Qilimanjaro Quantum Tech Raises €19.6 Mn in Series A Funding Led by Indra Group

The round was led by Indra Group through IndraMind, its sovereign AI initiative, which invested €10 million.

“SETT’s renewed commitment and Indra’s investment bring sovereign and industrial capital together to protect, while also accelerating, national technological autonomy. Together, we are joining forces to bring quantum computing closer to strategic industrial sectors and to ensure that the quantum technology being built in Spain continues to grow in Spain,” said Marta P. Estarellas, CEO of Qilimanjaro Quantum Tech.

“Quantum computing will mark a decisive leap in the evolution of artificial intelligence and its ability to solve highly complex problems. With this transaction, Indra Group strengthens its position in this strategic field, while IndraMind expands the capabilities it can use to develop sovereign, differentiated solutions for defence, security and industry,” said Ignacio Martínez, General Manager of IndraMind.

Qilimanjaro Quantum Tech was founded in Barcelona in 2019. It was created by Dr. Pol Forn Díaz, Dr. Victor Canivell, Dr. José Ignacio Latorre, Jordi Blasco and Dr. Artur Garcia Sáez. The company started as a spin-off from IFAE, the Barcelona Supercomputing Center (BSC) and the University of Barcelona.

The company develops complete quantum computing systems. It builds its own chips, software and algorithms and combines them with cooling systems and electronic controls to create working quantum computers.

Qilimanjaro’s technology uses digital and analogue quantum processors based on superconducting fluxonium qubits. These qubits are designed to maintain their quantum state for longer and can be more resistant to errors than conventional transmon-based qubits.

The company combines analogue and digital quantum processors with powerful traditional computers. This approach helps Qilimanjaro develop flexible quantum computing systems and sets its technology apart from other companies in the field.

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