Kipu Quantum, a leading quantum software company, has acquired PlanQK, a German quantum computing platform built by Anaqor AG. This strategic move aims to accelerate the development of industrially relevant quantum solutions. The acquisition brings together Kipu’s application- and hardware-specific algorithms with PlanQK’s established ecosystem of over 100 organizations, including BASF, DB Systel GmbH, T-LABS, and TRUMPF.
Daniel Volz, CEO of Kipu Quantum, emphasized that their compressed algorithms enable the use of today’s quantum processors to solve industrially sized problems without waiting for massive quantum computers. Michael Falkenthal, lead architect of PlanQK, stated that the merger will deliver unparalleled value and accelerate access to quantum computing capabilities sooner than anticipated.
Enrique Solano, co-founder and Chief Visionary Officer of Kipu Quantum, welcomed the elite team of PlanQK, bolstering their capabilities to achieve a first demonstration of quantum advantage by 2026. Alexandra Beckstein, CEO and co-founder of QAI Ventures, praised the strategic move, positioning Kipu as a frontrunner in the era of useful quantum computing.
Strategic Acquisition Accelerates Development of Industrially Relevant Quantum Solutions
Kipu Quantum, a German company operating at the intersection of quantum computer hardware and application software layers, has announced the strategic acquisition of PlanQK, a German quantum computing platform built by Anaqor AG. This move is expected to accelerate the development of industrially relevant quantum solutions, making useful quantum computing accessible to organizations of all sizes.
The acquisition brings together Kipu Quantum’s expertise in developing disruptive application- and hardware-specific quantum algorithms with PlanQK’s well-established and industry-recognized platform, which has a constantly growing quantum ecosystem of over 100 organizations. This combined strength will enable frictionless access for organizations to integrate quantum solutions into their existing processes.
The PlanQK platform serves a broad range of users from leading companies such as BASF, DB Systel GmbH, T-LABS, and TRUMPF, enhancing accessibility to quantum computing across various sectors. By combining their strengths, Kipu Quantum and the PlanQK team aim to greatly enhance quantum computing accessibility across industries, including pharmaceuticals, chemicals, logistics, and finance.
Accelerating Commercialization of Quantum Algorithms
The acquisition will drastically accelerate the commercialization of Kipu’s application- and hardware-specific algorithms as services through the PlanQK platform. This will enable organizations to integrate quantum solutions into their existing processes seamlessly. Kipu Quantum’s CEO, Daniel Volz, stated that their work with customers has demonstrated the feasibility of using today’s quantum processors to solve industrially sized problems without waiting for massive quantum computers.
Michael Falkenthal, the lead architect of the PlanQK platform, emphasized that by merging their deep technical expertise and strengths, they aim to deliver unparalleled value and accelerate access to quantum computing capabilities sooner than anticipated. The PlanQK platform will remain an open, community-driven, enhanced by partnerships and research initiatives to support all quantum innovators.
Enhancing Quantum Computing Accessibility
The acquisition is expected to greatly enhance quantum computing accessibility across various industries, accelerating these sectors towards achieving quantum advantage. Enrique Solano, co-founder and Chief Visionary Officer of Kipu Quantum, emphasized that they share the mission to achieve a first demonstration of quantum advantage by 2026.
Alexandra Beckstein, CEO and co-founder of QAI Ventures, commented that this strategic move confirms Kipu’s commitment to the era of useful quantum computing and positions the company as a frontrunner. Their innovative methods will enhance the ability to deliver high-impact quantum solutions and drive significant advancements in complex real-life computational processes.
The Future of Quantum Computing
The acquisition marks an important step towards making useful quantum computing accessible to organizations of all sizes. Kipu Quantum’s technology has the potential to solve industry-relevant problems with orders of magnitude less quantum processor resources than comparable approaches. The company is currently testing its technology with customers in the pharmaceutical, chemical, logistics, and financial industries.
PlanQK, as a pioneer in the field of quantum platforms, has been continuously developed in collaboration with leading universities and companies since 2019. With over 30 successfully tested use cases and more than 100 partners, it is well-positioned to support Kipu Quantum’s mission to make useful quantum computing a reality.
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