French quantum startup raises €19m, changes name to Quobly
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Siquance in France has raised €19m in its first round of funding and changed its name to Quobly.
The Quobly funding was led by Quantonation and Bpifrance as the first deal for the French Deep Tech 2030 fund as part of France 2030 with Supernova Invest and Innovacom. The round also includes BNP Paribas and local development funds Crédit Agricole Alpes Development and CEA Investissement, Caisse d’Epargne Rhone Alpes.
The funding will double the company’s Research & Development and be used to set up the remote access interfaces needed for software development. The company is developing quantum processor based on mainstream FD-SOI CMOS process technology for volume production.
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The transaction will see Quobly set up technology partnerships and establish a reference partner ecosystem to accelerate its R&D.
“This first round will allow us to accelerate our technological developments: both in setting up links with industrial players in microelectronics and carrying out scientific demonstrations that will position us as a technological leader. We are delighted to be able to rely on Quantonation, Bpifrance, Supernova Invest and Innovacom, which have recognized sectoral expertise in the field of quantum, semiconductor and deeptech,” says Maud Vinet, president and co-founder of Quobly.
Olivier Tonneau, partner at Quantonation, commented: “With scientific expertise and exceptional technology, the Quobly team also leverages its strong ties with the ecosystem of semiconductor technologies, in order to exploit the full potential of their technology. We are confident that their silicon spin qubit platform will enable the transition to the scale of quantum processors and the achievement of regimes inaccessible to classical processors. The Quantonation team is proud to support Quobly through its Quantonation I fund.”
“This first investment by the Deep Tech 2030 fund, managed on behalf of the State, with the capital of Quobly, confirms Bpifrance’s stated desire to support the most important French deeptechs. We were impressed by the experience and complementarity of the team founder, both in quantum physics and in the field of semiconductors. We are very pleased to participate in this operation and look forward to seeing the technological advances that the company will realize in the coming months,” said Gwenaël Hamon, Investment Director senior at Bpifrance.
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