Startup company PlanQC secures 50 million euros for quantum computing endeavors.

Munich, Germany – planqc, a European leader in digital atom-based quantum computing, has recently announced the acquisition of €50 million in financing. This substantial 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, and private investors. Existing investors UVC and Speedinvest have also contributed, along with a non-dilutive grant from Germany’s Federal Ministry of Education and Research (BMBF).

“We are proud to have received this significant investment, which demonstrates the confidence in our technology as a leading platform for quantum applications,” said Alexander Glätzle, CEO and co-founder of planqc. “With this support, we are well-positioned to compete globally with our ‘Made in Germany’ quantum computers and tap into a market worth billions of euros.”

planqc’s unique technology, based on award-winning research from the Max-Planck-Institute for Quantum Optics (MPQ), is focused on advancing the development of industry-relevant quantum computers. The funding will be used to establish a quantum computing cloud service and develop quantum software for industries such as chemistry, healthcare, climate-tech, automotive, and finance. planqc is already utilizing quantum machine learning for projects like climate simulations and creating more efficient batteries for electric vehicles.

“We are excited to invest in a startup that not only leads in high-impact technology but also enables further breakthroughs in pressing global computational challenges across various industries,” said Dr. Torsten Löffler, Investment Director at DTCF. “planqc’s impressive track record in securing contracts, including the DLR Tender, and public grants within just 18 months of operations highlights the company’s role as a frontrunner in the quantum computing sector in Europe and globally.”

For more information, please contact Felix Mohring at

Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.

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