Spain's full-stack quantum computing company Qilimanjaro Quantum Tech completes €19.6 ...

Qilimanjaro Quantum Tech , Spain’s only full-stack quantum computing company, has announced the first close of its Series A funding round at €19.6 million.

The round was led by Indra Group through IndraMind, its sovereign artificial intelligence initiative, with a €10 million investment. The Spanish Society for Technological Transformation (SETT), a public entity under Spain’s Ministry for Digital Transformation and Public Administration, also renewed its backing with a further €9.6 million investment.

“ Quantum computing will mark a decisive leap in the evolution of artificial intelligence and its ability to solve highly complex problems. With this transaction, Indra Group strengthens its position in this strategic field, while IndraMind expands the capabilities it can use to develop sovereign, differentiated solutions for defence, security and industry ,” said Ignacio Martínez , General Manager of IndraMind.

Qilimanjaro Quantum Tech was founded in Barcelona in 2019 as a spin-off of IFAE, BSC and the University of Barcelona by Dr. Pol Forn Díaz, Dr. Victor Canivell, Dr. José Ignacio Latorre, Jordi Blasco, and Dr. Artur Garcia Sáez. The company builds full-stack quantum computers, meaning it develops its own chips, software and algorithms and integrates cryogenics and control electronics into complete systems.

Its technology is built on digital and analogue quantum processors based on superconducting fluxonium qubits, a highly coherent qubit architecture that is naturally more resilient to errors than conventional transmon-based qubit. Its multimodal approach, which combines analogue and digital quantum processors with high-performance classical computing, has become its distinguishing factor.

The company says this multimodal approach is already in production and three of the company’s quantum systems are currently operating at the Barcelona Supercomputing Centre – Centro Nacional de Supercomputación (BSC-CNS), one of Europe’s largest supercomputing facilities. Among them is the first analogue quantum computer to be integrated into a European HPC centre.

Qilimanjaro has deployed eight quantum systems in total and counts customers across energy, telecommunications, logistics, healthcare and finance. The company also provides remote access to its quantum infrastructure through SpeQtrum Cloud, its Quantum-as-a-Service platform.

“ SETT’s renewed commitment and Indra’s investment bring sovereign and industrial capital together to protect, while also accelerating, national technological autonomy. Together, we are joining forces to bring quantum computing closer to strategic industrial sectors and to ensure that the quantum technology being built in Spain continues to grow in Spain ,” said Marta P. Estarellas , CEO of Qilimanjaro Quantum Tech.

The fresh capital will be used to scale and industrialise its quantum computers, advance -generation chip development, and expand its manufacturing and deployment capacity. The company expects to complete the Series A funding round in the fourth quarter of 2026, with participation from Avançsa and other existing investors.