Is Copenhagen on it’s way to become the Quantum Computer capital of Europe? Bootstrapping asks that in a podcast interview with Jonatan Kutchinsky, co-founder of Quantum Machines, which earlier this year secured € 160 Million (1.2 Billion DKK) in venture capital.
Quantum Machines’ hybrid control technology enables seamless execution of some of the most demanding computational requirements across all types of quantum computers. This versatility has driven its rapid adoption by a majority of quantum computing companies worldwide. Quantum Machines’ collaboration on NVIDIA DGX Quantum, combining accelerated computing with real-time quantum control, further shortens the timeline from breakthrough to practical quantum computers.
Worlds biggest Quantum VC
Copenhagen is also the Headquarter of 55 North, who recently announced world’s largest quantum fund. 55 North is the world’s largest dedicated quantum technology venture capital fund, recently announced the first close of its € 300 Million inaugural Fund I at € 134 Million, establishing its position as the sector’s largest pure-play quantum VC.
The fund was co-founded by three founding GPs, Owen Lozman, Dr. Helmut Katzgraber and Dr. Kai Hudek, who are expert quantum and deep-tech specialists; EIFO (the Export and Investment Fund of Denmark), and Novo Holdings, as anchor investors; and European VC firm Vsquared Ventures and US-based Cambium Capital.
55 North will be investing stage-agnostically across the globe, and has already done two investments, backing European quantum leader IQM in the company’s latest € 275 Million Series B, and co-leading the investment in Kiutra’s € 13 Million Series A.
Listen to Perspectives
But what makes Quantum so compelling to investors, and how does Denmark’s quantum ecosystem measure up in the international race for quantum supremacy?
Listen to the podcast with Jonatan Kutchinsky here, about ideas and perspectives:
