Kipu Quantum raises three million euros

The start-up intends to use the new capital to further develop its quantum computing products.

The quantum computing start-up Kipu Quantum has closed a financing round worth three million euros. Quantonation, a VC with a focus on quantum technology, and the deep tech investor Entrada Ventures invested. Karlsruhe-based early-stage investor First Momentum Ventures also participated in the round.

The start-up, which was founded in 2021, intends to use the new funding to develop quantum computing products for customers in the chemical, pharmaceutical, financial and logistics sectors. "I am delighted that the ideas we have developed over two decades of quantum research can now be made productive and commercialized to offer solutions for the quantum computing market with disruptive creativity," says Enrique Solano, founder and Chief Visionary Officer. He founded the company, which is based in Karlsruhe and Berlin, together with Daniel Volz and Tobias Grab.

"Kipu Quantum is a great example of engineers putting their hearts and minds into bringing research to the market to find solutions to some of the most pressing problems of our time," says Andreas Fischer, Founding Partner at First Momentum. The technology would provide solutions for areas such as climate technology or advanced chemistry.