Alpine Quantum Technologies has won $11.1m in a round where the university invested half, in a bid to create a universal quantum computer.
Alpine Quantum Technologies (AQT), an Austria-based quantum computing spinout of University of Innsbruck, has received €10m ($11.1m) from the university and the state-owned Austrian Research Promotion Agency (FFG), Trending Topics had reported.
Each investor contributed $5.5m, with Innsbruck participating through a service agreement with Germany’s Federal Ministry of Education, Science and Research, and FFG leveraging Austria’s National Foundation for Research, Technology and Development.
Founded in 2017, AQT aims to develop a general-purpose quantum computer that would rely on quantum mechanical principles to handle tasks far more complex than currently possible with classical architectures.
AQT’s approach exploits programmable ion-traps to capture charged atoms which would then act as the computer’s quantum information bits (qubits.)
The company has developed 20-qubit technology that has been benchmarked against conventional systems in a simulation of basic molecules. It now hopes to begin conceptual testing of the system in collaboration with industrial…
