What is Pasqal?
Headquartered in France, Pasqal is at the forefront of the quantum revolution, specializing in the development of programmable quantum simulators and computers. By utilizing neutral atoms arranged in sophisticated 2D and 3D arrays, the company provides a unique hardware architecture that addresses the inherent challenges of scalability and coherence in quantum systems. Their integrated approach—combining advanced laser systems, precision electronics, and proprietary software—enables researchers and industrial partners to tackle complex optimization problems that remain intractable for classical supercomputers. As the industry shifts toward practical, real-world applications, Pasqal’s ability to deliver a robust quantum processing unit (QPU) places it in a strategic position to lead the European deep tech ecosystem.
How much funding has Pasqal raised?
Pasqal has raised a total of $138.4M across 2 funding rounds:
Series A
$30.4M
Series B
$108M
Series A (2021): $30.5M with participation from Daphni, Eni, European Innovation Council (EIC) Fund, Quantonation, Runa Capital, and Defense Innovation Fund
Series B (2023): $108M led by Wa’ed Ventures, Temasek, The European Innovation Council, and Bpifrance
Key Investors in Pasqal
Bpifrance
A French public investment bank that provides comprehensive financial support, including equity and credit, to foster innovation and international growth for startups and mid-cap companies.
Quantonation
A specialized early-stage venture capital firm focused on deep tech, specifically investing in companies leveraging advances in physics and quantum technologies to create world-changing products.
Runa Capital
An international venture capital firm with a strong track record in deep tech and software, increasingly prioritizing investments in the quantum technology sector.
What's next for Pasqal?
With the support of its latest funding, Pasqal is poised to intensify its research and development efforts, focusing on increasing qubit counts and improving gate fidelity. The company’s strategic trajectory involves deepening its collaboration with industrial partners to deploy quantum-ready solutions for material science, logistics, and financial modeling. By leveraging its recent capital, Pasqal aims to solidify its market presence, expand its global footprint, and transition its technology from experimental prototypes to reliable, enterprise-grade quantum services. The focus remains on achieving quantum advantage, ensuring that their neutral atom platform becomes the standard for high-stakes computational tasks in the coming decade.
See full Pasqal company page
