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Prosper planet pulse
Home»Entrepreneurship»Quantum computing startup planqc raises €50 million
Entrepreneurship

Quantum computing startup planqc raises €50 million

prosperplanetpulse.comBy prosperplanetpulse.comJuly 8, 2024No Comments2 Mins Read0 Views
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Munich, Germany – Newsaktuell – July 8, 2024 – planqc, the European leader in digital atom-based quantum computing, announces it has secured €50 million in funding. The large Series A investment is led by European family office CATRON Holding and DeepTech & Climate Fonds (DTCF). Additional financial support comes from Bayern Kapital, the Max Planck Foundation, other private investors, existing investors UVC and Speedinvest, and includes a non-dilutive grant from the German Federal Ministry of Education and Research (BMBF).

From left to right: Alexander Glätzle (co-founder and CEO, planqc), Johannes Zeiher (co-founder and chief scientist, planqc), Sebastian Blatt (co-founder and CTO, planqc) Copyright Dirk Bruniecki

From left to right: Alexander Glätzle (co-founder and CEO, planqc), Johannes Zeiher (co-founder and chief scientist, planqc), Sebastian Blatt (co-founder and CTO, planqc) Copyright Dirk Bruniecki

“This latest investment round is a strong endorsement of our technology as a leading platform for quantum applications,” said Alexander Glätzle, CEO and co-founder of planqc. With this strong backing, we are perfectly positioned to target emerging multi-billion euro markets and take on global competitors with quantum computers made in Germany.”

PlanQC Individual Built on award-winning technology the study The Max Planck Institute for Quantum Optics (MPQ) Industry Related Quantum computer. The new funding will be used to establish quantum computing cloud services and develop quantum software for applications in industries including chemical, healthcare, climate technology, automotive and finance.Currently, planqc is already using quantum machine learning to work on climate simulation and developing more efficient batteries. Electric car.

Dr. Torsten L.öFullerPlanqc, Investment Director at DTCF, said: “We are pleased to invest in a startup that is not only leading a high-impact technology, but also enabling further breakthroughs in some of the most pressing global computing challenges across a range of industries by providing access to the technology in the form of quantum cloud computing services. planqc has an impressive track record of winning contracts (notably the DLR tender) and public grants just 18 months after starting up, highlighting the company’s role as a pioneer in the quantum computing field both in Europe and globally.”

The issuer is solely responsible for the content of this announcement.



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