Quantagonia with 4.3 million euros in seed fundraising

Quantagonia, a company specializing in software for quantum computers, has successfully completed its seed fundraising and increased its total funding to €4.3 million under the lead of Tensor Ventures.

Frankfurt - Quantagonia, a company specializing in software for quantum computers, has successfully completed its seed fundraising round and increased its total funding to €4.3 million under the lead of Tensor Ventures. Three European deep tech VCs participated in the funding, as well as a state investment and a family office.

Quantagonia offers aB2B SaaS solution called "Hybrid Quantum Platform" that combines the advantages of classical computing and quantum computing. One strength of the platform is that it can use existing computer programs. This should make the advantages of quantum computing accessible to a broad market environment. The capital raised will be used by Quantagonia to further develop the product and expand sales.

It should not happen to us again to miss breakthroughs and thus miss out on innovations such as the introduction of artificial intelligence. Companies must act now to reap the benefits that quantum computing will bring in the future

Dirk Zechiel, CEO and co-founder Quantagoni

More and more companies are facing more complex decision models and higher demands in process control. Classical computers with their existing architectures are reaching their limits, especially when it comes to optimization algorithms, simulation methods and the use of artificial intelligence (AI). Quantum computing offers a promising solution to solve these problems significantly faster or even for the first time. However, existing program codes and applications for quantum computing need to be reformulated, which is a current challenge.

Quantagonia aims to revolutionize computing and its applications. With their Hybrid Quantum Platform, existing program codes can be executed on both classical and quantum computing architectures. This allows innovative solution approaches, especially based on AI, to be deployed.

In Germany, the transfer from basic research to industry is still too cumbersome. Quantagonia is one of the few European start-ups that makes this possible with the expertise gained from research and successful company set-up

Martin Drdúl, Tensor Ventures

After the successful pre-seed round in December 2021, in which FTTF (Fraunhofer Technology Transfer Fund), the Finnish deep-tech VC Voima Ventures and a German family office were already involved, Quantagonia is now increasing its investment volume to a total of 4.3 million euros with Tensor Ventures, Beteiligungs-Managementgesellschaft Hessen and a follow-up investment from existing investors.

Quantagonia's Hybrid Quantum Platform enables customers to access their AI, optimization and simulation applications. The platform integrates manufacturers of classical (CPUs & GPUs) and quantum hardware. With HybridSolver already available, customers can for the first time solve optimization problems on both Quantum computers and traditional hardware with optimality proof. Quantagonia also offers customers who are not yet implementing active quantum applications its expertise for use-case analyses and the realization of future-proof solutions.

Founded in November 2021, Quantagonia consists of a team of 15 experts with expertise in computer science, physics, mathematics, and successful business building. The founders are Dirk Zechiel, Prof. Dr. Sabina Jeschke, Prof. Dr. Sebastian Pokutta & Philipp Hannemann.