QuantumDiamonds is a Munich, Germany based company formed in 2022 by graduates of the Technical University of Munich. The first €3 million of the funding was led by funding led by IQ Capital and Earlybird with additional participation from Onsight Ventures, First Momentum, Creator Fund, UnternehmerTUM, and various angel investors from the semiconductor industry. In addition, the company received €3 million in grant funding from the European Innovation Council (EIC) Accelerator and the Bavarian state to bring the total to €7 million. The company develops atom-sized quantum sensors for non-destructive, nano-scale imaging of magnetic fields based upon nitrogen-vacancy (NV) diamond technology. These types of sensors can be useful for semiconductor manufacturing, medical diagnostic applications, and other applications. The company indicates that four of the world’s top 10 semiconductor manufacturers are testing their devices. They will be using the funds to hire more quantum engineers and to take the product form the current prototype status to commercial production. Additional information about the funding can be seen on the Tech.eu website here.

November 27, 2023