Pasqal Raises €25M in Series A Funding

Pasqal’s founders, from right to left Antoine Browaeys, Georges-Olivier Reymond, Thierry Lahaye , Christophe Jurczak (missing Alain Aspect)

Pasqal, a French maker of quantum processors, raised €25 M in Series A funding.

The round was led by Quantonation with participation from Runa Capital, Daphni and Eni Next and previously announced commitment by the European Innovation Council (EIC) Fund.

The company intends to use the funds to advance the development of its analog and digital quantum processors, strengthen its applications co-design approach, build its Quantum Computing as a Service hybrid cloud offer as well as initiate international expansion.

Led by Georges-Olivier Reymond, CEO, Pasqal is building quantum processors out of neutral atoms ordered in large 2D and 3D arrays with the purpose is to bring practical quantum advantage to its customers in particular in the fields of quantum simulation and optimization. One quantum computer is already in operation and 2 more are in construction. Pasqal has established partnerships for application co-design with High Performance Computing communities in Italy (CINECA) and France (GENCI), as well as with partner startups and end-users such as utility EDF and financial institutions

The company was founded in 2019 by Georges-Olivier Reymond, Christophe Jurczak as well as Prof. Alain Aspect the father of the 2nd quantum revolution, Dr. Antoine Browaeys (recently awarded the silver medal of CNRS in France) and Dr. Thierry Lahaye from Institut d’Optique / CNRS. It is based in Palaiseau and Massy in the South of Paris, France.

The company is based in Palaiseau and Massy in the South of Paris, France.