kiutra, a Gilching, Germany-based deep-tech startup, completes a seven-figure seed funding round.
Backers included High-Tech Gründerfonds (HTGF), deep-tech VC investor APEX Ventures and the UnternehmerTUM Initiative for Industrial Innovators.
The new capital will be used to strengthen global sales and distribution, further increase production capacities, and expand the basic technology for the quantum technology market.
A spin-off of the Technical University of Munich (TUM) founded in 2018, kiutra aim to provide the world of science and industry with access to ultra-low temperatures with the aid of its automation-ready and future-proof cooling process without the use of liquefied gases.
The company is led by Alexander Regnat, Jan Spallek, Tomek Schulz and Professor Christian Pfleiderer.