Quantum Computing startup planqc raises 50 million euro

Share
from left to right: Alexander Glätzle (planqc co-founder & CEO), Johannes Zeiher (planqc co-founder, Principal Scientist), Sebastian Blatt (planqc co-founder & CTO) copyright Dirk Bruniecki
from left to right: Alexander Glätzle (planqc co-founder & CEO), Johannes Zeiher (planqc co-founder, Principal Scientist), Sebastian Blatt (planqc co-founder & CTO) copyright Dirk Bruniecki

Munich, Germany — planqc, the European leader in digital atom-based quantum computing, proudly announces the securement of €50 million financing. This substantial Series A investment is led by the European Family Office CATRON Holding and the DeepTech & Climate Fonds (DTCF). Additional financial support is provided by Bayern Kapital, the Max-Planck Foundation, further private investors, existing investors UVC and Speedinvest and it includes a non-dilutive grant from Germany’s Federal Ministry of Education and Research (BMBF).

Alexander Glätzle, CEO and co-founder of planqc: "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."

planqc's unique technology, built on award-winning research at the Max-Planck-Institute for Quantum Optics (MPQ), aims for rapid advancement in the development of industry-relevant quantum computers. The new financing will be utilized to establish a quantum computing cloud service and to develop quantum software for applications in industries such as chemistry, healthcare, climate-tech, automotive, and finance. Today, planqc is already using quantum machine learning to work on climate simulations or more efficient batteries for electric vehicles.

Dr. Torsten Löffler, Investment Director at DTCF: "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.

Contacts

Felix Mohring
planqc@piabo.net

Images

from left to right: Alexander Glätzle (planqc co-founder & CEO), Johannes Zeiher (planqc co-founder, Principal Scientist), Sebastian Blatt (planqc co-founder & CTO) copyright Dirk Bruniecki
from left to right: Alexander Glätzle (planqc co-founder & CEO), Johannes Zeiher (planqc co-founder, Principal Scientist), Sebastian Blatt (planqc co-founder & CTO) copyright Dirk Bruniecki
Download

Subscribe to releases from news aktuell GmbH

Subscribe to all the latest releases from news aktuell GmbH by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from news aktuell GmbH

Med TSS till Turkiet - ett av de mest populära studie-resmålen globalt11.7.2024 10:34:02 CEST | Pressmeddelande

Unika antika ruiner och vidsträckta stränder vid det glittrande havet, pittoreska gamla städer och stor gästfrihet: Allt detta och mycket mer erbjuder Turkiet. Ett verkligen underbart resmål. Och från början en av de viktigaste pelarna i TSS Travel Service Scandinavia breda studieresa-portfolio. Spektakulära höjdpunkter och ett förstklassigt pris-prestandaförhållande bidrar till att efterfrågan på Turkiet-resor hos TSS ökar kraftigt efter corona-krisen. Redan mer än en halv miljon TSS-kunder har kunnat spendera härliga semesterdagar med studieresaarrangören där. TSS-gästerna strövar genom en fantastisk natur och beundrar den extraordinära kulturella mångfalden. De övernattar på utvalda stjärnhotell med bästa komfort - ofta med egen strand vid de exklusiva gratis förlängningarna. Anledningen till att TSS kan glädjas åt den högsta kundnöjdheten i Turkiet beror också på det professionella reseledarteamet. För de är verkliga landkännare med mycket hjärta och förstånd. Det passar perfekt me

Revolutionary Partnership Announced: How Wandarra and PAPACKS® Aim to Turn the Tide on Plastic Waste in Australia10.7.2024 09:10:00 CEST | Press release

Townsville, North Queensland, July 10, 2024 – Wandarra, an innovative ag-tech solutions firm based in Townsville, North Queensland, and PAPACKS®, a global leader in sustainable packaging based in Cologne, Germany, are excited to announce a strategic partnership via a recently executed Memorandum of Understanding (MoU). The parties are currently working together to formalize the Australia-APAC exclusive IP licensing agreement with the target end date intended over the next few weeks. This partnership aims to transform the packaging industry across Australia and the Asia-Pacific, reducing plastic waste and supporting environmental sustainability by leveraging Wandarra’s regional resources and PAPACKS®’ cutting-edge technologies. Wandarra, based in the eco-friendly hub of Townsville near the Great Barrier Reef, capitalizes on its robust and efficient logistics network to distribute innovative hemp-based products. This location underscores Wandarra’s commitment to environmental stewardship

Naumann Foundation opens Human Rights Hub in Geneva / German Federal Minister of Justice Dr. Buschmann: "The brave need support."10.7.2024 09:00:00 CEST | Press release

10.07.2024 Geneva On July 10, the Friedrich Naumann Foundation for Freedom officially opens its Human Rights Hub in Geneva. The Human Rights Hub will be a hub for the promotion of freedom and human rights worldwide. Journalists, lawyers, activists - many are committed to the universal defense of human rights. In doing so, they often put their own freedom or lives at risk. Freedom is not free - it must be defended by liberal societies and single individuals. Dr. Michaela Lissowsky will serve as the hub’s director. Anne Brasseur, former President of the Parliamentary Assembly of the Council of Europe and member of the Board of the Friedrich Naumann Foundation for Freedom: "Geneva is the world capital of human rights and the rule of law. This is where people come together, network, become visible and have their voices heard. All over the world, people are threatened, imprisoned or tortured if they want to express their opinion, argue their case in court or report critically. Standing up f

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
HiddenA line styled icon from Orion Icon Library.Eye