QuantumDiamonds Raises €7M in Seed Funding
Summary
The round was led by IQ Capital, Earlybird, Onsight Ventures, First Momentum, Creator Fund, UnternehmerTUM, and various angel investors from the semiconductor industry, who have together invested €3m, while €4m is provided by the European Innovation Council (EIC) Accelerator and the Bavarian state in grant funding. The company intends to use the funds to launch its first commercial product and expand quantum engineering team. Founded in 2022 by Dr. Kristina Liu (COO), Dr. Fleming Bruckmaier (CTO), and Kevin Berghoff (CEO), QuantumDiamonds develops sensors that enable non-destructive, nano-scale imaging of magnetic fields, among others. The company produces its core technology with defects in synthetic diamonds known as nitrogen-vacancy (NV) centres. The technology has applications across several industries including semiconductor manufacturing and medical diagnostics.