Terra Quantum
Terra Quantum offers Quantum as a Service, including quantum algorithms, computing, and security, serving industries such as energy, automotive, financial services, and life sciences & health care. Recognized as Europe's highest-valued quantum technology company, it has raised $100M in funding and collaborates with various partners to drive innovation and expand its market reach.
Services
Terra Quantum offers a range of Quantum as a Service solutions, including quantum algorithms, quantum computing, and quantum security. The company's quantum security offerings include post-quantum encryption, truly random key generation, and secure key distribution. Its algorithms are hardware agnostic, ensuring sustainability and scalability for future applications. Terra Quantum provides quantum-enhanced solutions across optimization, machine learning, and simulation, integrating both classical and quantum computing.
Industries Served
Terra Quantum serves a variety of industries, including energy, automotive, financial services, and life sciences & health care. The company leverages its quantum technology to provide tailored solutions, such as improving steel production efficiency with Quantum AI in collaboration with POSCO Holdings and pioneering motion with quantum computing and AI with Schaeffler Group. These industry-specific applications highlight Terra Quantum's versatility and capability to address complex, sector-related challenges.
Funding
Terra Quantum has raised $100M in funding from some of Europe's leading investors. This significant financial backing underscores the confidence investors have in the company's ability to lead in the field of quantum technology. The funds are used to further develop and expand Terra Quantum's service offerings and market reach, including strategic collaborations and enhancements to their quantum infrastructure and capabilities.
Strategic Partnerships
Terra Quantum has formed several strategic partnerships to drive innovation and market expansion. Notable collaborations include a partnership with MegazoneCloud to enhance quantum innovation across Asia and a strategic alignment with Quantum Strategy Institute to support the 2024 International Quantum Strategy Day competition. Other key partnerships include working with NVIDIA to integrate hybrid quantum computing and collaborating with QMware to develop a hybrid quantum cloud platform that complies with GAIA-X, GDPR, and CCPA data handling standards.
Technological Innovations
Terra Quantum is at the forefront of technological advancements in quantum computing. The company has launched TQ42 Cryptography, an open-source post-quantum cryptography library offering comprehensive post-quantum algorithms, security functions, and key management capabilities. Terra Quantum is also developing superconducting Quantum Processing Units (QPUs) and exploring new ferroelectric materials for classical chip development. Their hybrid quantum cloud platform integrates quantum and classical computing for applications in optimization, machine learning, and simulation.