QuantrolOx Secures €10.5 Million ($10.2M USD) in Funding

The funding is being provided to QuantrolOx by the European Innovation Council which is providing the funds as an upfront grant of €2.5 million ($2.4M USD) and an additional €8 million ($7.8M USD) as a matching equity investment when the QuantrolOx receives an equivalent investment from an outside source. QuantrolOx is developing automated machine learning based control software that will tune, stabilize, and optimize qubits for better performance. The software can monitor and adjust dozens of different parameters every microsecond and is intended to be technology agnostic and applicable to all types of quantum technologies. The company is expected to formally launch its product in 2023. Additional information is available in a LinkedIn posting from QuantrolOx that you can see here.

October 15, 2022