Finnish startup S-Transistors raises $2.9M to scale quantum computers with superconducting transistors
● 6 hours ago
Finnish startup S-Transistors has raised €2.6 million in pre-seed funding to develop superconducting transistor technology for quantum computing. The company, which spun out of VTT Technical Research Centre of Finland, is creating integrated circuits that combine computational power with ultra-low power dissipation.
The technology addresses a critical scaling challenge in quantum computers: today's systems require multiple power-hungry cables per qubit running from cryogenic processors to room-temperature electronics. S-Transistors' solution operates at cryogenic temperatures alongside quantum processors, offering more energy-efficient control.
Lifeline Ventures led the round, joined by an angel investor. The funding will support prototype development, establish a cryogenic laboratory, set up a manufacturing pilot line, and expand the team.
The company's first product, a superconducting-transistor-based multiplexer, will ship to early customers within its first year of operation.
Source: news.cision.com