With the capital raised in the amount of 13 million euros, the Munich startup intends to Kiutra drive international expansion and further develop helium-3-free cooling systems. These are intended to make supply chains in the field of quantum technologies more resilient. Kiutra's financing round was led by new international investors NovaCapital and 55 North, accompanied by High-Tech Founders Fund and other existing investors. The deep-tech startup has raised over €30 million in private and public funding to date.
Sustainable cooling technology as a key element for quantum technologies
As quantum technology ecosystems expand in Europe and other regions, the need for reliable, sustainable cooling technology is growing. Quantum computers and related systems require extremely low temperatures to function. The use of helium-3 is considered a vulnerability due to the limited availability and geopolitical sensitivity of the isotope. Several international initiatives, including the NATO Transatlantic Quantum Community and Quantum Delta NL, have identified this dependence as a risk to supply chains.
Kiutra has developed a magnetic cooling technology that operates entirely without helium-3. The process uses magnetic solids that are brought to very low temperatures through controlled magnetization and demagnetization. The systems are already in use in research institutions, companies, and quantum startups. According to the company, they enable particularly fast cooling processes and simplify handling.
Dr. Alexander Regnat, CEO and co-founder of Kiutra, comments:
“This new funding will support Kiutra in expanding our global presence and further developing our portfolio of scalable cooling solutions necessary for the growing quantum ecosystem.”
Strategic building blocks in quantum computing
In addition to further developing existing products, Kiutra is working on modular platforms for complex quantum chips and complete quantum computers.
Dr. Michael Jobst, investor at 55 North, explains:
"Kiutra is well positioned to deliver one of the critical building blocks in quantum computing: reliable and scalable cooling. Its product portfolio is significantly different from the market (...)."
Carlo Germano Ravina, Managing Director at NovaCapital, emphasizes the European relevance of the development:
“Kiutra’s scalable magnetic cooling technology is fundamental for quantum applications and demonstrates the potential of the European deep-tech landscape.”
Already in 2024, Kiutra received a EIC funding over 4 million euros to advance the further development of its technology. The company aims to use the new capital to accelerate research and simplify access to cryogenic technology.
The current financing round marks Kiutra's transition from a research-oriented startup to an industrially scaled company. The Munich-based startup aims to contribute to Europe's technological independence in the field of quantum technologies and to the stability of the associated supply chains.
