B&C Innovation Investments has acquired a stake in Parity Quantum Computing, a leading Austrian company in the development of quantum computing architectures, to strengthen its position in the emerging technology sector.

Information on the Target

Parity Quantum Computing (ParityQC), based in Tyrol, Austria, specializes in the development of quantum computer architectures and is recognized internationally as a leader in the practical application of quantum technology. As an essential player in the field, ParityQC aims to harness the potential of quantum computing solutions, which are projected to revolutionize industrial applications by resolving complex problems faster and more efficiently than traditional computers.

Founded in 2019 by Wolfgang Lechner and Magdalena Hauser, ParityQC emerged from collaborative research at the University of Innsbruck and the Austrian Academy of Sciences (ÖAW). The company has already demonstrated viable applications within the industry and achieved profitability as of 2023, distinguishing itself among quantum technology firms. Key clients include Japanese hardware giant NEC and the German Aerospace Center (DLR).

Industry Overview in Austria

The landscape for quantum technology in Austria is vibrant, bolstered by the country’s strong research foundation and innovative capacities. The government has actively supported initiatives to elevate Austria’s profile in