Details
- Pasqal completed a €170M private funding round and secured €170M ($200M) convertible financing, totaling at least €340M, ahead of a SPAC merger with Bleichroeder Acquisition Corp. II valuing the company at $2B pre-money.
- Involved parties include new investors Parkway, Quanta Computer, LG Electronics, CMA CGM; continuing backers European Innovation Council Fund, Temasek, Saudi Aramco Ventures, ISAI, Bpifrance; merger expected H2 2026.
- Neutral-atom quantum computing leader offers high-performance systems and cloud software for optimization, simulation, AI; plans fault-tolerant quantum computer by 2030, serves 25+ clients like IBM, NVIDIA, Thales.
- Builds on 2019 founding, >$300M prior funding, 275 employees; first French quantum unicorn, dual listing Nasdaq 2026 and Euronext 2026-2027, maintaining French HQ and governance.
- Funds target France infrastructure: double production in 24 months, add 50 hires (20% workforce growth) in 18 months, accelerate R&D and commercialization toward quantum advantage.
Impact
Pasqal's $2B public debut via SPAC positions it as Europe's quantum frontrunner, fueling fault-tolerant systems and global expansion amid rising competition from IonQ and Rigetti. This influx accelerates neutral-atom tech commercialization, bolstering France's quantum sovereignty while drawing institutional capital to the sector's maturing trajectory.
