Munich based quantum computing startup Peak Quantum has secured 2.2 million EUR in a pre-seed funding round led by Cloudberry Ventures. Participation in the round also included United Founders, QAI Ventures, Golden Egg Check, and several business angels with industry experience. This investment brings the company total funding to more than 5 million EUR to date.
Peak Quantum focuses on the development of error resistant superconducting quantum chips and processors designed for scalable industrial applications. The company has previously secured support through public funding mechanisms, including the EU Chips Act. The startup was recently selected to operate the European quantum chip pilot line known as Supreme.
The new capital is earmarked for the continued development of the company technology and the construction of a European pilot production line for superconducting quantum processors. Peak Quantum intends to use the funds to advance its chip designs and launch initial pilot projects with various industry and research partners.
Peak Quantum focuses on the development of error resistant superconducting quantum chips and processors designed for scalable industrial applications. The company has previously secured support through public funding mechanisms, including the EU Chips Act. The startup was recently selected to operate the European quantum chip pilot line known as Supreme.
The new capital is earmarked for the continued development of the company technology and the construction of a European pilot production line for superconducting quantum processors. Peak Quantum intends to use the funds to advance its chip designs and launch initial pilot projects with various industry and research partners.