Who are Terra Quantum?

Terra Quantum Welcomes Investcorp as New Investor

Hey Everyone,

Like many Quantum startups, Terra Quantum are optimizing their funding.

Terra Quantum Welcomes Investcorp as New Investor

Terra Quantum have an interesting value proposition. I came across this post announcing this news from their CEO.

TL;DR:

A QaaS Pioneer in Europe

• Terra Quantum is a leading quantum technology company based in Germany and Switzerland. It provides "Quantum as a Service (QaaS)“ in three core areas, the first one being "Quantum Algorithms as a Service".

• Here, customers are provided access to an extensive library of algorithms, such as hybrid quantum optimization and hybrid quantum neural networks, which can be used for solving complex logistics problems or pattern recognition, among other things.

• Terra Quantum also develops new quantum algorithms for its customers or adapts existing algorithms to their specific needs. Secondly, through "Quantum Computing as a Service", Terra Quantum offers its customers access to its proprietary high-performance simulated quantum processing units (QPU), the quantum ecosystem’s physical QPUs, while also developing native QPUs. The third division is "Quantum Security as a Service," through which Terra Quantum offers its unique solutions for secure quantum and post-quantum communications worldwide.

Investcorp’s leadership in the cyber security sector paired up with its proven track-record in digital sectors and B2B applications, e.g., blockchain, are a complementary addition to Terra Quantum’s investor portfolio.

Terra Quantum got a very good funding round in early 2022.

The PR does speak of the momentum of the space:

“Our investment in Terra Quantum aligns with our interest in transformative technologies such as Blockchain combined with Quantum Computing. We are very proud to contribute to Terra Quantum’s trajectory with our deep expertise on cybersecurity, cryptography, and distributive ledger technology.” — Herve Francois, who is managing Investcorp’s blockchain fund.

When you see a blockchain fund support a QaaS startup, it’s a curious combination.

So instead of a Series B, this is more like a Series A extension from what I figure. Terra Quantum, a Zurich, Switzerland-based startup that aims to build a quantum-as-a-service platform (including, eventually, its own proprietary quantum hardware).