New-TechEurope Magazine | OCT 2019

Latest News

Robert Bosch Venture Capital invests in Quantum Computing Startup IonQ

RBVC joins US$ 55m+ round alongside New Enterprise Associates (NEA), GV, Samsung Catalyst Fund, Mubadala Capital and others IonQ’s trapped-ion approach offers the most promise for making reliable, scalable quantum computing a reality RBVC Managing Director Dr. Ingo Ramesohl: “We are excited to work

optimization problems — from helping identify the best delivery routes for shipping companies to helping hardware designers produce more energy-efficient materials and batteries. IonQ’s trapped-ion approach offers the most promise for making reliable, scalable quantum computing a reality. Recently, the company built the largest

with one of the most renowned teams in Quantum Computing.” Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, has participated in an extension of the recent funding of IonQ, which comprises a sum of over 55 million US dollars. The US based start-up develops and commercializes Quantum Computers. “We are excited to work with one of the most renowned teams in Quantum Computing,” says RBVC Managing Director Dr. Ingo Ramesohl. “Commercially useable Quantum Computers could disrupt the way we develop products at Bosch.” IonQ plans on making its computers commercially available via the cloud and developing next-generation systems for programming these machines. The Quantum Computing Race In comparison to digital High Performance Computing, Quantum Computers could exponentially speed up solving e.g. hard

programmable quantum computer to date, demonstrating performance benchmarks that no other quantum computer has been able to match. Excellent Team and Investors In addition to the founding scientific heavy-weights Chris Monroe and Jungsang Kim, IonQ attracted excellent engineering and commercial talent around CEO Peter Chapman. “This investment round marks a key milestone in our effort to make quantum computing commercially viable,” says Peter Chapman. “RBVC is a great addition to our investor base. Big industrial groups like Bosch are front-runners in real life applications for quantum computers.” The early backers New Enterprise Associates (NEA), GV and Amazon are now joined by a broad consortium of financial and industrial investors like Mubadala Capital, Samsung Catalyst Fund and RBVC.

Stronger leadership ensures continued success for Advantech Europe

Impressive growth across Europe has led Advantech Europe to strengthen its leadership with the appointments of Jash Bansidhar as Managing Director and Dirk Finstel as Deputy Managing Director. Under their guidance, the company will continue its successful sector-led model, with Bansidhar and Finstel co-leading and sharing responsibilities for greater synergy and productivity. The move coincides with other significant organizational changes, including enhanced centralisation of key functions.

Alongside his new responsibilities, Finstel retains his role as Chief Technical Officer: leading the expansion of Advantech’s in-house hardware and software IoT skills including intelligent sensors, AI/machine-learning and IoT platform services. Eric Chen, President of General Management Advantech stated that, “Under the leadership of Jash and Dirk, Advantech will further enhance domestic operations in the European market. “At the same time, our Taiwan headquarters will play

10 l New-Tech Magazine Europe