Quantagonia, a Frankfurt, Germany-based quantum computing software startup, raised €4.3M in total funding.
After the pre-seed round in December 2021, which included participation from the FTTF (Fraunhofer Technology Transfer Fonds), Finnish Deep-Tech VC Voima Ventures, and a German family office, Quantagonia has added Tensor Ventures, the Beteiligungs-Managementgesellschaft Hessen, and subsequent investments from existing backers to reach €4.3M with.
The company intends to use the funds to accelerate the development and implementation of its platform while simultaneously increasing its market reach.
Founded in November 2021 by Dirk Zechiel, Prof. Dr. Sabina Jeschke, Prof. Dr. Sebastian Pokutta, and Philipp Hannemann, Quantagonia is a quantum computing startup whose B2B SaaS platform aims to facilitate the execution of existing program code on both classical and quantum computer architectures for use in the AI, optimization, and simulation fields. It integrates with manufacturers of both classical hardware (i.e., CPUs & GPUs) and quantum hardware. Through the readily available HybridSolver, customers can resolve optimization problems utilizing both quantum computers and classical hardware with proof of optimality.
FinSMEs
07/06/2023