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Quandela, one of Europe’s major players in photonic quantum computing, has successfully secured over €50 million from investors, the French government, and banking partners. This fundraising round represents a significant milestone for European growth in the international quantum landscape.
New investors Serena, Credit Mutuel Innovation, and the European Innovation Council Fund have joined the list of investors in Quandela, previous benefactors Bpifrance, OMNES Capital and Quantonation. Quandela has also received support from France 2030 as the laureate of the "Première usine" call for projects, operated by Bpifrance. The €50 million raised will enable the acceleration of Quandela’s growth and expedite its international expansion, thus strengthening its presence on the global stage to support an increasing number of industrial clients in utilizing quantum computing to address complex use cases.
For this occasion, Svetoslava Georgieva, Chair of the European Innovation Council Fund Board stated in the official press release “Quandela, as a major European player in photonic quantum computing, embodies the innovation and disruptive potential actively supported by the EIC. This investment reflects our trust in their capacity to bring about significant change and drive innovation in the global technological landscape.”.
In late 2022, Quandela became one of few players globally to make its quantum computers accessible via the cloud. Furthermore, Quandela opened its new quantum computer manufacturing facility in June 2023, in Massy,France. Today, the first quantum computer produced in this facility has just been delivered to an OVHcloud datacenter, marking the installation of a European quantum computer purchased and hosted by an industrial client. Quandela has already initiated the production of three new machines within its facility, scheduled for deliveries in 2024.
Read more in Quandela’s Press Release.