Terra Quantum Welcomes Investcorp as New Investor

ST. GALLEN, Switzerland, Feb. 9, 2023 — Terra Quantum AG has announced the onboarding of Investcorp as its newest investor. Quantum has become the most important global technology race where governments, corporations as well as participants of the financial ecosystem focus on leveraging frontier technologies to capture currently untapped opportunities and to strengthen the information and data security.

Terra Quantum’s expertise in quantum security and quantum cryptography is the basis of an end-to-end solution enabling customers to utilise existing trust-less fibre infrastructure for efficient and secure high-bandwidth Quantum Key Distribution (QKD) over long distances. This deep understanding is further leveraged to develop quantum resistant blockchain and crypto algorithms.

Terra Quantum’s hybrid approach towards quantum computing, which couples classical computing with the evolving quantum technology space, enables customers to achieve a quantum advantage for their processes and business performance enhancements already today by bridging the gap between classical computing and quantum technology. The proprietary technology provides meaningful solutions to a variety of multi-billion-dollar industries, including Aerospace, Financial Services, Automotive, Chemicals, Utilities and Healthcare.

As a leading global alternative investment firm, Investcorp, focuses on investing in growing, high-tech companies, signaling on the one hand the critical nature of this technology and on the other hand Terra Quantum’s expertise as the company accelerates the commercialization of its products. Adding Investcorp to the existing investor base, which includes Europe’s leading venture capital firm Lakestar and two of the largest and globally renowned German family offices, Terra Quantum has the backing of a truly entrepreneurial investor base with deep roots across pharmaceuticals, logistics, payment, blockchain and the wider cyber security spaces.

Terra Quantum CEO and Founder Markus Pflitsch said: “This is an important step for Terra Quantum, as we not only demonstrate ‘Private Equity’-readiness, but also signal that same readiness to the broader quantum technology market. Many companies are currently struggling to find investors, but we are dedicated to drive the quantum ecosystem.”

“Terra Quantum is highly relevant to many of our current and future high-growth portfolio companies, and we have seen full alignment on our core values: having integrity and being performance-driven, collaborative, entrepreneurial and global,” commented Gilbert Kamieniecky, head of Global Tech at Investcorp.

Herve Francois, who manages Investcorp’s blockchain fund, added: “Our investment in Terra Quantum aligns with our interest in transformative technologies such as Blockchain combined with Quantum Computing. We are very proud to contribute to Terra Quantum’s trajectory with our deep expertise on cybersecurity, cryptography, and distributive ledger technology.”

About Terra Quantum

Terra Quantum Group is a leading quantum technology company based in Germany and Switzerland. It provides “Quantum as a Service (QaaS)“ in three core areas, the first one being “Quantum Algorithms as a Service”. Here, customers are provided access to an extensive library of algorithms, such as hybrid quantum optimization and hybrid quantum neural networks, which can be used for solving complex logistics problems or pattern recognition, among other things.

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Source: Terra Quantum

 

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