Technology & AI

Qilimanjaro Quantum raises €19.6 million, backed by Indra Group

Indra Group supplied €10 million of an initial €19.6 million tranche for Qilimanjaro Quantum Tech.

By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .

This story is no longer being updated. It reflects reporting up to .

What happened

Qilimanjaro Quantum Tech completed a first close of its Series A round, bringing in €19.6 million, about $22 million. Indra Group put €10 million of that total into the company. The round's first close is now complete with that funding.

Why it matters

The first close brings €19.6 million into the quantum company's Series A round. The funding is the amount the reports describe as raised so far.

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