Germanquantum computingstartup planqc yesterday announced a Series A raise of 50mn.

A technological race towards fault-tolerance

Qubits are the fundamental units of quantum information.

Whereas IQMs systems are based on superconducting qubits, planqcs quantum processors work with atom-based qubits.

Munich startup planqc secures €50M for ‘Made in Germany’ quantum computers

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This includes areas such as pharmaceuticals and drug discovery, logistics, and climate change mitigation.

The round also includes a grant from Germanys Federal Ministry of Education and Research (BMBF).

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Quantum sovereignty?

The EU is no different, as it pushes for that elusivestrategic and digital sovereignty.

Story byLinnea Ahlgren

Linnea is the senior editor at TNW, having joined in April 2023.

Linnea Ahlgren

Dabbles in gaming and fitness wearables.

But first, coffee.

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