Jan 24, 2023

A ‘Dark Horse’ In The Quantum Computing Race Raises €100 Million

Posted by in categories: computing, particle physics, quantum physics

Paris-based quantum computing startup PASQAL announced today it has raised €100 million in a Series B funding round, led by a new investor, Singapore-based Temasek. It was joined by the European Innovation Council (EIC) Fund, Wa’ed Ventures and Bpifrance, through its Large Venture Fund and existing investors Quantonation, the Defense Innovation Fund, Daphni and Eni Next. This brings PASQAL’s total funding to date to more than €140 million.

Founded in 2019 as a spin-off from Institut d’Optique, PASQAL develops quantum processors based on ordered neutral atoms in 2D and 3D arrays. Physics Today.

PASQAL’s technology is based on research conducted by the winner of the 2022 Nobel Prize in Physics, and it plans to deliver major commercial advantages over classical computers by 2024.

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