Pasqal

Founded in 2019 by Christoph Jurchak, Georges-Olivier Raymond, Professor Alain Stuck, Dr. Antoine Broways and Dr. Thierry Lahaye, Pasqal is a subsidiary of Institut d'Optique. Startup solutions are based on research in the field of ultra-cold atom physics. The startup builds quantum processors from neutral atoms ordered in 2D and 3D arrays. Atoms are controlled with laser light with unprecedented accuracy, and they are able to reach more than 100 qubits, and by June 2021 reached the level of 1000 qubits.

History

2022: The Merger with Sound& Co

At the end of January 2022, Pasqal announced a merger with Sound& Co, as a result of which a new company will be created that will specialize in quantum computing. Pasqal plans to combine its neutral-atom-based technology with a portfolio of A & Co algorithm. The new company of quantum solutions developers with investments Runa Capital will be based in Paris and operate in seven countries. More details here.

2021: Attraction of 25 million euros of investments, including from Runa Capital

In early June 2021, French quantum processor manufacturer Pasqal raised 25 million euros in the Series A round, which was led by the Quantonation and Defense Innovation Fund, which is managed by Bpifrance. Runa Capital, Daphni, Eni Next, as well as EIC Fund also took part in the round.

The startup plans to use the funds raised to further develop analog and digital quantum processors, strengthen the approach to joint application development, develop the proposal of a hybrid QCaaS cloud (quantum computing as a service) and begin international expansion.

Runa Capital and other investors invested in quantum processor maker Pasqal

One quantum computer Pasqal is already in operation, two more are under development. The company has partnerships for joint application development with computer communities in Italy (CINECA) and France (GENCI), as well as with EDF and unknown financial institutions.

We are very happy to lead this round and will continue to support Pasqal in the next phase of their development. Over the past two years, they have demonstrated an amazing ability to turn complex technology into a product, while continuing innovative work in the field of application development, "said Quantonation partner Dr. Christoph Yurchak.[1]

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