HQS Quantum Simulations drives quantum revolution with fresh capital and strengthened team

HQS Quantum Simulations, Europe’s leading startup for complex quantum simulations, receives further capital injection and strengthens its management team.

The TRUMPF Group’s corporate venture capital unit, TRUMPF Venture, joins the company with a €1M investment as part of a second closing of the Series A financing round closed last year.

Leading manager Michael Bolle, most recently CTO and CDO of Robert Bosch GmbH, joins the Advisory Board of the quantum startup. He brings along years of experience as a technology expert and leading manager. He is primarily dedicated in his new role to the technological development of HQS Quantum Simulations’ software.

TRUMPF Venture, the new investor, shares their conviction on the investment: “Quantum simulation will set completely new standards for industrial applications in the future and the HQS Quantum Simulations team is one of the few pioneers in this field. We are confident that HQS Quantum Simulations will become one of the key companies for the next generation of digitally networked industry,” says Dieter Kraft of Trumpf Venture II GmbH. “On the one hand, quantum simulations can be fully integrated into existing workflows using the HQS Quantum Simulations approach. More crucially, the software runs both on current high-performance computing systems, but can also be seamlessly applied to quantum systems”

You can read more details on the company’s website.