Kiutra has secured €13 million in equity funding to accelerate the development of its helium-3-free cooling systems, aimed at enhancing the resilience of quantum supply chains.

Target Company Overview

Kiutra, based in Munich, is a leading provider of magnetic cooling technologies specifically tailored for quantum applications. The company has successfully closed a €13 million equity financing round, aimed at expanding its global reach and advancing its innovative helium-3-free cooling systems. This financing marks a significant milestone for Kiutra, which has raised over €30 million to date, underscoring strong investor commitment to establishing sustainable cryogenic infrastructure in the quantum technology space.

Industry Overview

The quantum technology sector in Europe is experiencing rapid growth, driven by increased investments and the need for reliable operational infrastructures. As the demand for quantum computers and other cold quantum technologies rises, the availability of sustainable cryogenic solutions has become a crucial factor. The reliance on helium-3 — a scarce and geopolitically sensitive resource — poses challenges and has been identified as a significant risk in the quantum supply chain, as highlighted by initiatives from NATO and Quantum Delta NL.

With a rising number of initiatives aimed at supporting the quantum ecosystem, stakeholders are looking to mitigate supply chain vulnerabilities, particularly concerning materials that are not readily