Quantistry Secures 3M Euros Funding to Drive Quantum and AI-based Sustainable Materials Discovery

Quantistry Secures 3M Euros Funding to Drive Quantum and AI-based Sustainable Materials Discovery

VoM News Desk | March 12, 2024 | 12:31 PM IST | Breaking News | Follow on Google News

Quantistry Secures 3M Euros Funding to Drive Quantum and AI-based Sustainable Materials Discovery

Quantistry Secures 3M Euros Funding to Drive Quantum and AI-based Sustainable Materials Discovery

Berlin, Germany – March 12, 2024: Berlin-based innovator Quantistry has successfully concluded a €3 million funding round, led by Ananda Impact Ventures, aimed at advancing the discovery of sustainable materials through its Quantum and AI-powered chemical simulations platform.

Revolutionizing R&D Landscape

Quantistry’s cloud-native simulation platform integrates quantum technologies, physics-based simulations, and machine learning to tackle challenges in industrial research and development (R&D). By leveraging quantum-based simulations and AI-driven insights, Quantistry aims to optimize, discover, and design innovative materials, addressing cost, expertise, and innovation speed issues.

Strategic Contributors to Funding Round

With contributions from Ananda Impact Ventures, Chemovator (BASF’s business incubator), IBB Ventures, and a Family Office, the funding positions Quantistry to expedite its transformation of chemical R&D, fostering sustainable solutions for various fast-growing industries.

Holistic Approach to Sustainability

Quantistry’s comprehensive computational platform comes at a crucial time when industries seek greener alternatives. The company’s technology enables rapid testing and development of new materials essential for applications like next-gen batteries, polymers, alloys, and carbon capture. With a focus on sustainability, Quantistry empowers global leaders in strategic industrial sectors to address contemporary challenges through Quantum and AI-based solutions.

Marcel Quennet, CEO of Quantistry, emphasized the democratization of technology and shaping the future of chemical R&D and materials science from Quantum to AI.

Alina Bassi, Investment Manager at Ananda Impact Ventures, sees Quantistry playing a key role in the future of sustainable materials, utilizing quantum chemistry, chemical simulations, and AI.

About Quantistry

Quantistry stands at the forefront of the SaaS chemical space, offering an intuitive cloud-native chemical simulation platform for the design and discovery of sustainable materials. The company’s mission is to shape the future of chemical R&D and material discovery by leveraging quantum technology, multiscale modeling, and AI.

About Ananda Impact Ventures

Founded in 2010, Ananda Impact Ventures is one of Europe’s oldest impact funds, managing a portfolio of 36 companies across DACH, the UK, Benelux, and the Nordics. With a focus on environmental and social challenges, Ananda has raised €200M in capital to address the United Nations’ Sustainable Development Goals.

About Chemovator & IBB Ventures

Chemovator

Chemovator is the business incubator of BASF, offering a protected space for testing new business ideas, products, or innovative services. The company, founded in 2018, supports Venture Teams from early validation to successful commercialization, providing coaching, mentoring, and network opportunities.

IBB Ventures

IBB Ventures, a market leader in early-stage financing, has been providing venture capital to innovative Berlin-based companies since 1997. Financed by Investitionsbank Berlin and the European Regional Development Fund, IBB Ventures has invested in over 260 creative and technology companies.

VoM News Desk

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