMap
HQ: Leiden
Fund raised in 2023: €1.4M
Quantamap develops cutting-edge tools for metrology and defect inspection for quantum chips and other quantum hardware.
The Dutch company has built a microscope, based on IP-protected SQUID-on-tip technology, that will solve this and help enable the quantum revolution.
QuantaMap’s microscope enables quantum researchers and manufacturers to inspect chips in detail, providing insights into failures and improving production processes.
QuantaMap differentiates itself by combining cryogenic scanning technology with quantum sensors tailored for quantum applications.
By imaging temperature rise, electric currents, and magnetic fields at low temperatures, QuantaMap ensures optimal chip conditions without disturbing qubits or risking damage, offering an effective solution in the quantum computing space.
QuantWare
HQ: Delft
Fund raised in 2023: €1.4M
Founded by Dr. Alessandro Bruno and Matthijs Rijlaarsdam, QuantWare develops, designs, and fabricates scalable, superconducting quantum processors.
The Dutch company aims to become the ‘Intel of quantum computing’ by providing easy-to-use, increasingly powerful, and affordable quantum processors to organisations globally.
The Dutch company has developed a patented 3D technology that connects qubits vertically, allowing for the scaling of superconducting quantum processors to thousands of qubits and potentially achieving quantum advantage.
As a result, QuantWare enables third parties to build a quantum computer at a 1/10th of the cost compared to competing options by providing them with these processors.
Read the orginal article: https://siliconcanals.com/news/startups/dutch-quantum-startups-funding-2023/
