Kipu Quantum raises three million euros

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

Quantum computing startup Kipu Quantum has closed a three million euro funding round. Quantonation, a VC focused on quantum technology, and deeptech investor Entrada Ventures invested. Karlsruhe-based early-stage investor First Momentum Ventures also participated in the round.

The 2021-based startup plans to use the new funding to develop quantum computing products for customers in the chemical, pharmaceutical, financial and logistics industries. "I am excited that the ideas we have developed over two decades of quantum research can now be made productive and commercialized to provide solutions for the quantum computing market with disruptive creativity," said Enrique Solano, founder and chief visionary officer. He co-founded the Karlsruhe and Berlin-based company with Daniel Volz and Tobias Grab.

"Kipu Quantum is a great example of engineers bringing research to market with heart and mind 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.