Türkiye’s Sabanci Holding invests in US-based quantum computing startup QuEra

Sabanci Holding, one of Türkiye’s largest conglomerates, invested in the U.S-based quantum computing company QuEra through its corporate venture capital fund, Sabanci Ventures.

Gokhan Eyigun, chairman of Sabanci Holding’s Strategy and Business Development Group, emphasized the company’s vision of investing in future-oriented enterprises as part of its “new economy”-focused growth strategy.

Founded in 2020, Sabanci Ventures focuses on making minority investments in companies that have reached a certain development stage within its strategic focus areas, Eyigun stated.

“Our investment in QuEra is a strong reflection of this vision. With QuEra, the number of companies we have invested in through Sabanci Ventures has now reached 15,” he added.

$230 million investment

In its latest funding round, QuEra attracted significant interest from global technology leaders, securing a total of $230 million in financing. This investment will support the company’s goal of building a fully functional quantum computer within the next three to five years.

The funding round was led by Google and included major new investors such as SoftBank Vision Fund 2 and Valor Equity Partners, alongside Sabanci Ventures.

QuEra, founded by academics and scientists from Harvard and MIT, also operates the world’s largest publicly accessible quantum computer, Aquila.