TRUMPF Group’s venture capital unit, Trumpf Venture II GmbH, is investing one million euros in HQS Quantum Simulations, Europe’s leading software startup in the quantum simulation field. HQS Quantum Simulations aims to make quantum computers usable for solving real-world problems in materials research and the pharmaceutical industry. The company uses an open quantum systems approach, which allows it to utilize the intrinsic errors of existing quantum computers as a resource. The investment will help HQS Quantum Simulations further develop its software and expand its team.
HQS Quantum Simulations Receives Investment from Trumpf Venture II GmbH
HQS Quantum Simulations, a European software startup in the quantum simulation field, has received a one-million-euro investment from Trumpf Venture II GmbH, the corporate venture capital unit of the TRUMPF Group. This follows a Series A financing round that the company closed last year. HQS Quantum Simulations aims to make quantum computers usable for solving real-world problems in materials research and the pharmaceutical industry.
Michael Bolle Joins Advisory Board
Michael Bolle, former CTO and CDO of Robert Bosch GmbH, has joined the Advisory Board of HQS Quantum Simulations. Bolle brings years of experience as a technology expert and leading manager to the company. In his new role, he will primarily focus on the technological development of HQS Quantum Simulations’ software.
“Our collaboration with Trumpf Venture allows us to further consolidate our team’s expertise and take significant steps toward the practical quantum systems. At the same time, we will be able to provide important impetus for the use of quantum computers in industry through the Trumpf Venture network,”
Michael Marthaler, CEO of HQS Quantum Simulations
Open Quantum Systems Approach
HQS Quantum Simulations is the only company in the world to use the open quantum systems approach. This innovative method allows the company to utilise the intrinsic errors of existing quantum computers as a resource. HQS software is mainly used in the research of quantum systems, with the determination of material properties being particularly relevant for the chemical industry and in the research and development of quantum technology.
Fresh Capital Injection and Reinforcement to Management Team
HQS Quantum Simulations plans to use the new investment and the addition of Michael Bolle to the management team to make quantum computers viable for solving real problems in materials research and the pharmaceutical industry. The collaboration with Trumpf Venture will help consolidate the team’s expertise and take significant steps toward practical quantum systems.
Trumpf Venture GmbH’s Conviction in Quantum Simulation
Trumpf Venture GmbH, the new investor, believes that quantum simulation will set new standards for industrial applications in the future. Dieter Kraft of Trumpf Venture II GmbH expressed confidence that HQS Quantum Simulations will become one of the key companies for the next generation of digitally networked industry. The HQS Quantum Simulations approach allows for quantum simulations to be fully integrated into existing workflows and can run on both current high-performance computing systems and quantum systems.
“Quantum simulation will set completely new standards for industrial applications in the future and the HQS Quantum Simulations team is one of the few pioneers in this field. We are confident that HQS Quantum Simulations will become one of the key companies for the next generation of digitally networked industry,”
Dieter Kraft of Trumpf Venture II GmbH
Summary
HQS Quantum Simulations has received a €1m investment from Trumpf Venture II, the venture capital unit of the TRUMPF Group, to develop its quantum simulation software for use in materials research and the pharmaceutical industry. The startup’s unique open quantum systems approach aims to make quantum computers more practical by utilising their intrinsic errors as a resource.
- TRUMPF Group’s venture capital unit, Trumpf Venture II GmbH, invests one million euros in HQS Quantum Simulations, Europe’s leading quantum simulation software startup.
- Michael Bolle, former CTO and CDO of Robert Bosch GmbH, joins the Advisory Board of HQS Quantum Simulations.
- HQS Quantum Simulations aims to make quantum computers usable for solving real-world problems in materials research and the pharmaceutical industry.
- The company uses an open quantum systems approach, which allows it to utilise the intrinsic errors of existing quantum computers as a resource.
- HQS Quantum Simulations’ software is mainly used in the research of quantum systems, with applications in the chemical industry and the research and development of quantum technology.
- The fresh capital injection and reinforcement to the management team will help the company make quantum computers viable for solving real problems in materials research and the pharmaceutical industry.
