Funding

[Funding alert] Berlin-based Quantistry Secures €3 Million in Funding

Mar 13, 2024 | By Startup Rise EU

Quantistry, an innovator in the field of chemical simulations, has secures €3 million in funding. This significant milestone, led by Ananda Impact Ventures, galvanizes Quantistry's mission to revolutionize the research and development (R&D) landscape through its advanced cloud-native simulation platform powered by Quantum and AI.

Quantistry, an innovator in the field of chemical simulations, has secures €3 million in funding. This significant milestone, led by Ananda Impact Ventures, galvanizes Quantistry's mission to revolutionize the research and development (R&D) landscape through its advanced cloud-native simulation platform powered by Quantum and AI.

With contributions from notable co-investors, Chemovator, the business incubator of BASF, IBB Ventures, and a Family Office, this funding will accelerate Quantistry's efforts to transform chemical R&D and discovery of new materials, promoting sustainable futures across several fast-growing industries.

At the heart of it's groundbreaking approach is its holistic computational platform which integrates quantum technologies, physics-based simulations, and machine learning. This platform addresses the key challenges facing industrial R&D, including high costs, fragmented expertise, and slow innovation.

Read also - London-based Cogna Secures £3.76Million in Funding

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By leveraging quantum-based simulations, multiscale modeling, and AI-driven insights, Quantistry’s powerful cloud-native tool enhances the optimization, discovery, and design of innovative materials, offering unprecedented benefits to industries seeking sustainable solutions.

It's all-encompassing approach comes at a critical time when industries are under increasing pressure to find greener alternatives. The company's technology is poised to make a significant impact by enabling the rapid testing and development of new materials that are essential for a range of applications, from next-gen batteries and polymers to alloys and carbon capture.

By focusing on sustainability and efficiency, Quantistry empowers leaders across strategic industrial sectors worldwide to meet today's challenges through Quantum and AI-based solutions.

Marcel Quennet, CEO of Quantistry, says: “With the backing of Ananda, Chemovator (BASF), and IBB Ventures we've found the perfect partners to realize our vision. It's clear: simulations not only transform the industrial R&D landscape but also steer it towards a greener future—yet, they remain out of reach for many. Together, we're democratizing this technology, shaping the future of chemical R&D and materials science from Quantum to AI.”

Alina Bassi, Investment Manager at Ananda Impact Ventures, adds: “We believe that Quantistry has a key role to play in the future of new sustainable materials, using quantum chemistry, chemical simulations and AI. Ananda brings our knowledge and networks from the chemical industry and that of scaling software, to support Quantistry in their growth towards an ever-growing impactful organization.”

About Quantistry

Quantistry stands at the forefront of the SaaS chemical space, offering the world's most intuitive cloud-native chemical simulation platform, tailored for the design and discovery of new sustainable materials.

Read also - London-based Ada Ventures Secures €73.7 Million in Funding

Leading Quantistry is a diverse team of experts: Marcel Quennet, a quantum chemist, cloud computing specialist, and entrepreneur; Arturo Robertazzi, a computational chemist and science communicator with a robust sales and marketing background; and Stefan Kupferberg, a finance expert and serial entrepreneur.

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