Technology Founders Fund Saxony completed an investment in SaxonQ.

Technology Founders Fund Saxony, a private equity firm, completed an investment in SaxonQ, a mobile quantum computing technology. Financial terms were not disclosed. “With SaxonQ, we are consciously investing in a key technology that will further strengthen Saxony as a region of innovation. The systems already in use impressively demonstrate that quantum computing is not just a research topic, but real-world practice. This is precisely what we are building on: We see considerable potential in further development – ​​from new architectural approaches to expanding production capacities – to sustainably advance applications in AI, energy, logistics, and medicine from Saxony,” Sören Schuster, TGFS Managing Director