Growth capital for quantum cooling startup kiutra
Summary
To calculate and solve complex problems faster than currently possible with supercomputers, to exchange information securely against eavesdropping and to determine physical quantities such as pressure, time, position, speed and magnetic fields with unprecedented accuracy: These promises and more combined with an immense economic potential are some of the possibilities of the second generation of quantum technologies.As extremely low temperatures, close to the absolute zero (-273\xb0C) are often required for their technical use, low-temperature technology is an essential part of the technological backbone in the research and development of quantum technologies. That is exactly what kiutra offers using an innovative magnetic cooling process, without needing expensive and rare liquefied gases. With its compact and highly automated coolers, kiutras commercial success is growing and the company is contributing to the global progress of the quantum revolution. The approach kiutra has already shows today how the cooling of quantum systems as an enabling technology can be designed to be sustainable and scalable in the future.Emma Schepers, Investment Associate at Verve Ventures, adds: We invested in kiutra because at Verve Ventures we firmly believe that now is the time to build a complete ecosystem around quantum technology. With their products, the outstanding team has already convinced major industry players, putting them in a good position to become a market leader.Alexander Regnat, CEO and Co-Founder of kiutra: The second quantum revolution is in full swing and kiutra finds itself in an excellent position to become an essential part of the global Quantum Supply Chain.