France backs photonic quantum computing with €50 million for Quandela

France backs photonic quantum computing with €50 million for Quandela

Business news |
By Peter Clarke

Cette publication existe aussi en Français

Full-stack photonic quantum computing startup Quandela SA (Massy, France) has raised more than €50 million from multiple investors including the French government.

New investors include Serena, Credit Mutuel Innovation, and the European Innovation Council Fund, who have joined existing investors, Bpifrance, Omnes Capital and Quantonation.

The money will be used for expansion into North America and Asia Quandela said. It comes after the company raised €15 million in a Series A round of financing in 2021.

Quandela was founded in 2017 by Niccolo Somaschi, Valerian Giesz and Professor Pascale Senellart who now serve the company as CTO, CEO and chief scientific officer, respectively. It provides the hardware, middleware and software for photonic quantum computing accessible via the cloud.

Quandela opened its quantum computer manufacturing facility in June 2023, in Massy and the first quantum computer produced in this facility has just been delivered to OVHcloud datacenter. This marks the first European quantum computer purchased and hosted by an industrial client, Quandela claims.

Three further machines are in production within the facility for delivery in 2024.

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