The round was led by Quantonation and the Defense Innovation Fund, managed by Bpifrance on behalf of the Defense Innovation Agency (AID), with additional participation from Runa Capital, Daphni, Eni Next and including a previously announced commitment by the European Innovation Council (EIC) Fund. Paris based Pasqal is using neutral atom technology to develop analog and digital quantum processors with high connectivity and scalability. Control of the neutral atoms is accomplished through the use of optical tweezers using laser light. Their goal is to have a 1000 qubit quantum processor available by 2023. The funding will be used to advance the development of Pasqal’s analog and digital quantum processors, strengthen its applications co-design approach, build its Quantum Computing as a Service (QCaaS) hybrid cloud offering and international expansion. The company is already working with a number of partners including Atos, ParityQC, CINECA, GENCI, and EDF. Additional information is available in a news release posted on the Pasqal website here.

June 8, 2021