Finnish quantum startup SemiQon has raised €17.5 million ($18.3m) to support the development of cryogenic CMOS (complementary metal-oxide semiconductor) technology. €15m ($15.7m) was in equity and €2.5m ($2.6m) came from European Innovation Council grants.
SemiQon unveiled its first cryo-CMOS transistor optimized for cryogenic conditions, designed to operate at temperatures of 1 Kelvin or below, in November 2024. As well as quantum applications, the company said the chips could be used in high-performance computing (HPC) or space applications.
“The strong customer demand for the cryo-CMOS will allow us to diversify our business to domains with faster commercial traction than quantum computing,” said SemiQon CEO Himadri Majumdar. “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.”
