Business · Companies · 3 hrs ago
Indra and Spain’s technology agency invest €19.6 million in Qilimanjaro
Catalan startup Qilimanjaro raised €19.6 million in a Series A funding round.
Indra Group is investing €10 million, while Spain’s Society for Technological Transformation, or SETT, is investing €9.6 million.
The company develops analog and digital quantum computers, a type of computing technology that uses quantum effects to process information.
Founded in 2019, Qilimanjaro has made quantum computers installed at the Barcelona Supercomputing Center.
The new funding will help Qilimanjaro scale and industrialize its computers and advance its projects.
Indra says the investment will strengthen its capabilities in areas including defense, security, artificial intelligence and robotics.
The deal supports Indra’s wider expansion in Catalonia, where the company has said it aims to increase revenue and create skilled jobs before 2027.
Qilimanjaro Quantum Tech announced a €19.6 million Series A funding round, backed by Indra Group and Spain’s technology agency SETT.
Indra invested €10 million through its IndraMind technology investment platform, while SETT invested €9.6 million.
The Barcelona-based company develops analogue and digital quantum computers and plans to use the funding to scale and industrialise them.
Indra said the investment would strengthen its capabilities in areas including defence, security and industry.
Qilimanjaro has built quantum computers integrated at the Barcelona Supercomputing Center.
- Who
- Qilimanjaro Quantum Tech, Indra Group and the Spanish Society for Technological Transformation (SETT).
- What
- Indra invested €10 million and SETT invested €9.6 million in Qilimanjaro’s €19.6 million Series A round.
- When
- Qilimanjaro announced the round on Wednesday, 14 October 2026.
- Where
- Qilimanjaro is based in Catalonia, Spain.
- Why
- The funding is intended to help Qilimanjaro scale and industrialise its quantum computers. Indra said it would strengthen its position in a strategic field and support new developments.
This story does not have two clearly opposing sides.
Qilimanjaro was founded.
Indra announced a strategic plan for Catalonia that included 19 agreements with companies and research centres in the region.
Qilimanjaro announced the close of its €19.6 million Series A funding round.
- Total funding
- €19.6 million
- Indra investment
- €10 million
- SETT investment
- €9.6 million
- Company founded
- 2019
- Quantum computers
- Integrated at the Barcelona Supercomputing Center (BSC-CNS)
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What people are saying
With them we join forces to bring quantum computing closer to strategic industrial sectors, and to ensure that the quantum technology being built in Spain continues to grow in Spain.
a strategic area