Munich startup planqc secures €50M for ‘Made in Germany’ quantum computers

German quantum computing startup planqc yesterday announced a Series A raise of €50mn. A mere 18 months after its founding, the startup has already scaled its digital atom-based technology to over 1,000 qubits — something that puts it on par with industry giant IBM. The company is a spinout from the Max Planck Institute, and its technology was built at the Institute’s Quantum Optics (MPQ) department. Planqc says it expects to scale to 10,000 or even 100,000 qubits “in the next couple of years.” That would be a significant milestone not only for planqc, but for the European quantum computing…

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