Photo: Quantum computer from planqc Lab © Axel Grieschin

UVC invests in planqc to build highly scalable quantum computer

Photo: Quan­tum compu­ter from planqc Lab © Axel Grieschin
29. June 2022

Munich, Germany — Quan­tum compu­ting start-up planqc today announ­ced a €4.6 million funding round led by UVC Part­ners and Speed­in­vest. With this funding, planqc will deve­lop highly scalable room-tempe­ra­­ture quan­tum compu­ters based on atoms in opti­cal latti­ces. planqc was foun­ded by a team of scien­tists from the Max Planck Insti­tute of Quan­tum Optics and the Ludwig Maxi­mi­lian Univer­sity of Munich and is the first spin-off of the Munich Quan­tum Valley, one of the leading centers for quan­tum tech­no­logy in Europe.

Current digi­tal quan­tum compu­ters are limi­ted by both the number of qubits used and their gate quality. While the number of qubits limits the amount of infor­ma­tion that can be proces­sed, the limi­ted gate quality inevi­ta­bly leads to errors in the result of a compu­ta­tion (so-called noise). While these NISQ (short for noisy inter­­me­­diate-scale quan­tum) compu­ters have recently outper­for­med clas­si­cal compu­ters on some abstract problems, they are still far from a “quan­tum advan­tage” for indus­­try-rele­­vant problems. TWAICE has increased sales by about 250 percent since May 2021. The company’s growing custo­mer base includes more than five of the world’s leading auto­ma­kers, as well as seve­ral major rene­wa­ble energy storage deve­lo­pers and operators.

planqc’s unique combi­na­tion of quan­tum tech­no­lo­gies is the fastest way to scale to thou­sands of qubits, which is a prere­qui­site for an indus­­try-rele­­vant quan­tum advan­tage. Quan­tum compu­ters from planqc store infor­ma­tion in indi­vi­dual atoms — by nature the best qubits — and arrange them in highly scalable arti­fi­cial light crys­tals. Quan­tum gates based on precis­ely control­led laser pulses are used to process quan­tum infor­ma­tion. planqc bene­fits from basic rese­arch at the Max Planck Insti­tute and the world’s leading laser and photo­nics indus­try in Germany.

Planqc’s foun­ding team brings toge­ther deca­des of inter­na­tio­nal rese­arch on neutral-atom quan­tum tech­no­lo­gies at world-leading insti­tu­ti­ons such as Harvard Univer­sity, Oxford Univer­sity, Univer­sity of Cali­for­nia Berke­ley, Univer­sity of Colo­rado, Univer­sity of Inns­bruck, CQT Singa­pore, and MPQ. The foun­ding team is comple­ted by multi-super­­vi­­sor and finan­cial expert Ann-Kris­­tin Achleit­ner and serial entre­pre­neur Markus Wagner, foun­der of i5invest.

Support for planqc conti­nues to be provi­ded by scien­ti­fic advi­sors Imma­nuel Bloch and J. Igna­cio Cirac. Both are direc­tors at MPQ and are known for their pionee­ring work on quan­tum simu­la­tion and quan­tum infor­ma­tion. In addi­tion, quan­tum algo­rithm expert Dieter Jaksch, profes­sor of physics at Oxford Univer­sity and the Univer­sity of Hamburg, was recrui­ted as an advi­sor. “This world-class team combi­nes the tech­ni­cal and commer­cial exper­tise to build the world’s most powerful quan­tum compu­ters,” said Amanda Birken­holz, invest­ment mana­ger at UVC Partners.

About UVC Partners

UVC Part­ners is a Munich and Berlin based early-stage venture capi­tal firm inves­t­ing in Euro­pean B2B start-ups within the enter­prise soft­ware, indus­trial tech­no­lo­gies and mobi­lity sectors. The fund typi­cally invests between €0.5 million and €10 million at the outset and up to €30 million in total per company. The port­fo­lio compa­nies bene­fit from the exten­sive invest­ment and exit expe­ri­ence of the manage­ment team as well as from the close coope­ra­tion with Unter­neh­mer­TUM, Europe’s leading center for inno­va­tion and busi­ness crea­tion. With over 300 employees and more than 100 indus­try part­ners, Unter­neh­mer­TUM can draw on many years of expe­ri­ence in buil­ding young compa­nies. This colla­bo­ra­tion allows UVC Part­ners to provide start­ups with unique access to talent, indus­try clients and other finan­cial part­ners.

About planqc

planqc builds quan­tum compu­ters and stores quan­tum infor­ma­tion in indi­vi­dual atoms — inher­ently the best qubits. Quan­tum infor­ma­tion is proces­sed by arran­ging these qubits in highly scalable regis­ters and then mani­pu­la­ting them with precis­ely control­led laser pulses. planqc features a unique combi­na­tion of quan­tum tech­no­lo­gies that opens the fastest path to quan­tum proces­sors with thou­sands of qubits, crea­ting the neces­sary condi­ti­ons for an indus­­try-rele­­vant quan­tum advan­tage. planqc was foun­ded in April 2022 by Alex­an­der Glätzle, Sebas­tian Blatt, Johan­nes Zeiher, Lukas Reichs­öll­ner toge­ther with Ann-Kris­­tin Achleit­ner and Markus Wagner. planqc is based in Garching near Munich.

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at]