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100 M$ for Pasqal to reach the 1000 qbits goal

​PASQAL, a leader in the field of quantum computing based on neutral atoms, has announced an equity capital increase of €100m ($124m).

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January 25th 2023 | 82 readers

100 M$ for Pasqal to reach the 1000 qbits goal
This series B round was led by new investor Temasek, a Singapore-based investment company that is now entering the company’s capital, the European Innovation Council (EIC) fund, Wa'ed Ventures and Bpifrance's Large Venture fund. Existing investors Quantonation, the Defence Innovation Fund, Daphni and Eni Next, the venture capital arm of Eni, also participated in this funding round. With this new funding, PASQAL plans to accelerate its research and development efforts to build a 1,000-qubit quantum computer in the short term, and fault-tolerant architectures in the long term. The company also plans to increase production of its quantum computers and accelerate the development of proprietary algorithms for key market verticals, including energy, chemistry, the automotive and mobility sectors, health, and enterprise technology and finance.

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