Kipu Quantum Wins Santander X Global Challenge | The Quantum AI Leap
One of six winners from more than 440 companies, and the only German winner
Kipu Quantum has been named one of six winners of the Santander X Global Challenge | The Quantum AI Leap, an international competition promoted by Banco Santander together with IBM, Bluzec and Oxentia Foundation to accelerate the business application of quantum computing and artificial intelligence.
More than 440 companies took part in this edition, with 20 finalists from ten countries reaching the final round. Kipu was the only German company among the six winners and one of three recognised in the Scaleup category.
Kipu was recognised for applying quantum computing to improve the performance of AI and machine learning models, which companies can then run on their existing, conventional IT infrastructure.
The awards ceremony took place on 29 October at IBM’s offices in Madrid. Tuan Fachinetti, GTM Manager at Kipu Quantum, represented the company after presenting its technology to an international jury.
“Quantum computing has enormous potential for industry, but companies need to see what it can deliver today. Our focus has always been on translating advances in quantum research into practical applications that solve real business problems. Winning the Santander X Global Challenge is a great recognition of that approach and the progress our team has made.”
Tobias Grab, Managing Director of Kipu Quantum
As a winner, Kipu joins Santander X 100, the global community of leading Santander X companies. The winners also gain access to specialised support from IBM, including sessions on AI, access to its quantum innovation teams and the opportunity to present to IBM Ventures and its investor community.
