Eu-Startups Qilimanjaro Quantum Tech Secures €19.6 Million Funding for Quantum Computing
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- •Qilimanjaro Quantum Tech raised €19.6 million in Series A funding.
- •Indra Group and SETT are key investors, focusing on defense and technology.
- •The funding will enhance the production of quantum systems using fluxonium qubits.
Qilimanjaro Quantum Tech, Spain's full-stack quantum computing company, has announced the first close of its Series A funding round, raising €19.6 million. The investment was led by Indra Group and supported by the Spanish Society for Technological Transformation (SETT). This funding will accelerate the manufacturing and deployment of Qilimanjaro's quantum platforms, which utilize fluxonium superconducting qubits for enhanced performance. The company's technology integrates both analog and digital quantum processing with classical computing capabilities, aiming to address complex problems in various sectors, including defense and AI. Qilimanjaro's systems are already operational at the Barcelona Supercomputing Center, with plans to expand its production capacity. The funding is expected to enhance Spain's technological autonomy in quantum computing.
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