Terra Quantum Raises $60M in Series A Funding

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Terra Quantum is a Quantum-as-a-Service company based in Zurich, Switzerland. It raised $60M through Series A funding.

Lakestar and others led the round.

The funds will be used by the company for research and acceleration of international expansion.
Terra Quantum, founded and run by Markus Pflitsch (CEO), is a quantum technology company that focuses on three key areas. Quantum Algorithms as a Service is the first. This includes a large library of algorithms that customers can use for pattern recognition and quantum-based optimization. Customers can also request new algorithms or modify existing ones. Quantum Computing as a Service provides customers access to high-performance logical qubits that will give them real quantum benefits. Quantum Security as a Service offers quantum security worldwide through its unique quantum secure communications and QKD solutions.

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