German Quantum Computing Start-up Eleqtron Raises €57m
The round gives eleQtron runway to move its MAGIC trapped-ion system from prototype toward commercial deployment, the company said.
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7 Articles
It is about market maturity: the start-up Eleqtron receives EUR 57 million in growth financing – and is now planning the "industrial scaling" of its quantum computers.
Germany’s eleQtron raises €57 million Series A to scale quantum computing systems for industrial applications
eleQtron, a German DeepTech scale-up developing trapped-ion quantum computers, has closed a €57 million ($67 million) Series A funding round to build scalable production capacity, expand cloud-based access to eleQtron’s systems, and further advance development of its hardware platform. The round was led by Schwarz Digits, part of the Schwarz Group. The EIC Fund of the European Innovation Council (EIC) is also a key investor. Participation also c…
Eleqtron receives €57 million for quantum computing with captured ions. The funding is intended to accelerate industrialization, cloud access and scaling. The article Quantum computing: Eleqtron grants €57 million for financing round published first on ingenieur.de - Job market and news portal for engineers.
The quantum computing start-up EleQtron secures itself one of the largest financings ever. Germany is increasingly becoming the center of this central future technology.
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