M&ATMTSIGNED
Indra and Digital SEPI Lead Qilimanjaro Quantum's New Funding Round, Raising €19.6 Million
Value
€19.6M
Acquirer
Indra, SETT
Target
Qilimanjaro Quantum
Indra, along with the Spanish state-owned digital holding company SEPI, has co-led the initial closing of Qilimanjaro Quantum's new funding round, securing €19.6 million. The company aims to raise up to €50 million in total to industrialize its quantum computers, advance new chip development, and increase manufacturing capacity.
✦ Meridian Analysis
This is a signed funding round for Qilimanjaro Quantum, co-led by strategic investors Indra and Digital SEPI. The €19.6 million raised represents the initial closing of a larger target of up to €50 million, with details on the remaining tranche and its investors not provided. The specific use of funds for industrialization and manufacturing capacity expansion is stated, but valuation and future funding needs are not disclosed.
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