Startup Of The Week

Startup Of The Week: Terra Quantum

Quantum computing taps into the unusual behavior of atomic and sub-atomic particles to perform far more complex calculations at a massively increased speed compared to today’s computers. The hope is that this could lead to breakthroughs in drug discovery and previously unsolvable problems.

Terra Quantum offers corporates quantum algorithms, software that can run today on classical computers, while the development of quantum hardware proceeds. The company, which is co-headquartered in St. Gallen, Switzerland and Munich, Germany is targeting the energy, financial services, automotive and life sciences sectors. Customers include HSBC, Thales Group and Volkswagen.

“With our hybrid solutions you don’t have to wait for the technology to mature, you can extract value from quantum computing today,” says Vishal Shete, Terra Quantum’s Global Head of Commercialization (pictured here with founder Markus Pflitsch, a quantum physicist and deep tech entrepreneur)

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About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.