Change of Name, Not of Attitude
Although the number of quantum companies and startups (approximately 400 as per The Quantum Insider data platform) is tiny in comparison to more developed Deep Tech sectors like artificial intelligence (AI) and Blockchain, it is growing. In the area of chemical simulation using quantum effects to garner effective results, there are several representatives whose laser focus is this — three of them being HQS Quantum (founded in 2018) Pine.ly (2019) and QSimulate (2018).
Founded in 2018 by Marcel Quennet and Vincent Pohl and headquartered in Berlin, Germany and formerly known as Quantum on Demand, the Quantistry (“Quantum”+“Chemistry”) team combines several years of scientific experience with a tireless dedication to usability and design utilizing algorithms that range from Density Functional Theory (DFT) to Post-Hartree-Fock over to classical force fields.
Set up to offer anyone a sleek, intuitive, yet powerful set of tools to improve their R&D to develop the next level of chemical simulations, Quantistry’s cloud-based solution gives its customers a significant competitive advantage by simplifying and accelerating the development of chemical and pharmaceutical products and can boast research institutes and semiconductor industry players are amongst their customer base.
Quantistry’s platform is the go-to solution as it reduces cost, is easy to use, saves time and, above all in these times of COP26, is sustainable, as the CO2 footprint is reduced due to the lower energy requirements.
Verticals that can benefit from the platform include batteries and fuel cells, semiconductors, high-tech materials, optics, petrochemistry, and pharma.
Quantistry’s CEO and Co-Founder is Marcel Quennet. With a demonstrated history of working in the R&D and IT industry, Quennet’s expertise is in quantum chemistry and physics, scientific computing, data science and AI.
Highly interested in the following topics AR and VR, AI, ML, Big Data, Cloud Computing, Quantum Computing, Quantum Simulations, High-Performance Computing, sustainability, entrepreneurship and startups, Quennet obtained a Ph.D. in Quantum Chemistry from Freie Universität Berlin.
Vincent Pohl is Quantistry’s CTO and other Co-Founder who prior to co-founding Quantistry (Quantum on Demand) was a Research Associate at both Freie Universität Berlin and the Indian Institute of Technology, Bombay.
Pohl received a Ph.D. in Computational Chemistry from the Freie Universität Berlin.
In early November of this year, the startup landed a seven-figure sum, with Investitionsbank Berlin (IBB) among the investors.
On the investment, Quennet and Pohl, said in a joint statement:
“Advances in cloud and quantum computing allow us to harness and exploit the full potential of chemical simulations in our platform. With our more than ten years of experience in the field of quantum chemical simulations and the investment round now closed, we are convinced that with Quantistry we can build a high-tech company of global relevance based in Germany.”
With a new name, money in the bank that will be used to expand the product portfolio and hire new staff, Quantistry is onto something really good in the world of quantum chemical simulations.