Dubai, UAE – QInnovision Consortium is excited to announce that Kipu Quantum, a leading member of our consortium, has successfully acquired PlanQK, the German quantum computing platform developed by Anaqor AG. This strategic acquisition marks a significant milestone in making quantum computing more accessible to organizations of all sizes, including industrial, academic, and governmental entities.
Strategic Acquisition
The PlanQK platform, renowned for its robust capabilities and extensive ecosystem, will be integrated into Kipu Quantum’s portfolio. Along with the platform, key members of PlanQK’s team of experts have joined Kipu Quantum. This combination is set to lead the way in advancing quantum computing accessibility and application across various sectors.
Boosting Innovation and Accessibility
This acquisition follows Kipu Quantum’s successful €11.4 million second closing of the seed funding round led by HV Capital and DTCF in late 2023. The well-established and industry-recognized PlanQK platform boasts a constantly growing quantum ecosystem of more than 100 organizations. It enhances accessibility to quantum computing for a broad range of users, including leading companies such as BASF, DB Systel GmbH, T-LABS, and TRUMPF.
Transforming Industries
By combining their strengths, Kipu Quantum and the PlanQK team are poised to significantly enhance quantum computing accessibility across various industries. This includes pharmaceuticals, chemicals, logistics, and finance, accelerating these sectors towards achieving quantum advantage. The integration of PlanQK’s platform and expertise will drive innovation and practical applications of quantum technology, paving the way for groundbreaking advancements.
Strategic Integration for Accelerated Growth
Michael Falkenthal, lead architect of the PlanQK platform stated, “By merging our deep technical expertise and strengths with Kipu Quantum, we aim to deliver unparalleled value and accelerate access to quantum computing capabilities sooner than anticipated. PlanQK will remain an open, community-driven platform, enhanced by our partnerships and research initiatives to support all quantum innovators. Together, we will facilitate seamless integration of quantum solutions into existing organizational processes, significantly broadening the reach and application of advanced quantum technologies.”
The acquisition will drastically accelerate the commercialization of Kipu’s application- and hardware-specific algorithms, as services through the PlanQK platform, enabling frictionless access for organizations to integrate quantum solutions into their existing processes.
Kipu Quantum’s CEO, Daniel Volz, stated, “Kipu Quantum’s massively compressed algorithms enable the use of today’s quantum processors across multiple industries to solve industrially sized problems, without waiting a decade for massive quantum computers. Our work with customers such as BASF, DLR, and MasOrange has demonstrated that this is feasible. Making our world-leading algorithm services accessible through the PlanQK platform will make our capabilities available to a much wider audience.”
Enrique Solano, co-founder and Chief Visionary Officer of Kipu Quantum emphasized, ”We are delighted to welcome the elite team of PlanQK, bolstering our capabilities. We share the mission to achieve a first demonstration of quantum advantage. We appreciate the unique qualities and talents our new colleagues bring to achieve this mission by 2026. Together, we are here to make history and make useful quantum computing as soon as possible.”
About Kipu
Kipu Quantum is a German company that operates at the intersection of quantum computer hardware and application software layers, developing disruptive application- and hardware- specific quantum algorithms for a wide range of industries. These algorithms are based on a one-of-a-kind compression technology that requires orders of magnitude less quantum processor resources to solve a given problem than comparable approaches. Kipu Quantum’s technology has the potential to solve industry-relevant problems in the order of 1,000 physical qubits and is compatible with any leading quantum hardware. The company is currently testing its technology with customers in the pharmaceutical, chemical, logistics and financial industries.
About PlanQK
PlanQK is the first open community-powered platform and ecosystem for quantum applications, connecting developers, industrial users, researchers, and quantum hardware providers with a platform for the integration, deployment, development, and monetization of quantum services. With over 30 successfully tested use cases and more than 100 partners, PlanQK, is a pioneer in the field of quantum platforms. Initiated in 2019 and supported through a research grant by the German Federal Ministry of Economic Affairs and Climate Affairs it has been continuously developed in collaboration with leading universities and companies.
Call for Demonstration and Upcoming Announcement
In the wake of this acquisition, Kipu Quantum invites interested organizations to experience quantum computing first-hand. Contact us for a demonstration of how our combined expertise can transform your operations.
Stay tuned for a major announcement involving Kipu Quantum as we continue to push the boundaries of technological innovation.
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Contact Information:
Email: info@vernewellgroup.com
Website: www.q-innovision.com
