# eleQtron

**Source:** https://www.startuphub.ai/startups/eleqtron
**Profile type:** Startup

> Trapped-ion quantum computing technology for industrial scaling.

## About

eleQtron is a German deeptech company specializing in trapped-ion quantum computing technology. They develop quantum processors based on their proprietary MAGIC (Magnetic Gradient Induced Coupling) technology, which allows for precise and scalable control of qubits using microwave methods. The company focuses on transitioning quantum computing from laboratory development to industrial deployment and commercialization, aiming to address real-world industrial challenges.

## Key facts

- **Slug:** eleqtron
- **Website:** https://www.eleqtron.com/
- **Location:** Siegen, North Rhine-Westphalia, Germany
- **Founded:** 2020-01-01 00:00:00
- **Employees:** 22
- **Operating status:** Active
- **Total funding:** $83M
- **Sectors / tags:** Quantum Computing, Deep Tech, Hardware, Semiconductor, AI Hardware, Industrial Automation
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/eleqtron/

## Frequently asked

### What does eleQtron do?

eleQtron is a German deeptech company specializing in trapped-ion quantum computing technology. They develop quantum processors based on their proprietary MAGIC (Magnetic Gradient Induced Coupling) technology, which allows for precise and scalable control of qubits using microwave methods. The company focuses on transitioning quantum computing from laboratory development to industrial deployment and commercialization, aiming to address real-world industrial challenges.

### What is eleQtron's revenue?

StartupHub estimates eleQtron's annual revenue at $4.2M (range $2.2M to $7.2M, 64% confidence), based on comparable companies in the sector.

### What is eleQtron's valuation?

StartupHub estimates eleQtron's effective valuation at $332.4M (range $207.5M to $498.0M, 22% confidence), based on comparable companies in the sector.

### How much funding has eleQtron raised?

eleQtron has raised a total of $83M in funding. The most recent round on record is Series A.

### Where is eleQtron headquartered?

eleQtron is headquartered in Siegen, North Rhine-Westphalia, Germany.

### When was eleQtron founded?

eleQtron was founded in 2020.

### What industry does eleQtron operate in?

eleQtron operates in Quantum Computing, Deep Tech, Hardware, Semiconductor, AI Hardware, Industrial Automation.

### How many employees does eleQtron have?

eleQtron has approximately 22 people on record.

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