eleQtron
eleQtron develops and operates quantum computers utilizing trapped ions and radio frequency control through its proprietary MAGIC (Magnetic Gradient Induced Coupling) technology. These systems can perform complex calculations significantly faster than conventional supercomputers, addressing challenges in fields such as material science, logistics, and finance.
- Quantum Computing
Funding
Raised to date
$91.8MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
$62.1M across 1 disclosed round
EIIINBP+1€57M · Series A
Announced May 2026
Disclosed cumulative: $62.1M
Reported total $91.8M
Incomplete round history. $29.7M of the $91.8M reported total isn’t matched to a known round.
Founders
Product
Problem
Conventional supercomputers struggle with complex calculations required for advancements in material science, logistics, and finance. These limitations hinder progress in solving computationally intensive problems across various industries.
Solution
eleQtron develops and operates quantum computers that leverage trapped ions and radio frequency control via its proprietary MAGIC (Magnetic Gradient Induced Coupling) technology. This approach enables the systems to perform calculations significantly faster than traditional supercomputers for specific problem types. The MAGIC technology uses microwaves to control qubits, offering enhanced precision and scalability compared to laser-based control methods. eleQtron aims to provide quantum computing resources to companies, institutions, and researchers, facilitating advancements in diverse fields.
Target Audience
eleQtron's primary customers include companies, research institutions, and organizations in industries such as material science, logistics, and finance seeking advanced computational capabilities.
Features
- Quantum computers utilizing trapped ions and radio frequency control
- Proprietary MAGIC (Magnetic Gradient Induced Coupling) technology for qubit control
- Microwave-based qubit control for enhanced precision and scalability
- Focus on solving commercial problems in material research, logistics, supply chain management, pharmaceuticals, big data, and risk management