Finnish startup secures €2.78 million seed round to tackle quantum computing’s hardware challenges

Espoo-based quantum hardware startup Coherence Quantum has raised €2.78 million in a seed funding round led by Helsinki-based Lifeline Ventures, with participation from technology entrepreneur Mårten Mickos.

Coherence Quantum develops cryogenic signalling and control technology for quantum processors.

The startup emerged from research conducted at Aalto University’s Quantum Computing and Devices group, which focuses on quantum technologies and the devices needed to implement them.

The €2.78 million seed round will help Coherence Quantum establish an R&D laboratory in Espoo, develop its first product prototypes and manufacturing processes, and expand its team.

Coherence Quantum is going after a fundamental part of that problem,” said Petteri Koponen, Founding Partner of Lifeline Ventures.