Germany’s Quint Raises 9.1 Million Euros to Develop Quantum Chips With Fewer Errors

Insider Brief

• German quantum computing startup Quint raised 9.1 million euros in its first funding round to develop chips designed to reduce errors and lower error-correction costs.
• Vsquared Ventures led the round, with participation from Quantonation, Nucleus Capital and industry specialists, including IQM co-founder Mikko Möttönen.
• Quint plans to use contract manufacturers for production and must demonstrate that its chip architecture retains its advantages at the scale of hundreds of qubits.
• Image: Quint Computing

German quantum computing startup Quint has raised 9.1 million euros in its first funding round to develop chips designed to reduce errors and lower the cost of building reliable quantum computers, Handelsblatt reported.

The financing, secured a little more than a year after the company’s founding, was led by Vsquared Ventures. Participants included Quantonation, Nucleus Capital and industry specialists such as IQM co-founder Mikko Möttönen, according to the newspaper.

Handelsblatt described the round as the largest raised by a German quantum computing company at such an early stage. Quint has also received a European Union funding award of more than 2 million euros, the newspaper reported.