


{"id":40150,"date":"2022-01-26T12:17:31","date_gmt":"2022-01-26T10:17:31","guid":{"rendered":"https:\/\/newserver.fyb.de\/hqs-quantum-simulations-raises-e12-million-in-series-a-funding\/"},"modified":"2022-01-26T12:17:31","modified_gmt":"2022-01-26T10:17:31","slug":"hqs-quantum-simulations-raises-e12-million-in-series-a-funding","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/hqs-quantum-simulations-raises-e12-million-in-series-a-funding\/","title":{"rendered":"HQS Quantum Simulations raises \u20ac12 million in Series A funding"},"content":{"rendered":"<p>Karls\u00adruhe \u2014 HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons raises \u20ac12 million in Series A.  <strong>Quan\u00adto\u00adna\u00adtion, a VC fund<\/strong> specia\u00adli\u00adzing in quan\u00adtum compu\u00adting, leads the funding round. The alre\u00adady invol\u00adved inves\u00adtors UVC Part\u00adners, btov Indus\u00adtrial Tech\u00adno\u00adlo\u00adgies and High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) invest again.<\/p>\n<p>HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons is a spin-off of the Karls\u00adruhe Insti\u00adtute of Tech\u00adno\u00adlogy (KIT) and, as part of the Q\u2011Exa consor\u00adtium, provi\u00addes the soft\u00adware for the first quan\u00adtum compu\u00adter manu\u00adfac\u00adtu\u00adred in Germany.<\/p>\n<p>With the new capi\u00adtal, HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons intends to streng\u00adthen its cloud plat\u00adform HQS Quan\u00adtum Assis\u00adted Design as well as expand its open source library Active Space Finder.<\/p>\n<p>HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons, Euro\u00adpe\u2019s leading startup for complex quan\u00adtum simu\u00adla\u00adti\u00adons, closes a Series A funding round. Toge\u00adther with new rese\u00adarch funding, HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons is thus raising over 12 million euros. French quan\u00adtum VC fund Quan\u00adto\u00adna\u00adtion leads the finan\u00adcing round as a new inves\u00adtor. The alre\u00adady parti\u00adci\u00adpa\u00adting VC funds UVC Part\u00adners, btov Indus\u00adtrial Tech\u00adno\u00adlo\u00adgies and HTGF reaf\u00adfirm their commit\u00adment through rene\u00adwed investments.<\/p>\n<p>The market for quan\u00adtum tech\u00adno\u00adlogy has been growing rapidly for seve\u00adral years and reached a new record high last year. In Germany, HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons is driving the key tech\u00adno\u00adlogy forward as part of the Q\u2011Exa consor\u00adtium, among others. The inter\u00addi\u00adsci\u00adpli\u00adnary project aims to install the first German-made quan\u00adtum compu\u00adter at the Leib\u00adnitz Compu\u00adting Center before the end of this year. Like most large-scale compu\u00adting centers, the High Perfor\u00admance Compu\u00adting Center of the Bava\u00adrian Academy of Scien\u00adces uses signi\u00adfi\u00adcant porti\u00adons of its compu\u00adting power to solve quan\u00adtum mecha\u00adni\u00adcal problems. HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons provi\u00addes the neces\u00adsary software.<\/p>\n<p>With the capi\u00adtal from the new finan\u00adcing round, HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons intends to further streng\u00adthen its posi\u00adtion as a leading Euro\u00adpean soft\u00adware provi\u00adder in the field of quan\u00adtum simu\u00adla\u00adtion. Foun\u00added by four quan\u00adtum physi\u00adcists, the startup has been deve\u00adlo\u00adping effi\u00adci\u00adent quan\u00adtum algo\u00adrithms for mate\u00adri\u00adals, chemi\u00adcal and phar\u00admaceu\u00adti\u00adcal rese\u00adarch since 2017. The new round of funding will enable HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons to further deve\u00adlop its Quan\u00adtum Assis\u00adted Design cloud plat\u00adform and expand its open-source Active Space Finder library.<\/p>\n<p>For its Quan\u00adtum Assis\u00adted Design cloud plat\u00adform, HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons is deve\u00adlo\u00adping unique soft\u00adware opti\u00admi\u00adzed for use on current quan\u00adtum compu\u00adters. In the near future, it will enable rese\u00adarch groups and compa\u00adnies without access to their own quan\u00adtum hard\u00adware to perform the same quan\u00adtum simu\u00adla\u00adti\u00adons that HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons enables with its soft\u00adware at the Leib\u00adniz Compu\u00adting Center. With the open source library Active Space Finder, HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons is the only company in the world working on a solu\u00adtion to the so-called Active Space Problem. Only the solu\u00adtion of this problem enables prac\u00adti\u00adcal use of quan\u00adtum compu\u00adters for mate\u00adrial simulation.<\/p>\n<p>\u201cThe new round of finan\u00adcing gives us the boost we need to further expand our team, streng\u00adthen our foun\u00adda\u00adtion and serve our custo\u00admers\u2019 needs even more effi\u00adci\u00adently. The fact that our inves\u00adtors have reaf\u00adfirmed their trust in us and that Quan\u00adto\u00adna\u00adtion, the most renow\u00adned VC fund in the indus\u00adtry, has joined us shows that we are on the right track,\u201d says <strong>Michael Martha\u00adler, Mana\u00adging Direc\u00adtor of HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons<\/strong>.<\/p>\n<p>The enorm\u00adous poten\u00adtial as well as the recent advan\u00adces in tech\u00adno\u00adlogy are attrac\u00adting more and more capital.<\/p>\n<p>\u201cQuan\u00adtum simu\u00adla\u00adtion is on the verge of brin\u00adging signi\u00adfi\u00adcant commer\u00adcial value to indus\u00adtrial appli\u00adca\u00adti\u00adons and we believe HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons is best posi\u00adtio\u00adned to deli\u00adver on this promise,\u201d Yann Fiebig, Prin\u00adci\u00adpal at&nbsp;HTGF.<\/p>\n<p> <strong>Benja\u00admin Erhart of UVC Part\u00adners<\/strong> also assu\u00admes this: \u201cWe believe that HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons will become the leading Euro\u00adpean player in quan\u00adtum simu\u00adla\u00adtion and bring great bene\u00adfits to our society.\u201d<\/p>\n<p>Quan\u00adto\u00adna\u00adtion, the worl\u00add\u2019s first VC fund specia\u00adli\u00adzing in quan\u00adtum tech\u00adno\u00adlogy, leads the finan\u00adcing&nbsp;round.<\/p>\n<p>\u201cWe want to advance the deve\u00adlo\u00adp\u00adment of quan\u00adtum tech\u00adno\u00adlo\u00adgies and their use in commer\u00adcial products. High perfor\u00admance compu\u00adting is an exci\u00adting market for this and we are confi\u00addent that HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons is deve\u00adlo\u00adping the right products for quan\u00adtum-level chemi\u00adcal and physi\u00adcal simu\u00adla\u00adti\u00adons to make a huge impact in these indus\u00adtries,\u201d <strong>Chris\u00adto\u00adphe Jurc\u00adzak of Quan\u00adto\u00adna\u00adtion<\/strong>.<\/p>\n<p>btov Indus\u00adtrial Tech\u00adno\u00adlo\u00adgies remains invested.<\/p>\n<p>\u201cWe look forward to helping the HQS team bring available quan\u00adtum compu\u00adting to the mate\u00adri\u00adals science and phar\u00admaceu\u00adti\u00adcal indus\u00adtries,\u201d said Chris\u00adtian Reit\u00adber\u00adger, part\u00adner&nbsp;btov.<\/p>\n<p>Co-foun\u00adder and COO of HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons Iris Schwenk is convin\u00adced that this goal is within reach with the new round of funding: \u201cWhen we star\u00adted in 2017, we were four scien\u00adtists who wanted to build a bridge between acade\u00admia and indus\u00adtry in quan\u00adtum compu\u00adting. Today, with more than 30 talen\u00adted scien\u00adtists from a wide range of disci\u00adpli\u00adnes, we are the leading quan\u00adtum startup in Europe \u2014 and we\u2019re just getting started.\u201d<\/p>\n<p><strong>About HQS Quan\u00adtum Simulations<\/strong><br>\nHQS Quan\u00adtum Simu\u00adla\u00adti\u00adons was foun\u00added in 2017 as a spin-off of the Karls\u00adruhe Insti\u00adtute of Tech\u00adno\u00adlogy (KIT) and deve\u00adlops soft\u00adware for the simu\u00adla\u00adtion of quan\u00adtum systems. The star\u00adtup\u2019s soft\u00adware works on conven\u00adtio\u00adnal compu\u00adters, but can be easily trans\u00adfer\u00adred to quan\u00adtum compu\u00adters. HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons\u2019 goal with this approach is to enable compa\u00adnies and rese\u00adar\u00adchers to quickly and effi\u00adci\u00adently tran\u00adsi\u00adtion their simu\u00adla\u00adtion work\u00adflow to quan\u00adtum compu\u00adting as it beco\u00admes available.<\/p>\n<p><strong>About High-Tech Gr\u00fcnderfonds<\/strong><br>\nThe seed inves\u00adtor High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) finan\u00adces tech\u00adno\u00adlogy start-ups with growth poten\u00adtial. With a volume of around EUR 900 million spread across three funds and an inter\u00adna\u00adtio\u00adnal part\u00adner network, HTGF has supported more than 650 start-ups since 2005. His team of expe\u00adri\u00aden\u00adced invest\u00adment mana\u00adgers and start-up experts supports the young compa\u00adnies with know-how, entre\u00adpre\u00adneu\u00adrial spirit and passion. The focus is on high-tech start-ups in the fields of digi\u00adtal tech, indus\u00adtrial tech, life scien\u00adces, chemis\u00adtry and rela\u00adted busi\u00adness areas. More than EUR 3.5 billion in capi\u00adtal has been inves\u00adted in the HTGF port\u00adfo\u00adlio by exter\u00adnal inves\u00adtors in more than 1,800 follow-on finan\u00adcing rounds to date. In addi\u00adtion, the fund has alre\u00adady successfully sold shares in more than 150 companies.<\/p>\n<p>Inves\u00adtors in the public-private part\u00adner\u00adship include the German Fede\u00adral Minis\u00adtry of Econo\u00admics and Climate Protec\u00adtion, KfW Capi\u00adtal, the Fraun\u00adho\u00adfer-Gesell\u00adschaft and the compa\u00adnies ALTANA, BASF, Bayer, Boeh\u00adrin\u00adger Ingel\u00adheim, B.Braun, Robert Bosch, B\u00dcFA, CEWE, Deut\u00adsche Bank, Deut\u00adsche Post DHL, Dr\u00e4ger, 1+1 AG, EVONIK, EWE AG, FOND OF, Haniel, Hettich, Knauf, K\u00f6rber, LANXESS, media + more venture Betei\u00adli\u00adgungs GmbH &amp; Co. KG, PHOENIX CONTACT, QIAGEN, RWE Gene\u00adra\u00adtion SE, SAP, Schufa, Schwarz Gruppe, STIHL, Th\u00fcga, Vector Infor\u00adma\u00adtik, WACKER and Wilh. Werhahn KG.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karls\u00adruhe \u2014 HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons raises \u20ac12 million in Series A. Quan\u00adto\u00adna\u00adtion, a VC fund specia\u00adli\u00adzing in quan\u00adtum compu\u00adting, leads the funding round. The alre\u00adady invol\u00adved inves\u00adtors UVC Part\u00adners, btov Indus\u00adtrial Tech\u00adno\u00adlo\u00adgies and High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) invest again. HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons is a spin-off of the Karls\u00adruhe Insti\u00adtute of Tech\u00adno\u00adlogy (KIT) and, as part&nbsp;of&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39315,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1373],"tags":[],"class_list":["post-40150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-venture-capital-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HQS Quantum Simulations raises \u20ac12 million in Series A funding - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/hqs-quantum-simulations-raises-e12-million-in-series-a-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HQS Quantum Simulations raises \u20ac12 million in Series A funding - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Karls\u00adruhe \u2014 HQS Quan\u00adtum Simu\u00adla\u00adti\u00adons raises \u20ac12 million in Series A. 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Quan\u00adto\u00adna\u00adtion, a VC fund specia\u00adli\u00adzing in quan\u00adtum compu\u00adting, leads the funding round. The alre\u00adady invol\u00adved inves\u00adtors UVC Part\u00adners, btov Indus\u00adtrial Tech\u00adno\u00adlo\u00adgies and High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) invest again. 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