Munich startup planqc secures €50M for ‘Made in Germany’ quantum computers

Quick Summary:

A mere 18 months after its founding, the startup has already scaled its digital atom-based technology to over 1,000 qubits — something that puts it on par with industry giant IBM.

The company is a spinout from the Max Planck Institute, and its technology was built at the Institute’s Quantum Optics (MPQ) department.

German quantum computing startup planqc yesterday announced a Series A raise of €50mn.

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Article Details

Author / Journalist: Linnea Ahlgren

Category: Technology

Markets: NetherlandsGermany

Topics: Europe Startups and technology Deep tech Investors and funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-09 @ 12:15:32 (1 weeks ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 793 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Next Web

News ID: 21554529

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