Qilimanjaro Secures €19.6M for Quantum Computing

Barcelona-based Qilimanjaro Quantum Tech has secured €19.6 million in the first close of its Series A to industrialise superconducting quantum hardware and expand manufacturing capability.

What happened

The financing includes €10 million from Spanish technology and defence group Indra through IndraMind and €9.6 million from Spain's public technology investment organisation SETT. Qilimanjaro develops systems based on superconducting fluxonium qubits and combines analogue and digital quantum computing with conventional high-performance computing. The company reports having deployed eight quantum systems, including three integrated at the Barcelona Supercomputing Center. The funding will support chip development, manufacturing and industrialisation. Because this is a first close, €19.6 million may not represent the final size of the Series A.

Why it matters

Commercial quantum computing requires more than promising qubits. Companies need cryogenics, control electronics, manufacturing and integration with classical systems. Qilimanjaro is trying to build a fuller technology stack that can operate within existing high-performance computing environments.

The bigger picture

Strategic investment from Indra also points to growing interest in quantum technology for industrial and defence applications. Long-term value will depend on independently verified performance, error rates and whether customers can solve useful problems more effectively than with classical systems.