Quantum computing is moving fast, promising breakthroughs in drug discovery, logistics, and cryptography. But the big hurdle remains to be qubit stability and scaling. That’s where Pasqal comes in: their neutral-atom tech lets them arrange qubits with greater flexibility, making error correction and scaling up much more practical.
The company, offering both hardware and software, is raising €200 million in funding that would value it at more than $1 billion before the deal closes, according to industry reports.
The terms are still being finalised.
Scalable, programmable quantum processors that can actually be used in the real world
Pasqal was co-founded by Georges-Olivier Reymond and Antoine Browaeys, aiming to turn neutral-atom tech into quantum computers that can finally beat classical machines.
Pasqal’s main technology uses neutral atom qubits, which are atoms trapped by lasers. These provide high accuracy, long-lasting coherence, and flexible setups.
What sets Pasqal apart? They’re building fully integrated processors and software that blend quantum and classical computing. This is better than superconducting qubits, which can be noisy and fixed in place, or trapped-ion qubits, which are hard to scale.
Competitors like IonQ, Rigetti, IBM, and Oxford Quantum Circuits are in the race, but Pasqal’s edge is scaling beyond 1,000 qubits with atoms.
So, what’s next for Pasqal?
The new funding will help them scale up processors, boost their software, and run real-world pilots in pharma and logistics.