Quandela, a French quantum hardware startup developing photonic based processors, received has closed on €50 million in funding to support international expansion and continue with their R&D efforts. The investors include Serena, Credit Mutuel Innovation, the European Innovation Council Fund, Bpifrance, OMNES Capital and Quantonation. This amount also include funding from the French government through the France 2030 Plan. The company also announced it had delivered their first quantum computing machine, called MosiaQ to the OVHcloud datacenter. MosiaQ is a photonics based processor that can support anywhere between 2 and 12 qubits. The company also indicated it has started the production of three additional machines in its factory for delivery in 2024. A press release about the funding is available from Quandela on their web site here and another press release announcing the installation of the MosiaQ processor at OVHcloud can be accessed here.
November 11, 2023