Qilimanjaro Secures €19.6M to Expand Quantum Computing Production

BARCELONA, Spain, Oct. 14, 2026 — Qilimanjaro Quantum Tech has completed a €19.6 million first close of its Series A funding round, led by Indra Group, through IndraMind, with an investment of €10 million. The Spanish Society for Technological Transformation (SETT), under the Ministry for Digital Transformation and Public Administration, has also renewed its commitment to the company with a new investment of €9.6 million. The company expects to complete the round during the final quarter of the year, with the participation of Avançsa and other existing investors.

The new capital will enable Qilimanjaro to scale and industrialize its quantum computers, advance the development of new generations of chips, and increase its manufacturing and deployment capacity, strengthening technological capabilities developed in Spain and contributing to greater European technological autonomy in quantum computing.

“SETT’s renewed commitment and Indra’s entry bring together sovereign capital and industrial capital to protect, but also accelerate, national technological autonomy,” said Marta P. Estarellas, CEO of Qilimanjaro Quantum Tech. “Together, we are joining forces to bring quantum computing closer to strategic industrial sectors and to ensure that the quantum technology built in Spain continues to grow in Spain.”