The round was led by Quantonation with additional participation from previous investors UVC Partners, btov Industrial Technologies and High-Tech Gründerfonds (HTGF). HQS Quantum Simulations develops quantum algorithms to predict molecular properties for performance materials, specialty chemicals and pharmaceutical companies. In addition, they have developed software that can initially be run on classical computers but can be transferred to quantum computers once more powerful quantum computers are available. They are part of the Q-Exa consortium which aims to install in the first quantum computer manufactured in Germany at the Leibniz Supercomputing Centre by the end of this year. They will use the funds to enhance its HQS Quantum Assisted Design cloud platform while expanding its open-source library, called Active Space Finder. More information about HQS and this new funding can be found in a news release located on the HQS website here.

January 25, 2022