Planqc, the first start-up from the Munich Quantum Valley, is developing a highly scalable quantum computer based on "nature's best qubits". German start-up Planqc has raised €4,6 million to develop a scalable quantum computer that can store information in individual atoms.
Planqc is the first initiative to emerge from the Munich Quantum Valley, an initiative for the promotion of quantum sciences and quantum technologies in the German state of Bavaria. The research is supported by industry, funders and the Bavarian state government.
What Is Munich Quantum Valley Doing?
Munich Quantum Valley (MQV)is an initiative for the promotion of Quantum Sciences and Quantum Technologies in Bavaria and is supported by the Bavarian state government. As a hub for research, industry, funders and the public, it is intended, among other things, to assist in the development and operation of competitive quantum computers in Bavaria.
It was established on January 27, 2022 with the support of the following institutions.
- MQV eV Bavarian Academy of Sciences and Humanities (BadW)
- German Aerospace Center (DLR)
- Fraunhofer Society (FhG)
- Friedrich-Alexander-Universität Erlangen-Nuremberg (FAU)
- Ludwig-Maximilians-Universität München (LMU)
- Max Planck Community (MPG)
- Technical University of Munich (TUM).
The aim of the MQV eV is the promotion of science as well as education and training with a Bavarian focus. In particular, this goal is achieved through the development of a Center for Quantum Computing and Quantum Technology (ZQQ), the initiation and coordination of the joint purchase of third party funds by the members of the association, the coordination and management of jointly initiated work. It is the support of financing institutions in the call for proposals, evaluation and coordination of consortia and third-party-financed projects and third-party-funded projects.
It aims to create a unique center for quantum sciences and technologies (QST). It thus aims to make Bavaria and Germany an important center for research and development in this important future field.
With its excellent educational and research institutions as well as a dynamic industrial and entrepreneurial high-tech environment, the Munich metropolitan area offers optimal starting conditions for the Munich Quantum Valley.
Other important Bavarian and national research institutions and universities with strong activities in QST will be productively connected and engaged in MQV. Based on the strength of its founding institutions and long-term corporate finance, MQV will play a key role in the national and European quantum strategy.
Returning to the content of our article;
planqc, Max Planck Institute for Quantum Optics (MPQ) and Ludwig Maximilians University (LMU) was founded in April of this year by a team of scientists. The funding round was led by UVC Partners and Speedinvest.
startup team, Quantum computers currently have qubits and noted that the door is limited in terms of quality. While the number of qubits can limit the amount of information that can be processed, imperfect gates can cause errors in calculation.
The Future of Quantum Computers
For a quantum computer to solve real-world problems, scaling to thousands of qubits is one of the biggest hurdles in quantum computing, and that's what Planqc wants to overcome using a combination of quantum technologies.
“When our quantum computers demonstrate a quantum advantage for an industry-related problem, they will have a huge social and economic impact,” said Alexander Glätzle, CEO of Planqc.
Planqc said quantum computers store information about "nature's best qubits" that can be arranged into atoms or highly scalable artificial light crystals. Quantum information is then processed with quantum gates based on precisely controlled laser pulses.
The startup aims to capitalize on MPQ's groundbreaking research combined with German laser and photonic technology.
“Planqc's quantum computers are built on the precision of the world's best atomic clocks, the world's best quantum gas microscopes and high-speed Rydberg gates,” said Sebastian Blatt, Planqc CTO.
The founding team includes Glätzle and Blatt, as well as researchers Johannes Zeiher and Lukas Reichsöllner.
Joining them is Ann-Kristin Achleitner, a financial expert who is a member of several supervisory boards, and Markus Wagner, founder of corporate development firm i5invest.
The team is also supported by scientific advisors Immanuel Bloch and J Ignacio Cirac, both directors at the MPQ.
“I am excited to see Planqc come to life, which will enable the technological advances of our research teams at MPQ and LMU to be commercialized for applications in quantum computing and simulation and beyond,” said Bloch.