We are excited to announce that planqc, the European leader in digital atom-based quantum computing, has secured €50 million in financing. This significant Series A investment is led by the European Family Office CATRON Holding and the DeepTech & Climate Fonds (DTCF), with additional support from Bayern Kapital, the Max-Planck Foundation, private investors, existing investors UVC and Speedinvest, and a non-dilutive grant from Germany’s Federal Ministry of Education and Research (BMBF). This financing will enable us to continue our groundbreaking work in the field of quantum computing.
“This latest investment round is a strong endorsement of our technology as a leading platform for quantum applications. The substantial backing places us in a perfect position to take on global competitors with our ‘Made in Germany’ quantum computers, targeting an emerging market valued at billions of euros.”
Alexander Glätzle, CEO and co-founder of planqc, is leading the charge in advancing the development of industry-relevant quantum computers.
planqc’s technology, based on award-winning research at the Max-Planck-Institute for Quantum Optics (MPQ), is poised to revolutionize the quantum computing industry. The new financing will be used to establish a quantum computing cloud service and develop quantum software for applications in industries such as chemistry, healthcare, climate-tech, automotive, and finance.
Today, planqc is leveraging quantum machine learning to tackle climate simulations and develop more efficient batteries for electric vehicles, showcasing the potential impact of their work.
“We are thrilled to invest in a startup that not only leads in high-impact technology but also enables further breakthroughs in most pressing global computational challenges across various industries by offering access to the technology in form of a quantum cloud computing service. planqc’s impressive track record in securing contracts – in particular the DLR Tender – and public grants within just 18 months of operations underscores the company’s role as a frontrunner in the quantum computing sector both in Europe and globally.
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