Danish Startup Kvantify Raises €10M to Integrate Quantum Computing with Life Sciences

A €10 million seed funding round led by Danish venture capitalist Dreamcraft, biotech financier Lundbeckfonden BioCapital, alongside private investment firm 2degrees, has been shut down by Danish quantum software developer Kvantify. Other notable investors include Danish lead quantum VC 2xN, an international startup investor with a focus on certain industries, and EIFO, which is well-known for its investments in NIL Technology and EvodiaBio.

Usage of Funds

With the help of this finance, Kvantify will be able to maintain its position as the industry leader in quantum computing while concentrating primarily on creating applications for the health sciences. The investment will hasten the development of novel approaches that use quantum computing to address challenging issues in the discovery of drugs and other fields. It will also encourage the advancement of quantum computing techniques for chemical simulations, increasing their industry-wide application.

The Company’s Concept

In 2022, Nikolaj Zinner, Hans Henrik Knudsen, and Allan Grønlund launched Kvantify intending to enable enterprises without specialized skills to leverage the revolutionary power of HPC and quantum computing. Acknowledging the potential of new technologies to address intricate problems that go beyond the capability of traditional computers, they put together a team of highly skilled specialists in cloud computing, chemistry, mathematics, and physics to meet their challenging objectives.

Read the full news: Danish Startup Kvantify Raises €10M to Integrate Quantum Computing with Life Sciences