C12 Quantum Electronics Raises $10M in Funding

C12 Quantum Electronics

C12 Quantum Electronics, a Paris, France-based company which makes functional units of quantum computers, raised $10M in funding.

Backers included 360 Capital, Bpifrance (Digital Venture Fund), Airbus Ventures, BNP Paribas Développement, and Octave Klaba (OVHcloud), with additional grants from Bpifrance and the Ile-de-France Region.

The company intends to use the funds to expand the team with tech developers and engineers, as well as establish a high-tech pilot production line.

Founded in January 2020 by Matthieu and Pierre Desjardins, alongside scientists – Takis Kontos, Matthieu Delbecq and Jérémie Viennot, C12 Quantum Electronics develops quantum processors to speed up complex computing tasks, thanks to know-how developed at CNRS and the Physics Laboratory of the Ecole Normale Supérieure in Paris. The company uses carbon nanotubes as the fundamental building blocks of its quantum processor which will have an unlimited range of applications, from optimizing transportation and logistics to transforming healthcare.

The startup aims to grow a range of quantum accelerators ready to be integrated into classical supercomputers, as well as design application-specific processors within the next five years, for example for optimization and quantum chemistry needs.