Orange Quantum Systems raises €12 million seed round

Our portfolio company Orange Quantum Systems is doing exciting work to transform the field of quantum chip testing. And now they’ve closed an oversubscribed €12 million seed round.

We backed OrangeQS at its earliest stage, and we’ve joined the seed round, which was led by Icecat Capital and also supported by Cottonwood Technology Fund, QBeat Ventures, and InnovationQuarter Capital.

With a focus on accelerating the testing of quantum chips, OrangeQS’s flagship test product, OrangeQS MAX, sets new industry benchmarks for high‑volume, standardised quantum‑chip testing. Europe’s leading quantum‑computer builder, IQM, is an early customer.

Meanwhile, the OrangeQS FLEX and OrangeQS Juice products are being used in academic and industrial quantum R&D labs across the USA and Europe.

The new funds will be used to build even faster test machines that check quantum chips in days rather than weeks. We’re excited to work with OrangeQS on its path to becoming an essential part of the quantum computer supply chain.

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Meanwhile, our portfolio company QuantWare has extended its previously announced Series A round with an additional $4.5 million, oversubscribing it to $27 million.

This follows strong interest from customers and investors, reflecting the company's commercial momentum and recent technological progress with VIO, a breakthrough technology that solves key bottlenecks in scaling quantum processors, paving the fastest way to quantum computers with over one million qubits in a single processor.