Tech Company Financing Transactions
Planqc Funding Round
Planqc, based in Garching, scored $54.5 million in investment from CATRON Holding, DeepTech & Climate Fonds and Bayern Kapital.
Transaction Overview
Company Name
Announced On
7/8/2024
Transaction Type
Venture Equity
Amount
$54,500,000
Round
Series A
Investors
Proceeds Purpose
Planqc will use the funding to establish a quantum computing cloud service and to develop quantum software for applications in industries such as chemistry, healthcare, climate-tech, automotive and finance.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Lichtenbergstr. 8
Garching, 85748
Germany
Garching, 85748
Germany
Phone
Undisclosed
Website
Email Address
Overview
planqc's quantum computers store information in individual atoms -- nature's best qubits. Quantum information is processed by arranging these qubits in highly scalable arrays and manipulating them with precisely controlled laser pulses. planqc's unique combination of quantum technologies is the fastest way to scale to thousands of qubits, a prerequisite for industry-relevant quantum advantage.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alexander Glätzle
Chief Financial Officer
Marc Guth
Chief Operating Officer
Lukas Reichsöllner
Chief Scientific Officer
Johannes Zeiher
Chief Technical Officer
Sebastian Blatt
Co-Founder
Ann-Kristin Achleitner
Co-Founder
Markus Wagner
VP - Administration
Verena Zimmermann
Browse more venture capital transactions:
Prev: 7/8/2024: Thrive AI Health venture capital transaction
Next: 7/8/2024: Myricx Bio venture capital transaction
Share this article
About Our VC Transactions Data
We record all VC transactions involving tech companies. VC transactions reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs