planqc Receives a Seven Figure Euro Investment from European Deep Tech Fund Amadeus Apex

Amadeus Apex was very recently formed by two venture capital firms, Amadeus Capital Partners and Apex Venture, specifically targeting  early-stage start-ups in the deep-tech space. They have made a seven figure investment in planqc as one of their initial investments bringing planqc's total funding to about €6 million ($6.3M USD) so far. The company had previous had a funding round of €4.6 Million ($4.82M USD) in June of 2022. In addition, Dr. Hermann Hauser, a co-founder and venture partner of Amadeus Capital has been added to planqc's Board of Directors. Dr. Hauser has a long and successful track record in helping to set up and invest in deep tech startups including Acorn Computers and Arm, among others. Planqc is a company located in what is called the Munich Quantum Valley and was formed as a spin-out from the Max-Planck-Institute of Quantum Optics and Ludwig-Maximilians-University Munich. They are developing a quantum processor based upon neutral strontium atom technology. Additional information can be found in an announcement posted on the planqc website here.

February 24, 2023