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MarketScreener Homepage  >  Equities  >  Xetra  >  BASF SE    BAS   DE000BASF111

BASF SE

(BAS)
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BASF : Invests in Quantum-Computing Startup

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04/17/2019 | 10:15am EDT

By Nathan Allen

BASF SE said Wednesday that its venture-capital arm has invested in quantum-computing startup Zapata Computing, Inc.'s series A funding round.

Cambridge, Mass.-based Zapata is developing a software platform that will allow companies to harness quantum-computing hardware to crunch vast amounts of data.

"Quantum computing will enable BASF experts to very efficiently investigate complex questions and it will further shorten the time it takes to launch new products," BASF said.

Zapata said it raised $21 million through the financing, which was led by Comcast Comcast Ventures.

BASF didn't disclose the size of its investment.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
BASF SE 0.28% 60.73 Delayed Quote.0.55%
COMCAST CORPORATION -0.14% 42.67 Delayed Quote.25.32%
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Financials (€)
Sales 2019 65 175 M
EBIT 2019 6 267 M
Net income 2019 4 247 M
Debt 2019 18 561 M
Yield 2019 5,37%
P/E ratio 2019 12,87
P/E ratio 2020 11,61
EV / Sales 2019 1,14x
EV / Sales 2020 1,08x
Capitalization 55 779 M
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Technical analysis trends BASF SE
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 73,5 €
Spread / Average Target 21%
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Managers
NameTitle
Martin Brudermüller Chairman-Executive Board
Jürgen Hambrecht Chairman-Supervisory Board
Hans-Ulrich Engel Chief Financial Officer & Vice Chairman
Michael Diekmann Vice Chairman-Supervisory Board
François Diederich Member-Supervisory Board
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