Qilimanjaro Quantum Tech

📂 Hardware & Deep Tech📍 Barcelona🗓️ Founded: 2019

Qilimanjaro, of Barcelona, designs analog and digital quantum computers with fluxonium qubits. On 14 October 2026 it announced a €19.6 million first close of its Series A.

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About Qilimanjaro Quantum Tech

Qilimanjaro Quantum Tech is a quantum computing company founded in Barcelona in 2019. It is based at Carrer de Veneçuela 74. The CEO is Marta P. Estarellas and the team has about 80 people of more than 22 nationalities. It describes itself as Spain's only full-stack quantum computing company: it designs its own chips, software and algorithms and builds cryogenics and control electronics. Its technology is analog and digital quantum processors based on superconducting fluxonium qubits, combined with classical high-performance computing. The offering includes on-premises systems (On Prem), cloud access through the SpeQtrum platform and education services (EduQit). The company says it has installed eight quantum systems, three of them integrated with the Barcelona Supercomputing Center, including the first analog quantum computer integrated into a European HPC centre; installations also include TII in Abu Dhabi. Customers are in energy, telecoms, logistics, healthcare and finance. On 14 October 2026 it announced a €19.6 million first close of its Series A: €10 million from Indra Group through IndraMind, via an instrument that converts at closing, and €9.6 million from the public company SETT, with Avançsa and other existing investors taking part. The round is expected to close in the fourth quarter of 2026.

The Story

Founded in Barcelona in 2019, it built a full-stack offer of quantum hardware, software and algorithms and integrated its systems with the Barcelona Supercomputing Center.

How Qilimanjaro Quantum Tech works

Business Model

B2B and public-sector supply of on-premises quantum systems, cloud access and adoption services.

Revenue Model

Sales of systems, cloud access and services; revenue not disclosed.

Products & Services

Key Products

  • Computer quantistici analogici e digitali a qubit fluxonium
  • SpeQtrum (accesso cloud)
  • On Prem (data center quantistici in sede)
  • EduQit (formazione)

Core Use Cases

  • Integrating an analog quantum computer in an HPC centre
  • Applications in energy, telecoms, logistics, healthcare and finance
  • Education and adoption of quantum computing

Market & Clients

Key Customers

Eight quantum systems installed, three integrated with the Barcelona Supercomputing Center; the website cites BSC and TII in Abu Dhabi. Customers in energy, telecoms, logistics, healthcare and finance are not named.

Geographic Presence

ESAE

How Qilimanjaro Quantum Tech competes

Competitive Advantages

  • Full design of chips, software, algorithms, cryogenics and control electronics
  • Integration with the Barcelona Supercomputing Center

How Qilimanjaro Quantum Tech grows

Growth Strategy

Close the Series A in the fourth quarter of 2026 and expand installations, cloud and adoption.

Distribution Model

Direct sales of on-premises systems, cloud access and services.

Key Risks

  • The Series A is a first close: the rest of the round is expected in the fourth quarter of 2026.
  • The advantages of the analog approach over the digital one depend on experimental results.

Strategic Insights

  • The analog and digital approach is integrated with classical computing in HPC centres.
  • The first close is partly a convertible instrument from Indra that becomes equity at closing.

Funding & Investors

Total Funding

€19,6M del primo closing del Series A (14/10/2026). Round precedenti senza importi: SETT e Avançsa sono tra gli investitori esistenti; storico non verificato.

Funding Rounds

  • 2026 - Series A (primo closing): €19.6M
    Lead: Indra Group

Key Investors

Indra GroupIndraMindSETT (Sociedad Española para la Transformación Tecnológica)Avançsa

Founding Team

Key Executives

  • Marta P. Estarellas - CEO

Key Metrics

Dipendenticirca 80 (oltre 22 nazionalità) (2026)

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Sources

🎙️ Scalable Podcast — European startup stories · 🇮🇹 in Italian
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