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Delft-based Qualinx, a fabless semiconductor company, announced on Thursday, October 19, that it has secured $10.2M (approximately €9.6M) in a Series A extension round of funding, bringing the company’s Series A total to $20M (approximately €18.9M).
The investment comes from existing investors FORWARD.one, InnovationQuarter Capital and Waterman Ventures, and includes an Innovation Credit facility from the Netherlands Enterprise Agency, RVO.
The Dutch startup says it will use the funds to complete the development of its second-generation GNSS IoT radio system-on-chip (SoC) and to commence mass production in 2024.
The announcement comes after raising $8.8M (approximately €8.3M) in a Series A round in February.