Sonarworks ASIO driver failed to initialize

I’ve been trying to use ‘SoundID Reference for Headphones’ in Renoise with ‘Audient EVO4 ASIO Driver’ selected as the output in the SoundID.

Next, I try to choose “Sonarworks ASIO Driver” as the device in Renoise (as I should, stated in this guide), but it gives the following error:

image

Choosing the Audient EVO4 ASIO driver works but then I can’t use Sonarworks. So it would be great if there was a solution to this. Any help would be appreciated.

EDIT: Tried the same procedure on Ableton and there are no problems.