
France backs photonic quantum computing with €50 million for Quandela

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.
Related links and articles:
News articles:
EPFL honours British quantum engineer
SpinQ upgrades desktop quantum computing
Neutral atom quantum computing startup raises $60m
Pasqal raises €100 million for neutral atom quantum computing
Sony invests in UK-based quantum computing scale-up
Quantum firms team up for hybrid computing under Linux
Dutch photoquantum pioneer Quix Quantum raises funds
Startup scales photonic quantum processor
Quantum computing startup raises $230 million
