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High Tech Series A Founded 2022

planqc

planqc is a quantum computing company that builds scalable quantum computers using neutral atoms as qubits. Spun off from the Max Planck Institute of Quantum Optics as Munich Quantum Valley's first startup, planqc traps neutral atoms in optical lattices to create identical, well-isolated qubits with long coherence times and high-fidelity operations at scale. The company develops full-stack quantum solutions from…

📍 Garching, Germany · Quantum Computing

Funding snapshot

Last roundSeries A
Amount$59M
Date8 July 2024
Total raised$59M
Team size129

About

planqc is a quantum computing company that builds scalable quantum computers using neutral atoms as qubits. Spun off from the Max Planck Institute of Quantum Optics as Munich Quantum Valley's first startup, planqc traps neutral atoms in optical lattices to create identical, well-isolated qubits with long coherence times and high-fidelity operations at scale. The company develops full-stack quantum solutions from hardware to software, including its MAQCS (Multicore Atomic Quantum Computing System), offering on-premise systems, cloud-based computing, and integrated HPC solutions. planqc serves industries including aerospace, automotive, energy and climate, financial services, logistics, pharma and chemicals, and security, with case studies in battery innovation, aerospace materials, and climate modeling. Founded in 2022 and headquartered in Garching, Germany, planqc has raised $59.0M in Series A funding from investors including DeepTech & Climate Fonds, Bayern Kapital, Speedinvest, UVC Partners, and Amadeus Capital.

Business model

Quantum Computing > Quantum Hardware > Computers > Universal Quantum > Rydberg Atoms

Team background

College Wise > University of Cambridge

Institutional investors

DeepTech & Climate Fonds Bayern Kapital Speedinvest UVC Partners Maxplanckfoerderstiftung CATRON Holding Bmbf Amadeus Capital APEX Ventures i5invest

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