In another merger between a quantum hardware processor and a quantum software companies, French hardware developer Pasqal has announced a merger with Amsterdam based Qu&Co, a quantum software provider. The two companies will work to closely integrate Qu&Co’s quantum algorithm routines with Pasqal’s neutral atom-based quantum hardware to provide quantum solutions many commercial sectors including chemistry, life sciences, automotive, electronics, utilities, aerospace, defense, finance and others. Georges-Olivier Reymond, CEO of Pasqal, will become the CEO of the combined company while Benno Broer, CEO of Qu&Co, will become the Chief Commercial Officer. The merged company will have operations in seven countries and supported by an academic advisory board with leading professors in several different quantum related fields. Both companies have been portfolio companies of venture firms Quantonation and Runa Capital.
Qu&Co is already working with clients including Covestro, BMW, Airbus, Johnson & Johnson and LG and has partnerships with Siemens, Schrödinger Inc. and AWS. They will continue supporting customers applications that use other platforms but could potentially switch some customers to Pasqal’s processors if the applications can achieve superior performance using Pasqal’s neutral atom processors. Pasqal is readying a 100-qubit processor codenamed Fresnel that they expect to make publicly available this quarter. They have further stated plans to have a 1000-qubit quantum solution available next year.
A news release announcing this merger has been posted on the Pasqal website and you can find it here.
January 11, 2022