Terra Quantum, a Zurich, Switzerland-based Quantum-as-a-Service technology company, raised $60M in Series A funding.
The round was led by Lakestar and others.
The company intends to use the funds for research and the acceleration of its international expansion.
Led by Markus Pflitsch, founder and CEO, Terra Quantum is a quantum technology company organized as a “Quantum as a Service” company with three core focus areas. The first is Quantum Algorithms as a Service where an extensive library of algorithms are available to customers, such as quantum-based optimization and quantum-based neural networks which can for example be used for pattern recognition. The company also develops new algorithms for customers or adapt existing algorithms to their specific needs. The second is Quantum Computing as a Service providing customers with access to its high performing logical qubits to equip them with real quantum advantages already today. The third is Quantum Security as a Service offering quantum security worldwide via its quantum secure communication and QKD solutions.
FinSMEs
21/01/2022