Quantum Startups Pasqal and Qu&Co have announced that they have entered into an agreement to merge their companies. The merger will result in a new company providing industry-leading quantum computing solutions for business advantage.
The merger will leverage complementary quantum computing solutions to transform the way businesses are operated globally. The combined company will be able to offer a new suite of products and services based on quantum technology that will help power business operations. It will also enable fast, improved and new ways of solving industry problems and improving commercial operations.
This will be achieved through the integration of Pasqal’s industry-leading advanced quantum hardware with Qu&Co’s quantum algorithm portfolio. The combined company will retain the name Pasqal.
Pasqal has been an industry leader in quantum computing hardware development. Their flagship neutral atom system is trusted by hundreds of companies around the world for its reliability in accelerating their path to business advantage.
Qu&Co is a leading developer of computational quantum algorithms. They specialize in creating software that helps tackle business and industry problems. Their quantum computing solutions are useful in solving problems in sectors like chemistry, materials science, fluid dynamics, and computational finance with unprecedented accuracy and speed.
“Leveraging the synergies of the two companies will further strengthen our full-stack, neutral-atom solution in achieving near-term commercial benefit,” “Qu&Co’s technology and exceptional talent base has proven itself across several industries and will allow us to solidify our position as a global quantum computing leader. Our combined platform will be made available through the cloud to all partners in the Pasqal ecosystem, including clients, software developers, and others.”
Georges-Olivier Reymond, CEO of Pasqal.
With Georges-Olivier Reymond being the CEO, and Benno Broer, Chief Commercial Officer of the new company, the duo will be bringing a combined business development experience of more than 15 years. The company will be operated from over seven counties while also retaining the Qu&Co pan-European activities in Netherland, Germany, the UK, and Spain.
“Working with Pasqal on joint research convinced us their neutral atom technology is the best solution to attain real-world commercial applications in quantum computing,” “We were impressed by the performance of our algorithms on their hardware and the many significant contributions the company has made in the quantum industry.”
benno Broer, CEO of Qu&Co
The merging of the two companies will accelerate and bring about significant improvement in quantum activities while also leveraging each other’s resources to solve problems in quantum chemistry, finance, automotive, electronics, utilities, aerospace, defence, etc.
