European quantum computing startup planqc has secured a €29m ($32m) contract from German Aerospace Center (DLR) to develop a digital neutral-atom-based quantum computer.

Based in Munich’s Quantum Valley, planqc will be required to build a 100-qubit computer in three and a half years.

The quantum computer will be installed in the DLR Innovation Center in Ulm, Germany.

DLR expects planqc to develop a scalable quantum computer, which will be integrated into DLR’s quantum computing stack under the DLR Quantum Computing Initiative (DLR QCI).

Quantum computing technology is said to be capable of solving complex problems much faster than regular supercomputers.

It can be used in fields such as designing new drugs or materials, as well as tackling problems in areas like transportation, energy, and finance.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Areas identified by DLR where quantum computers can be used include quantum materials, machine learning, satellite optimisation, and simulation of chemical reactions for more efficient batteries.

DLR QCI hardware lead Karla Loida said: “The QCI pursues different technological approaches to investigate their respective advantages and disadvantages. With this project, we are adding another promising technology to our quantum computer portfolio at the Ulm site.”

Founded just over a year ago, planqc is also working with partners Menlo Systems and ParityQC who will provide critical components for the laser systems, software, and architecture.

planqc CEO and co-founder Alexander Glätzle said: “We are very proud that DLR relies on planqc as the technology leader in the field of neutral atoms to build a quantum computer.

“This order is an important milestone in our commercialisation and growth strategy, which envisages expanding into other key industries and opening up global markets as a next step.”