Qilimanjaro Quantum Tech Announces Nearly €20 Million First Close of Series A Led by Indra Group
Barcelona, 14 October 2026. Qilimanjaro Quantum Tech has completed a €19.6 million first close of its Series A funding round, led by Indra Group through IndraMind with an investment of €10 million. The Spanish Society for Technological Transformation (SETT), under the Ministry for Digital Transformation and Public Administration, renewed its support with €9.6 million.
The company expects to complete the round in the final quarter of 2026 with the participation of Avançsa and other existing investors.
The funds will be used to scale and industrialize its quantum computers, develop new generations of chips, and increase manufacturing and deployment capacity, strengthening technological capabilities developed in Spain and contributing to greater European technological autonomy in quantum computing.
Marta P. Estarellas, CEO of Qilimanjaro Quantum Tech, said: "SETT’s renewed commitment and Indra’s entry bring together sovereign capital and industrial capital to protect, but also accelerate, national technological autonomy. Together, we are joining forces to bring quantum computing closer to strategic industrial sectors and to ensure that the quantum technology built in Spain continues to grow in Spain."
Ignacio Martínez, Managing Director of IndraMind, said: "Quantum computing will mark a decisive leap in the evolution of artificial intelligence and in its ability to solve problems of enormous complexity. With this transaction, Indra Group strengthens its position in this strategic field, while IndraMind expands the capabilities with which to develop sovereign and differentiated solutions for defense, security and industry."
Source: Qilimanjaro Quantum Tech news