Finnish deep tech startup raises new round to bring unique qubit tuning software to market
Summary
Anglo-Finnish company that spun out from the University of Oxford, QuantrolOx has collected 3.5 million in a seed round led by Nordic deep tech VC fund Voima Ventures. Simply put, the software enables scientists to spend more time actually using quantum computers, rather than always fixing them. By automating the tuning, stabilisation, and optimisation of qubits, QuantrolOx is removing a key bottleneck in scaling of quantum computers thus allowing businesses to properly harness the true advantages of quantum computing.In order to bring their new product to market and gain customer traction, QuantrolOx raised a new seed round of 3.5 million. In addition to the funding round, QuantrolOx has also received the prestigious EIC accelerator financing package of 10.5m and is mentioned as a company of strategic importance to Europe.As Finland has quickly become one of the capitals of the European quantum ecosystem, QuantrolOx has moved its headquarters to Finland to properly take advantage of the excellent talent pool and support from the Finnish and European agencies. With an innovation enabling increased uptime and efficiency, QuantrolOxs is paving the way to truly scalable quantum computers, says Jussi Sainiemi, Partner at Voima Ventures.