Led by Temasek, a Singapore-based investor, Pasqal has recently closed a €100 million Series B funding round. Pasqal is a French quantum computing startup looking to further develop its neutral atoms quantum computing platform.
Quantonation, the Defense Innovation Fund, Daphni, and Eni Next are returning investors, while the European Innovation Council (EIC) Fund, Wa’ed Ventures, and Bpifrance, through its Large Venture Fund, are new investors.
Christophe Jurczak, managing partner at Quantonation had some kind words about the new round being completed. He said “We are very proud of this new milestone in Pasqal’s development that will make the company a world leader.”
In addition to developing their platform further, Pasqal plans on increasing headcount, opening more office locations, and building a 1000-qubit quantum computer.
Founder and CEO of Pasqal, Georges-Olivier Reymond, is hopefully about the future of his company and their technology. With this latest investment round, he believes that they are “on a clear path to deliver a quantum computer capable of unlocking commercial advantage for our customers.” Georges-Olivier Reymond believes that this goal will be reached in 2024.
He goes on to say how this latest funding round validates their technology as premier and beneficial to real world quantum applications.
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