French photonic quantum computing startup Quandela raises funding in a €50 million series B round. In addition to previous backers Bpifrance, OMNES Capital, and Quantonation, new investors Serena, Credit Mutuel Innovation, and the European Innovation Council Fund led this round of financing for the company.
In addition, Quandela has been assisted by France 2030, which is run by Bpifrance and is the recipient of the “Première usine” competition for projects. With this financing, Quandela is going to be able to meet the demands of its industrial clients by expanding its operations internationally and producing more quantum computers.
Full-stack optical quantum computers are being created by Quandela and can be purchased on-premises and in the cloud. It became the first participant in the EU and among the few globally to enable cloud connectivity to its quantum computers.
According to Paul-François Fournier, Executive Director in charge at Innovation: “We’re very proud to continue to support the growth of Quandela, which successfully opened Europe’s first quantum computer production plant a few months ago. This support is a perfect illustration of the ambitions of Bpifrance’s Deeptech plan: to encourage the rise of French champions driving breakthrough innovations in the coming decades.”
Svetoslava Georgieva, Chair of the EIC Fund Board shared: “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.”
A business called Quandela specialises in photonic quantum computing and offers middleware, software, and hardware. From creating revolutionary solid-state sources of quantum light to developing quantum algorithms and software to power a new generation of quantum computers that are available on the cloud, we combine our state-of-the-art technology with the commitment and experience of our teams.