KARLSRUHE, Germany, July 11,
2024 /PRNewswire/ -- Kipu Quantum, the worldwide leading
quantum software company, announced today the strategic acquisition
of PlanQK, the German quantum computing platform successfully built
and commercialized by Anaqor AG. Along with its platform, key
members of its team of experts joined Kipu Quantum to lead the way
in making useful quantum computing accessible to organizations of
all sizes, including industrial, academic, and governmental ones.
This shrewd move follows Kipu Quantum's successful
€11.4 million second closing of the seed funding round led by
HV Capital and DTCF in late 2023.
The well-established and industry-recognized PlanQK platform
with a constantly growing quantum ecosystem of more than 100
organizations enhances accessibility to quantum computing across
various sectors, serving a broad range of users from leading
companies such as BASF, DB Systel GmbH, T-LABS and TRUMPF.
The acquisition will drastically accelerate the
commercialization of Kipu's application- and hardware-specific
algorithms, as services through the PlanQK platform, enabling
frictionless access for organizations to integrate
quantum solutions into their existing processes.
Combining their strengths, Kipu Quantum and the PlanQK team are
set to greatly enhance quantum computing accessibility across
various industries, including pharmaceuticals, chemicals,
logistics, and finance, accelerating these sectors towards
achieving quantum advantage.
Strategic Integration for Accelerated Growth
Kipu Quantum's CEO, Daniel
Volz, stated, "Kipu Quantum's massively compressed
algorithms enable the use of today's quantum processors across
multiple industries to solve industrially sized problems,
without waiting a decade for massive quantum computers. Our work
with customers such as BASF, DLR, and MasOrange has
demonstrated that this is feasible. Making our world-leading
algorithm services accessible through the PlanQK platform will make
our capabilities available to a much wider audience."
Michael Falkenthal, lead architect of the PlanQK
platform stated, "By merging our deep technical expertise and
strengths with Kipu Quantum, we aim to deliver unparalleled value
and accelerate access to quantum computing capabilities sooner than
anticipated. PlanQK will remain an open, community-driven platform,
enhanced by our partnerships and research initiatives to support
all quantum innovators. Together, we will facilitate seamless
integration of quantum solutions into existing organizational
processes, significantly broadening the reach and application of
advanced quantum technologies."
Enrique Solano, co-founder
and Chief Visionary Officer of Kipu Quantum
emphasized, "We are delighted to welcome the elite team of
PlanQK, bolstering our capabilities. We share the mission to
achieve a first demonstration of quantum advantage. We appreciate
the unique qualities and talents our new colleagues bring to
achieve this mission by 2026. Together, we are here to make history
and make useful quantum computing as soon as possible."
Era of Useful Quantum Computing
Alexandra Beckstein, CEO
and co-founder of QAI Ventures, whose Swiss-based accelerator
program KIPU graduated in 2023, commented, "We highly appreciate
the strategic move in acquiring the PlanQK platform. This
confirms Kipu's commitment to the era of useful quantum computing
and positions the company as a frontrunner. Their innovative
methods will enhance the ability to deliver high-impact quantum
solutions and drive significant advancements in complex real-life
computational processes. We will continue to support their journey
towards business-relevant quantum computing."
About Kipu
Kipu Quantum is a German company that operates at the
intersection of quantum computer hardware and application software
layers, developing disruptive application- and hardware-specific
quantum algorithms for a wide range of industries. These algorithms
are based on a one-of-a-kind compression technology that requires
orders of magnitude less quantum processor resources to solve a
given problem than comparable approaches. Kipu Quantum's technology
has the potential to solve industry-relevant problems in the order
of 1,000 physical qubits and is compatible with any leading quantum
hardware. The company is currently testing its technology with
customers in the pharmaceutical, chemical, logistics and financial
industries.
About PlanQK
PlanQK is the first open community-powered platform and
ecosystem for quantum applications, connecting developers,
industrial users, researchers, and quantum hardware providers with
a platform for the integration, deployment, development, and
monetization of quantum services. With over 30 successfully tested
use cases and more than 100 partners, PlanQK, is a pioneer in the
field of quantum platforms. Initiated in 2019 and supported through
a research grant by the German Federal Ministry of Economic Affairs
and Climate Affairs it has been continuously developed in
collaboration with leading universities and companies.
Press contact:
Joanna Folberth
joanna.folberth@kipu-quantum.com
+49 1523 4621 156
www.kipu-quantum.com
www.planqk.de
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