# Terra Quantum

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/terra-quantum

- Industry: IT Infrastructure
- Headquarters: St. Gallen, Switzerland
- Website: www.terraquantum.swiss
- Total disclosed funding: $60M
- Latest round: Series A (Jan 20, 2022)
- Investors on record: 1

## About

Terra Quantum AG, located in St. Gallen, Switzerland, specializes in quantum technology solutions, offering innovative products that enhance performance across various industries.Founded in 2018 by Markus Pflitsch, Terra Quantum AG focuses on delivering advanced quantum technology solutions. The company is headquartered in St. Gallen, Switzerland, and has successfully completed 5 deals, with its most recent funding occurring on February 9, 2023, during a Series A round, raising a total of USD 15.00 mn.Terra Quantum AG offers a comprehensive suite of quantum technology solutions designed to leverage the unique capabilities of quantum computing and quantum security. Their core product offerings include a hardware-agnostic library of quantum algorithms, enabling clients to design applications that enhance performance across various industries. Additionally, the company provides a hybrid quantum cloud environment compliant with GAIA-X standards, allowing businesses to execute applications with optimal efficiency. Specializing in high-speed and long-distance quantum-secure communications, Terra Quantum addresses critical security challenges faced by industries such as finance, automotive, energy, and life sciences. Their solutions cater to a diverse client base across North America, Europe, and Asia.Terra Quantum's revenue structure is predicated on B2B relationships, where clients engage with the company to utilize its advanced quantum technology solutions. Transactions are primarily facilitated through subscription models and partnerships, allowing organizations to access products and services tailored to their specific needs. Flagship offerings, such as the TQ42 Studio and TQchem, significantly drive business engagement as companies seek to harness quantum algorithms for enhanced computational capabilities. Pricing plans for these solutions are structured to align with varying scales of client operations, ensuring organizations of different sizes can benefit from Terra Quantum’s technological advancements. Revenue is primarily generated through contractual agreements that establish clear terms for the provision and utilization of their innovative quantum solutions.With the recent funding raised in February 2023, Terra Quantum AG will accelerate the commercialization of its products. The company is actively designing upcoming new products to enhance its offerings further, though specific release dates have not been disclosed. Terra Quantum plans to expand into new markets, particularly targeting regions in North America and Asia, to increase its global footprint. The funding will play a crucial role in supporting these initiatives, enabling the company to strengthen its presence in the rapidly evolving quantum technology landscape.

## Funding rounds

- Series A, Jan 20, 2022, $60M — Lakestar
- Seed, Jun 1, 2019 — Lakestar

## Investors

- Lakestar (https://capitalatlas.ai/funds/lakestar) — Seed, Series A