PlanQC

In July 2024, planqc secured €50 million in Series A financing led by CATRON Holding and DeepTech & Climate Fonds, with investment to be used to establish a quantum computing cloud service and develop quantum software for industries such as chemistry, healthcare, and finance. Planqc was selected to lead a €20 million project funded by the German Federal Ministry of Education and Research to build and deploy a 1,000-qubit quantum computer at the Leibniz Supercomputing Centre in Germany through the 'Multicore Atomic Quantum Computing System' (MAQCS) project. In May 2023, planqc received a €29 million order from the German Aerospace Centre (DLR) to develop a scalable neutral-atom quantum computing platform. Planqc's technology, built on award-winning research at the Max-Planck-Institute for Quantum Optics, uses individual atoms confined in crystals of light as qubits, with the company demonstrating scaling of neutral atoms to 1,200 qubits. Investment in neutral atom quantum computing now exceeds $300 million across companies like Planqc, Atom Computing, and Infleqtion.