Pasqal: French Quantum Computing Startup Closes €100 Million Round

  1. Home
  2. Startup News
  3. Pasqal: French Quantum Computing Startup Closes €100 Million Round
Pasqal: Georges-Olivier Reymond

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.

Pasqal: Georges-Olivier Reymond

Georges-Olivier Reymond (left) with Bruno Desruelle, CEO of Muquans

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.

If You Enjoyed This, You May Also Enjoy – Former FTX President, Has Raised $5 Million for New Cryptocurrency Firm

 

Amit Khanna

Amit Khanna, 7startup Founder

 

Amit has 18 years of experience in the industry and an MBA. He supports entrepreneurs with every aspect of their business including concept and product development, investor presentations, and fundraising. Amit & 7startup assist startups in the pre due-diligence process and help connect them to our vast network of investors. Reach out to us today and see if we’re a fit!

Digital Health: Future and Benefits of Technology
Digital Health: Future and Benefits of Technology
Digital health refers to the use of digital technologies to improve the delivery and management of healthcare. These technologies can be used to collect, store, and analyse health-related data, as…
Menu