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AMSTERDAM, THE NETHERLANDS, AUGUST 9 2021
Qu&Co announced in a press release on the 9th of August that they have successfully closed a new investment round. This round was led by Quantonation and with investments from Runa Capital and SPInvest. Congratulations are in order, as they set themselves up to expand the development of their quantum application platforms for chemistry, multiphysics, and finance.
Qu&Co was founded by Benno Broer (CEO) and Vincent Elfving (CTO) in 2017 in Amsterdam and has R&D activities in the Netherlands, the UK, France, Germany, and Spain. The company develops quantum computational algorithms and platform products for quantum enhanced simulation and quantum enhanced machine learning. Quantonation, who took the lead in investing, is an international venture capital firm headquartered in Paris, France that is dedicated to quantum technologies and innovative physics. As their name suggests, they are involved in supporting the transition of disruptive deep tech and in this case quantum technologies to marketable products for the industry.
“We’re seeing tremendous progress on the quantum computing hardware side. Qu&Co’s current and future quantum software products will be key to bring enterprises to benefit from quantum advantage,”
-Christophe Jurczak, managing partner at Quantonation.
The last funding round for Qu&Co closed in June 2020. The company plans to use this new investment to further accelerate and expand the research and development activities for its quantum platform products for chemistry and materials simulation, multiphysics simulation, and computational finance. Their current client list includes Johnson & Johnson, LG Electronics, Covestro, BMW Group, and Airbus. They have partnerships with most of the leading US and European quantum hardware players and R&D collaborations with prominent quantum academics from top Universities around the world.
We are excited to see how Qu&Co continues to grow as part of our collaborative quantum ecosystem. To know more about this read the entire press release.