Siegen and Hamburg deep tech company eleQtron a developer of trapped ion quantum computers has closed a €57 million Series A funding round led by Schwarz Digits, placing it among the largest Series A deals in quantum computing worldwide.
- Founded in 2020 by Christof Wunderlich, Jan Leisse, and Michael Johanning as a spin-off from the University of Siegen, eleQtron develops quantum computers based on trapped ions using its proprietary MAGIC technology Magnetic Gradient Induced Coupling.
- The company designs and builds quantum computing hardware where ions act as qubits controlled through microwave based systems rather than laser only approaches. This architecture combines ion trap chips with microwave fields to manipulate and measure quantum states, with the aim of improving scalability and system stability as qubit numbers increase.
- EleQtron develops the full stack of ion based quantum computing including hardware, control systems, and integration, with the long term goal of delivering quantum computing systems accessible via cloud platforms for industrial and research use.
Details of the deal
- The Series A round was led by Schwarz Digits with participation from the European Innovation Council Fund, Earlybird, Ankaa Ventures, Precitec, NRW BANK, and IFB Innovationsstarter GmbH.
- The funding will be used to scale production capacity, expand cloud access, and further develop the company’s hardware platform for industrial applications.
“Quantum computing is transitioning from a research-driven technology to an industrially usable infrastructure. With this funding, we are accelerating that transition and building systems that will solve real-world industrial problems,” said Jan Henrik Leisse, CEO and Co-founder of eleQtron.
