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Why now is the right time to invest in European quantum computing

March 1, 2021

Why now is the right time to invest in European quantum computing

In the longer term, solid-state approaches (superconducting qubits, spins, photons) should catch up,” says Christophe Jurczak, founder of Quantonation, the quantum-focused VC fund. Meanwhile Terra Quantum, a Swiss-based quantum computing startup, has celebrated another big hire with high-profile physicist Valerii Vinokur from the Argonne National Laboratory in the US. Markus Pflitsch, cofounder Terra Quantum, says that big shot professors joining startups is a sign that smaller quantum companies are being taken increasingly seriously. “If a lab can do that it shows that small companies can compete in quantum if they have a breakthrough,” says Daniel Carew, principal at IQ Capital. “There is a trend for academics going to startups now, and it is a good sign when the seasoned professionals start joining,” says Pflitsch. Finnish superconducting quantum computer maker IQM, which raised a €39m Series A round in November, has more than doubled its headcount in the last year. Riverlane, a Cambridge-based startup which raised a £14.6m last month, is looking to double its team of 26 this year.

Article from Sifted.