Quantagonia, a Frankfurt, Germany-based quantum computer software developer, completed a seed funding round bringing the company’s total funding to €4.3 million.
The seed round was led by Tensor Ventures and will be utilized to further develop the company's products and expand its sales efforts.
Quantagonia building the bridge between classical and quantum computing with its Hybrid Quantum Platform. The company aims to redefine algorithms, code, and applications to facilitate the transition to an environment where quantum computing becomes the norm.
"It is of great importance for Germany and Europe to take action now and become 'quantum ready'. We should not allow a repetition of missed breakthroughs and the subsequent failure to seize innovations, as we experienced with the introduction of Artificial Intelligence. Companies need to take immediate action to benefit from the advantages that Quantum Computing will offer in the future," says Dirk Zechiel, CEO and co-founder of Quantagonia.
Company: Quantagonia GmbH
Round: Seed Round
Funding Month: July 2023
Lead Investors: Tensor Ventures
Company Website: https://www.quantagonia.com/
Software Category: Hybrid Quantum Platform
About the Company: Quantagonia is a quantum software company offering hybrid quantum-classical solutions in ML/AI, optimization, and simulation. Quantagonia’s Hybrid Quantum Platform (HQP) provides businesses with an easy on-ramp to quantum and hybrid computing, delivering value today while helping to generate first-mover advantages for users as quantum computers continue to develop.